Richest 1% have Blown Through their Fair Share of Carbon Emissions for 2026 –in just 10 Days

Credit: Oxfam

By Oxfam
LONDON, Jan 13 2026 (IPS)

The richest 1% have exhausted their annual carbon budget – the amount of CO2 that can be emitted while staying within 1.5 degrees of warming – only ten days into the year, according to new analysis from Oxfam. The richest 0.1% already used up their carbon limit on the 3rd January.

This day – named by Oxfam as ‘Pollutocrat Day’ – highlights how the super-rich are disproportionately responsible for driving the climate crisis.