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Since COP26 there has been a change in the media narrative over emissions. It used to be expressed in state terms (developed Vs developing) if even with reference to companies (with 100 companies responsible for 71% of global emissions since 1980 or so).
Now the narrative is shifting to rich people, with the richest 1% responsible for more emissions than the poorest 50% of the global population.
I can see 2 issues:
1) It individualises the issue and ignores systemic casues.
2) It ignores the real sources of emissions. The billionaires may emitt many times more emissions than an ordinary person, but a few thousand billionaires cause a negligible amount of emissions compared to the untold millions of non-poor people living in the rich world.
China isn't the problem. Bill Gates isn't the problem. The British, American and Germany citizenry are.
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