According to a new University of Massachusetts Amherst (UMass Amherst) study, Americans whose income is in the top 10 percent are responsible for 40 percent of the total greenhouse gas emissions in the country. It’s the first study to connect income with the emissions used to generate it.
The researchers focused on earnings derived from financial investments and recommended taxes be adopted that hone in on investment incomes’ carbon intensity, a press release from UMass Amherst said.
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