The Future is Equal

inequality

Carbon emissions of richest 1% set to be 30 times the 1.5°C limit in 2030

The carbon footprints of the richest 1 per cent of people on Earth are set to be 30 times greater than the level compatible with the 1.5°C goal of the Paris Agreement in 2030, according to new research out today. It comes as delegates grapple with how to keep this goal alive at the COP26 meeting in Glasgow.

In 2015, governments agreed to the goal of limiting global heating to 1.5°C above pre-industrial levels, but current pledges to reduce emissions fall far short of what is needed. To stay within this guardrail, every person on Earth would need to emit an average of just 2.3 tonnes of CO2 per year by 2030 – this is roughly half the average footprint of every person on Earth today.

Today’s study, commissioned by Oxfam based on research carried out by the Institute for European Environmental Policy (IEEP) and the Stockholm Environment Institute (SEI), estimates how governments’ pledges will affect the carbon footprints of richer and poorer people around the world. It treats the global population and income groups as if they were a single country. It finds that by 2030:

  • The poorest half of the global population will still emit far below the 1.5°C-aligned level in 2030.
  • The richest 1 per cent and 10 per cent of people are set to exceed this level by 30 times and 9 times respectively.
  • Someone in the richest 1 per cent would need to reduce their emissions by around 97 per cent compared with today to reach this level.

But in a sign that the 2015 Paris Agreement is having some impact, the middle 40 per cent are on course for per capita emissions cuts of 9 per cent from 2015 to 2030. This is a turnaround for a group, which is mostly made up of citizens in middle-income countries like China and South Africa that saw the fastest per capita emissions growth rates from 1990 to 2015.

Looking at total global emissions, instead of per capita emissions, the richest 1 per cent – fewer people than the population of Germany – are expected to account for 16 per cent of total global emissions by 2030, up from 13 per cent in 1990 and 15 per cent in 2015. The total emissions of the richest 10 per cent alone are set to exceed the 1.5°C-aligned level in 2030, regardless of what the other 90 per cent do.

Nafkote Dabi, Climate Policy Lead at Oxfam, said: “The emissions from a single billionaire space flight would exceed the lifetime emissions of someone in the poorest billion people on Earth. A tiny elite appear to have a free pass to pollute. Their over-sized emissions are fuelling extreme weather around the world and jeopardising the international goal of limiting global heating. The emissions of the wealthiest 10 per cent alone could send us beyond the agreed limit in the next nine years. This would have catastrophic results for some of the most vulnerable people on Earth who are already facing deadly storms, hunger and destitution.”

The geography of global carbon inequality is set to change too, with a larger share of the emissions of the world’s richest 1 per cent and 10 per cent linked to citizens in middle income countries. By 2030, Chinese citizens will be responsible for almost a quarter (23 per cent) of the emissions of the richest 1 per cent, US citizens for a fifth (19 per cent) and Indian citizens for a tenth (11 per cent).

Tim Gore, author of this briefing and Head of the Low Carbon and Circular Economy programme at IEEP, said: “The global emissions gap to keep the 1.5°C Paris goal alive is not the result of the consumption of most of the world’s people: it reflects instead the excessive emissions of just the richest citizens on the planet. To close the emissions gap by 2030, it is necessary for governments to target measures at their richest, highest emitters – the climate and inequality crises should be tackled together. That includes both measures to constrain luxury carbon consumption like mega yachts, private jets and space travel, and to curb climate-intensive investments like stock-holdings in fossil fuel industries.”

Emily Ghosh, Scientist at Stockholm Environment Institute says: “Our research highlights the challenge of ensuring a more equitable distribution of the remaining and rapidly diminishing global carbon budget. If we continue on the same trajectory as today the stark inequalities in income and emissions across the global population will remain, challenging the equity principle at the very heart of the Paris Agreement. Analysis of carbon inequality must urgently be put at the centre of governments efforts to reduce emissions.”

Oxfam said world leaders should focus on targeting deeper emissions cuts by 2030, in line with their fair share, and ensure that the richest people worldwide and within countries make the most radical cuts. The richest citizens have the potential to speed up this process dramatically, both by leading greener lifestyles but also by directing their political influence and investments towards a low-carbon economy.

Notes to editors:

For a copy of the briefing see: Carbon Inequality in 2030: Per capita consumption emissions and the 1.5C goal

The report was commissioned by Oxfam and authored by Tim Gore, IEEP, based on research carried out by IEEP and SEI.

Today’s briefing is based on an analysis of the impact of unconditional Nationally Determined Contributions (NDCs) submitted up to September 2021 under the Paris Agreement on the per capita consumption emissions of different global income groups.

Global income groups

Estimated consumption emissions per person in 2030 (tonnes CO2 per year)

Number of times over the level of per capita emissions consistent with 1.5°C (2.3 tonnes)

Richest 1%

70

x30

Richest 10%

21

x9

Middle 40%

5

x2

Poorest 50%

1

x0.43 (less than half)

 

The UNEP Emissions Gap Report 2021 estimates that total global emissions will need to fall to approximately 18 Gt CO2 (25 Gt CO2e) per year by 2030, on a pathway to net zero emissions by mid-century, in order to have a reasonable chance of limiting global heating to 1.5°C. This works out to approximately 2.3 tonnes CO2 per person per year (per capita emissions) in 2030.

By 2030, the global population is projected to be approximately 7.9 billion people. This will comprise approximately 80 million people in the top 1 per cent, 800 million in the top 10 per cent, 3.4 billion in the ‘middle 40 per cent’ and 4 billion in the poorest 50 per cent.

By 2030, you would need an annual income of more than NZD 255,000 to be in the richest 1 per cent; more than NZD 82,000 to be in the richest 10 per cent; more than NZD 14,500 to be in the middle 40 per cent; or less than NZD 14,500 to be in the poorest half of the global population.

This briefing builds on last year’s report from Oxfam and SEI which estimated that the richest 1 per cent of people on Earth is responsible for twice the carbon emissions of the poorest 50 per cent from 1990 to 2015.

Carbon emissions per passenger for an 11-minute space flight are estimated to be at least 75 tonnes, according to a recent report by Lucas Chancel. People in the poorest billion emit less than one tonne of carbon per year.

The Institute for European Environmental Policy (IEEP) is a sustainability Think Tank working with stakeholders across EU institutions, international bodies, academia, civil society and industry. Our team of economists, scientists and lawyers produce evidence-based research and policy insight (www.ieep.eu).

The Stockholm Environment Institute is an international non-profit research and policy organisation that tackles environment and development challenges.

Our obligation to the people of Afghanistan

In an open letter to the minister of foreign affairs (see below), more than 60 civil society organisations and leading individuals call with one voice for the government to increase its efforts when it comes to the crisis in Afghanistan. The call comes as needs grow by the hour, and risks to those on the ground continue to escalate.

The UN Flash appeal on Monday September 13 called for US$600 million to support approximately 11 million people to the end of the year. On Friday last week there was a commitment to $3 million in humanitarian assistance, further to an initial $3 million announced on August 20. The commitment is welcome, however, when it came to the Asian tsunami, New Zealand gave $60 million in new and extra aid. 

Governments around the world have stepped up, both in giving as well as preparing pathways of settlement for the thousands in need of safe refuge. Sadly, New Zealand is not among the leaders when it comes to international efforts. Beyond the initial strict evacuation criteria, there has been no concrete commitment to support those fleeing the country in need of refuge. There has been no concrete commitment to support evacuation and resettlement of the family members of Aotearoa New Zealand’s Afghan community. In fact, despite the rapidly deteriorating situation in Afghanistan, it was not considered a priority to expedite visa applications of Afghan family members already in the system.

It is not yet too late for us to “up our game”, and the situation certainly requires it. 

Our ask is simple: we say the government must become a leader of international efforts. We need more action on aid and pathways of resettlement. We call for concrete measures to enact the prime minister’s commitment “to reassure Afghan women and girls that we will closely follow the developments in their country, listen to their voices, and continue to support their rights and opportunities”. We also ask that the government drive agreement in the international community to ensure there is accountability, that the crimes and human rights violations across Afghanistan will not go undocumented and unnoticed, and the rights and protections of each individual will be robustly fought for.

Open letter to Nanaia Mahuta, minister of foreign affairs

Tēnā koe Minister Mahuta,

We write to you as a collective voice of organisations and individuals in Aotearoa advocating for the rights and protection of Afghan nationals. We welcome the statements New Zealand has made at the United Nations and the efforts taken to evacuate people. However, more action is needed. As a society that values compassion and kindness, we need to ensure that our response meets the scale of the crisis. 

The needs in Afghanistan are growing by the hour. Right now, there are compounding crises taking place, including hunger, displacement, conflict and Covid-19. Basic services are collapsing, and aid is running out. There are ongoing reports of gross human rights abuses. Women, children and those who have worked to promote human rights, democracy and education are among the people most at risk. Urgent action is needed to prevent an even greater humanitarian disaster and to ensure that every individual has their rights and dignity upheld. 

We are concerned that, alongside causing anguish, delays in government action and decisions increase risk of harm to those who need aid from, or safe resettlement to, New Zealand. We collectively call on the government to:

1. Urgently increase humanitarian and development support. The government must:

  • At least double aid to Afghanistan to support local organisations; and
  • Increase humanitarian aid to surrounding countries that are taking in refugees.

2. Establish and ensure safe pathways of relocation and resettlement for Afghan nationals to New Zealand.

Over 21,000 people across Aotearoa have come together to call on the government to take action to help people fleeing Afghanistan. We implore the government to:

  • Evacuate the remaining people in Afghanistan left from the initial mission, and include at-risk individuals connected to New Zealand in these efforts;
  • Welcome at least 1,500 Afghan refugees in this year’s (July 1 2021-June 30 2022) current refugee intake, over and above the current refugee resettlement quota commitments, for those at most immediate risk or with connections to Aotearoa;
  • Expedite visa processing of both the refugee family support category (RFSC) visas and critical purpose visitor visas;
  • Create or re-establish additional humanitarian pathways to support the reunification of families of Afghan New Zealanders not already lodged with RFSC; and
  • Utilise and expand the community sponsorship scheme to create more viable routes for people to come to New Zealand.

3. Establish formal mechanisms to liaise and consult meaningfully with the Afghan community here in Aotearoa New Zealand. 

It is essential that the government increases its efforts to listen to, support and provide relief to New Zealand’s Afghan community. We stand with the 6,000 Afghan New Zealanders, many who worry for the safety of their families and neighbours.

4. Lead international efforts. The government must:

  • Take concrete measures to enact the prime minister’s commitment “to reassure Afghan women and girls that we will closely follow the developments in their country, listen to their voices, and continue to support their rights and opportunities”.
  • Drive agreement in the international community to establish a robust investigative mechanism – with a mandate to document, collect and preserve evidence of ongoing crimes and human rights violations across Afghanistan.

Your government is perceived to be one that practises kindness and is committed to collective action for the betterment of humanity, yet other countries have taken significant steps to address the need for international support and assistance, while New Zealand has not. Canada has announced the resettlement of up to 20,000 vulnerable Afghan nationals and the UK has committed to accepting 20,000 Afghan refugees. The US is expected to admit 50,000 Afghan refugees and has set aside a US$500 million fund that will help meet urgent migration needs. European countries and our Australian neighbours are also taking steps. The UN’s Office for the Coordination of Humanitarian Affairs (OCHA) is seeking US$606 million to assist nearly 11 million people during the four remaining months of this year. What is required is an international collaborative effort.

The New Zealand government spent 20 years and hundreds of millions of dollars in military expenditure as part of the international intervention in Afghanistan. We have an obligation to the people of Afghanistan to stand by them now. Be it the provision of aid, or safe pathways to New Zealand, the time for response is immediate and the cost of inaction is high. 

We now call on you to do more. 

We look forward to hearing from you shortly.

Yours sincerely,

  • ActionStation 
  • Afghan Cultural Association of Wellington
  • Amnesty International Aotearoa New Zealand
  • Anglican Missions
  • Aotearoa Resettled Community Coalition (ARCC)
  • Asylum Support Seekers Trust (ASST)
  • Belong Aotearoa
  • Caritas Aotearoa New Zealand
  • ChildFund
  • Christian Churches New Zealand
  • Christian World Service
  • Community Law Centres O Aotearoa
  • Congregational Union of New Zealand
  • Council for International Development
  • ECPAT NZ
  • Fairtrade ANZ
  • Hagar
  • Hazara Afghan Youth Association (HAYA)
  • Hazara Association of New Zealand
  • Methodist Church of New Zealand
  • NZBMS (New Zealand Baptist Missionary Society)
  • Oxfam Aotearoa
  • ReliefAid 
  • Save the Children
  • Tearfund
  • The Gender Justice Collective
  • The National Centre for Peace and Conflict Studies, University of Otago
  • Tutapona International
  • UN Women Aotearoa New Zealand
  • United Afghan Association of Canterbury
  • Vineyard Churches Aotearoa New Zealand
  • Wesleyan Methodist Church of New Zealand
  • World Vision New Zealand
  • Alberto Costi, professor, Te Herenga Waka—Victoria University of Wellington
  • Amin Vakili, Civil Society Activist and members of the Afghan Cultural Association of Wellington
  • Archbishop Don Tamihere, te pihopa o Aotearoa
  • Archbishop Philip Richardson, bishop of Waikato and Taranaki
  • Associate professor Bethan Greener PhD, Massey
  • Blake Dawson, barrister (Brandon Street Chambers)
  • Bridget Crichton (Fa’amatuainu), lecturer, AUT School of Law
  • Carol Peters, PhD, QSM, Whangarei district councillor
  • Dr Arif Ali, Hazara Association of New Zealand and Afghan Cultural Association of Wellington.
  • Dr Charles Mpofu, senior lecturer
  • Dr Marnie Lloydd, lecturer, Victoria University of Wellington
  • Dr Natalia Szablewska, international human rights and humanitarian law expert, Auckland University of Technology
  • Dr Heather Devere, director of practice, Te Ao o Rongmaraeroa/National Centre for Peace and Conflict Studies
  • Eleanor Holroyd, co-director AUT Centre of Migrant and Refugee Research
  • James Meager, public law solicitor 
  • Jane Verbitsky, associate professor 
  • Javid Nazari, president of Afghan Cultural Association of Wellington
  • John McBride, Barrister 
  • Marianne Elliott, human rights advocate
  • Mohammad Raqiz Nabizadah, member of Afghan Cultural Association of Wellington 
  • Monique van Alphen Fyfe, barrister | Rōia Tūtahi (Stout Street Chambers)
  • Natalie Baird, associate professor, Faculty of Law | Te Kaupeka Ture, University of Canterbury | Te Whare Wānanga o Waitaha
  • Nicola Muir, author
  • Paul Rishworth QC
  • Right Reverend Fakaofo Kaio, moderator, Presbyterian Church of Aotearoa NZ
  • Shakerah Zakeri, member of the Afghan community
  • Sulaiman Sarwary, PHD student and member of Aotearoa’s Afghan Community 
  • Wendy Aldred, barrister (Stout Street Chambers)

Group of sixty-one organisations, individuals and community members call for urgent action for Afghanistan

An open letter to Hon Nanaia Mahuta, Minister of Foreign Affairs was submitted today with signatures from 61 organisations, individuals and Afghan community members calling for urgent action for Afghanistan. In the open letter, the group expresses their concern about the delay in Government action:

“The needs in Afghanistan are growing by the hour. Right now, there are compounding crises taking place, including hunger, displacement, conflict, and Covid-19. Basic services are collapsing, and aid is running out. There are ongoing reports of gross human rights abuses. Women, children, and those who have worked to promote human rights, democracy and education, are amongst the people most at risk. Urgent action is needed to prevent an even greater humanitarian disaster and to ensure that every individual has their rights and dignity upheld.” 

Canada has announced the resettlement of up to 20,000 vulnerable Afghan nationals; the UK committed to accepting 20,000 Afghan refugees; the US is expected to admit 50,000 Afghan refugees and has set aside a US$500 million fund which will help meet urgent migration needs; European countries and our Australian neighbours are also taking steps. However, New Zealand has made no such commitments yet. The letter urges the Government to take action, saying:

“Your Government is perceived to be one that practices kindness and is committed to collective action for the betterment of humanity, yet other countries have taken significant steps to address the need for international support and assistance, while New Zealand has not.”

“The New Zealand Government spent 20 years and hundreds of millions of dollars in military expenditure as part of the international intervention in Afghanistan. We have an obligation to the people of Afghanistan to stand by them now. Be it the provision of aid, or safe pathways to New Zealand, the time for response is immediate and the cost of inaction is high.”

Read the open letter here, which includes signatures from the following:

Organisations

  1. ActionStation 
  2. Afghan Cultural Association of Wellington
  3. Amnesty International Aotearoa New Zealand
  4. Anglican Missions
  5. Aotearoa Resettled Community Coalition (ARCC)
  6. Asylum Support Seekers Trust (ASST)
  7. Belong Aotearoa
  8. Caritas Aotearoa New Zealand
  9. ChildFund
  10. Christian Churches New Zealand
  11. Christian World Service
  12. Community Law Centres O Aotearoa
  13. Congregational Union of New Zealand
  14. Council for International Development
  15. ECPAT NZ
  16. Fairtrade ANZ
  17. Hagar
  18. Hazara Afghan Youth Association (HAYA)
  19. Hazara Association of New Zealand
  20. Methodist Church of New Zealand
  21. NZBMS (New Zealand Baptist Missionary Society)
  22. Oxfam Aotearoa
  23. ReliefAid 
  24. Save the Children
  25. Tearfund
  26. The Gender Justice Collective
  27. The National Centre for Peace and Conflict Studies, University of Otago
  28. Tutapona International
  29. UN Women Aotearoa New Zealand
  30. United Afghan Association of Canterbury
  31. Vineyard Churches Aotearoa New Zealand
  32. Wesleyan Methodist Church of New Zealand
  33. World Vision New Zealand

Individuals 

  1. Alberto Costi, Professor, Te Herenga Waka—Victoria University of Wellington
  2. Amin Vakili, Civil Society Activist and members of the Afghan Cultural Association of Wellington
  3. Archbishop Don Tamihere. Te Pihopa o Aotearoa
  4. Archbishop Philip Richardson, Bishop of Waikato and Taranaki
  5. Associate Professor Bethan Greener PhD, Massey
  6. Blake Dawson, Barrister (Brandon Street Chambers)
  7. Bridget Crichton (Fa’amatuainu), Lecturer, AUT School of Law
  8. Carol Peters, PhD, QSM, Whangarei District Councillor
  9. Dr Arif Ali, Hazara Association of New Zealand and Afghan Cultural Association of Wellington.
  10. Dr Charles Mpofu; Senior Lecturer
  11. Dr Marnie Lloydd, Lecturer, Victoria University of Wellington
  12. Dr Natalia Szablewska, International Human Rights and Humanitarian Law Expert, Auckland University of Technology  
  13. Dr. Heather Devere, Director of Practice, Te Ao o Rongmaraeroa/National Centre for Peace and Conflict Studies
  14. Eleanor Holroyd Co-Director AUT Centre of Migrant and Refugee Research
  15. James Meager, Public Law Solicitor 
  16. Jane Verbitsky Associate Professor 
  17. Javid Nazari, President of Afghan Cultural Association of Wellington
  18. John McBride, Barrister 
  19. Marianne Elliott, Human Rights Advocate
  20. Mohammad Raqiz Nabizadah, member of Afghan Cultural Association of Wellington 
  21. Monique van Alphen Fyfe, Barrister | Rōia Tūtahi (Stout Street Chambers)
  22. Natalie Baird, Associate Professor, Faculty of Law | Te Kaupeka Ture, University of Canterbury | Te Whare Wānanga o Waitaha
  23. Nicola Muir, Author
  24. Paul Rishworth QC
  25. Right Reverend Fakaofo Kaio – Moderator Presbyterian Church of Aotearoa NZ
  26. Shakerah Zakeri, member of the Afghan community
  27. Sulaiman Sarwary, PHD student and member of Aotearoa’s Afghan Community 
  28. Wendy Aldred, Barrister (Stout Street Chambers)

Collective Resilience NZ’s Aid Contributions In Times of Inequality & Crises

This report examines New Zealand’s overseas aid contributions against six principles of a quality aid programme that reduces inequality and poverty. The report finds that while New Zealand’s aid contribution has some firm foundations, there is room for substantial improvement. Sixteen recommendations outline steps that will contribute to building a New Zealand Aid Programme that helps achieve collective resilience for all of humanity.

Now is a good time to assess how well the New Zealand government’s overseas development assistance (ODA), or aid, is responding to international development challenges across the world.

 

Click here to read the full report.

Unpaid care work traps millions of women in poverty

Care worker tending to her husband
Arlene Cinco is a shop owner and mother to 4 children in the Philippines. She spends all day working to earn money and doing all the care work for her family. Arlene’s husband, Eduardo, suffered from a stroke in 2016 and was consequently paralysed. She works several jobs to earn money for food, electricity, school fees and her husband’s medicines. Photo: Jed Regala/Oxfam

New Oxfam Report Reveals Sexist Economy

Women and girls put in 12.5 billion hours of unpaid care work each and every day, a contribution to the global economy of at least $10.8 trillion (NZD$16 trillion) a year, and more than three times the size of the global tech industry, reveals a new report from Oxfam today ahead of the World Economic Forum (WEF) in Davos, Switzerland.

Oxfam’s report, ‘Time to Care’, shows how our sexist economies are fuelling the inequality crisis – enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly poor women and girls:

  • The 22 richest men in the world have more wealth than all the women in Africa.
  • The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population
  • Getting the richest one percent to pay just 0.5 percent extra tax on their wealth over the next 10 years would equal the investment needed to create 117 million jobs in sectors such as elderly and childcare, education and health.
  • The minimum estimated value of unpaid care in New Zealand is NZD$41.4 billion.

Global inequality is shockingly entrenched and vast and the number of billionaires has doubled in the last decade. Oxfam India CEO Amitabh Behar, who is in Davos to represent the Oxfam confederation this year said: “The gap between rich and poor can’t be resolved without deliberate inequality-busting policies, and too few governments are committed to these.

“Women and girls are among those who benefit least from today’s economic system. They spend billions of hours cooking, cleaning and caring for children and the elderly. Unpaid care work is the ‘hidden engine’ that keeps the wheels of our economies, businesses and societies moving. It is driven by women who often have little time to get an education, earn a decent living or have a say in how our societies are run, and who are therefore trapped at the bottom of the economy,” added Behar.

Davos 2020, Women cleaning
Ruth is a mother of 7 in the Philippines.  She is the first to wake up, feeding the kids and getting them ready for school, and the last to sleep after she cleans the house and washes everyone’s clothes. If Ruth had more free time, she would want to run her own small business. Photo: Jed Regala/Oxfam

Women do more than three-quarters of all unpaid care work. They often have to work reduced hours or drop out of the workforce because of their care workload. Across the globe, 42 percent of women cannot get jobs because they are responsible for all the caregiving, compared to just six percent of men.

Women also make up two-thirds of the paid ‘care workforce’. Jobs such as nursery workers, domestic workers, and care assistants are often poorly paid, provide scant benefits, impose irregular hours, and can take a physical and emotional toll.

The pressure on carers, both unpaid and paid, is set to grow in the coming decade as the global population grows and ages. An estimated 2.3 billion people will be in need of care by 2030 – an increase of 200 million since 2015. Climate change could worsen the looming global care crisis – by 2025, up to 2.4 billion people will live in areas without enough water, and women and girls will have to walk even longer distances to fetch it.

The report outlines practical and powerful ways we can recognise, reduce and redistribute this care work. One solution is to make essential public services and infrastructure free and available to all –  services like primary healthcare, public transport, early childhood education, water, and care for people who are sick or older. This can be funded through taxing wealth.

Oxfam New Zealand’s executive director Rachael Le Mesurier said Kiwis have an opportunity during an election year to challenge the status quo and demand politicians create change.

“This year, we need to put the global economy on the right track so that we value the right things – including the care work of millions of women and girls – instead of billionaires’ wealth.

“Extreme inequality exists because we have designed our economies to spiral wealth to the very richest people, at the expense of ordinary people. But we can build an economy that values everyone, not just the wealthy elite.

“Governments use tax revenue to invest in the public services that are vital to reducing inequality and poverty. By taxing wealth properly and increasing investment in public services, we can recognise women’s care work for the massive contribution it is to our societies, and help reduce the unfair burden of care work on women so they can get an education, earn a decent living, and have a say in how our societies are run.

“Let’s reset the economy to look after each other, not billionaires’ fortunes. Properly taxing wealth can help us do that.”

 

Notes

The report, summary and methodology document explaining how Oxfam calculated the figures is available here.

Oxfam’s calculations are based on the most up-to-date and comprehensive data sources available. Figures on the share of wealth come from the Credit Suisse Research Institute’s Global Wealth Databook 2019. Figures on the very richest in society come from Forbes’ 2019 Billionaires List. Billionaire wealth fell in the last year but has since recovered.

Oxfam is part of the Fight Inequality Alliance, a growing global coalition of civil society organisations and activists that will be holding events from 18-25 January in 30 countries, including India, Kenya, Mexico, Pakistan, South Africa, Uganda and the UK, to promote solutions to inequality and demand that economies work for everyone.

Currencies were converted using Reserve Bank of New Zealand figures on 31 December 2019.

 

Oxfam Report: Time to Care

Economic inequality is out of control. In 2019, the world’s billionaires, only 2,153 people, had more wealth than 4.6 billion people. This great divide is based on a flawed and sexist economic system that values the wealth of the privileged few, mostly men, more than the billions of hours of the most essential work – the unpaid and underpaid care work done primarily by women and girls around the world. Tending to others, cooking, cleaning and fetching water and firewood are essential daily tasks for the wellbeing of societies, communities and the functioning of the economy. The heavy and unequal responsibility of care work perpetuates gender and economic inequalities.

This has to change. Governments around the world must act now to build a human economy that is feminist and values what truly matters to society, rather than fuelling an endless pursuit of profit and wealth. Investing in national care systems to address the disproportionate responsibility for care work done by women and girls and introducing progressive taxation, including taxing wealth and legislating in favour of carers, are possible and crucial first steps.

PDF icon Click here to read the summary of Oxfam’s new report ‘Time to Care’

PDF icon Click here to read the full ‘Time to Care’ report

PDF icon Click here to read about the report’s methodology