A recent study suggests that the growing population of millionaires could generate 286 gigatons of carbon pollution by 2050. This amount represents roughly 72% of the remaining carbon budget required to limit global warming to 1.5 degrees Celsius. High-end consumption habits, including private aviation and luxury real estate, are outpacing the deployment of clean energy offsets. The findings highlight a significant gap between individual sustainability efforts and the emissions generated by the ultra-wealthy.
