10 July, 2021

The climate crisis is a political economy problem.

https://adamtooze.substack.com/p/chartbook-newsletter-24

The result is striking: Of the increase in global emissions between 1990 and 2015 half is accounted for by China. Two thirds of that is due to the Chinese middle class. One third down to the Chinese top 10 percent. Those are by far the most dynamic elements in the global emissions map. Other hot spots include the top 10 percent of the population in the Middle East and North Africa and the same group in North America. Rising emissions in India and the rest of Asia contribute almost a quarter of the overall growth but growth is spread across the income distribution.