Wealthiest 10% of Americans Responsible for 40% of U.S. Greenhouse Gas Emissions, Study Finds

September 1, 2023 EcoVadis EN

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.

Read the full article at: www.ecowatch.com

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EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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