• by Umar Manzoor Shah (nairobi & srinagar, india)
• Thursday, November 05, 2026
• Inter Press Service

NAIROBI & SRINAGAR, India, November 5 (IPS) - The world’s wealthiest people are driving a disproportionate share of climate pollution while poorer communities bear the heaviest costs of floods, heatwaves, food insecurity and other climate disasters, according to a new report by Oxfam International.

The report, Disaster Divide: How Climate Chaos Deepens Inequality and Enriches the Few, published on October 27, 2026, argues that climate change is not simply an environmental crisis. It is also deepening existing economic and social inequalities, leaving people with the fewest resources struggling to survive and recover from increasingly destructive events.

The report highlights a widening divide between those who contribute most to global emissions and those who are most exposed to their consequences. Wealthy households can often afford safer homes, insurance, private transport and alternative accommodation when disasters strike. Poorer families, meanwhile, may lose their homes, livelihoods and savings, sometimes without the means to rebuild them.

“The richest 0.1% of people generate more consumption-based emissions than the poorest 3.5 billion combined,” says the report, highlighting the enormous gap between the environmental footprints of the wealthiest and the world’s poorest populations.

Oxfam argues that addressing the climate crisis requires more than cutting emissions. Governments must also confront the concentration of wealth, improve access to climate finance and ensure that disaster recovery policies protect vulnerable communities rather than disproportionately benefiting those who are already wealthy.

In an exclusive interview with IPS, Mateo Adarve Zuluaga, Global Research and Advocacy Lead at Oxfam GB, said that the report shows that wealth can buy protection from the climate crisis. He said that the richest can purchase safer homes in better-protected communities and easily absorb rising food and water costs, while billionaires go as far as buying islands and building underground bunkers.

“California’s wildfires illustrate this starkly. Early warning systems alert wealthy residents, who hire private firefighters and evacuate by helicopter to five-star hotels, often with bills prepaid by their insurers. Those insurers charge up to six-figure annual premiums, and such policies are typically available only for properties valued above US$1 million.”

According to Zuluaga, poorer communities cannot cope in the same way, and in Altadena, a historically Black and brown middle-class community with a legacy of generational home ownership, many homeowners had no insurance or only partial cover.

He said that when the 2025 wildfires struck, countless families lost their homes, and with them, the main source of wealth built over decades. Desperate, many sold their ruined properties at discounted rates to predatory real estate companies, giving up both financial security and community ties.

“More broadly, for people already living in poverty, every flood, drought, wildfire or heatwave strips away scarce resources, destroying livelihoods and homes and pushing many into debt, displacement or homelessness. Hit by successive shocks, they struggle to recover and fall deeper into poverty. The report calls climate disasters “inequality machines”: a vicious cycle in which inequality creates the conditions for disaster, and disaster in turn deepens inequality. This is the disaster divide.”

When asked if the report estimates that the richest 1% have been responsible for around 20% of global warming since 1990 and that what policy measures should governments introduce to ensure that the wealthiest individuals and major polluters bear a fairer share of the costs of climate change? Zuluaga said that the emissions of the super-rich and major corporations are driving the climate crisis, and together with historically high-emitting rich countries, they carry a responsibility to cut emissions first and fastest.

He added that they must also help redress the damage they have caused, including its impact on low-income countries and people living in poverty.

According to Zuluaga, governments should begin by adopting ambitious national climate plans aligned with the Paris Agreement and the fair share principle, cutting emissions fast enough to keep warming to 1.5°C.

He said that under this principle, the richest countries and the richest individuals, whose emissions far exceed everyone else’s, must lead the way with rapid, deep reductions.

“Taxation is the second key tool. Governments should impose permanent progressive taxes on the wealth and income of the richest 1% and introduce a permanent rich polluter tax on fossil fuel corporations so that profits above a low benchmark face a higher rate. Wealth and income from polluting investments should be taxed at additional higher rates, alongside windfall taxes on excess profits gained through market control. Punitive taxes on high-emitting luxury items and activities, such as private jets, would further discourage the most extreme emissions,” Zuluaga said, adding that finally, governments should regulate corporations and investors to cut emissions radically and fairly.

This means compelling them to disclose their Scope 1, 2 and 3 emissions across operations and supply chains, report regularly on progress, and set ambitious science-based targets with clear pathways for reducing emissions across all scopes in line with the Paris Agreement.

When asked if the research done in the report highlights the role of billionaire investments in high-emission industries and that how governments can hold wealthy investors accountable for climate damage without allowing corporations to shift the costs onto workers and low-income consumers?

Zuluaga termed it part of the just transition dilemma, and it can be addressed by making the wealthiest and most polluting actors pay for their pollution.

“Governments should introduce a polluter profits tax on fossil fuel companies, ensuring renewables become more profitable than fossil fuels, with revenues funding climate action in the Global South. Since the richest 1% have seen their wealth surge by US$33.9 trillion since 2015 while billionaires pay only around 0.3% in real taxes, taxing the super-rich is both feasible and fair. Governments should also end tax abuse by multinationals through effective global tax reforms,” he said.

To protect workers and consumers, energy should be treated as a human right and public good, with public and community ownership, transparency and community oversight guarding against elite capture. Finally, governments should shift away from the “Wall Street Consensus”, which socialises risk and privatises profit, so costs do not fall on ordinary people.

Speaking about the safeguards governments should introduce to ensure that public disaster-relief funds reach vulnerable people rather than reinforcing existing inequalities,

Resilience, according to Zuluaga, should not be measured by how much hardship people can endure but by how well societies look after one another. For too long, he said, the burden has fallen on the poor while the wealthy escape responsibility. To change this, governments must curb corporate power and ensure that climate response serves human needs rather than shareholder profit.

“First, governments should regulate corporate conduct in emergencies through enforceable codes and standards. Profit ceilings or excess profits taxes can prevent firms from profiteering on emergency contracts, while permanent windfall taxes on crisis profiteers, including a polluter profit tax, can fund climate action and be reactivated whenever disaster strikes. Temporary caps on prices and margins for essential goods during declared disasters would protect people at their most vulnerable. Insurance markets also need oversight to prevent excessive premiums or withdrawal of coverage, supported by tools such as government-backed reinsurance, catastrophe pools and affordability programmes.”

Second, he said, food systems require particular attention, and that the governments should stop further market concentration in agricultural inputs and commodities through windfall taxes, ban or tightly regulate speculative trading in food during crises, and cap the prices of essential food and farming inputs in emergencies.

“Finally, the public sector must be strengthened to lead disaster response and recovery, reducing reliance on private contractors. Public finance should take priority over private finance and be delivered as grants rather than loans, so relief does not deepen the debt of affected communities.”

Pubudini Wickramaratne, Land Rights Policy Lead at Oxfam International, in an interview with IPS said that Nepal is a powerful example of one of the greatest injustices of the climate crisis: those who have done the least to cause it are often suffering its worst consequences.

She said that despite contributing less than 0.1% of global greenhouse gas emissions, Nepal is experiencing increasingly severe climate impacts, from glacier melt and flooding to extreme heat and landslides.

“This reflects a much wider pattern across South Asia and the world. The people and countries most exposed to climate disasters are often those with the smallest carbon footprints. Meanwhile, a relatively small, wealthy segment of the global population is responsible for a disproportionate share of emissions. Our report sh

ows that the richest 1% account for around 17% of global emissions, while the richest 0.1% have contributed nearly 400 times more than the poorest half of humanity to the increased likelihood of the extreme heat events we are experiencing today,” Wickramaratne said.

Meanwhile, Oxfam argues that funding should prioritise vulnerable populations and not create additional debt burdens for countries already struggling with climate-related losses.

The report also challenges governments to examine the role of public policy in determining who benefits from economic growth and who bears its environmental costs.

Reducing emissions, it argues, must be accompanied by measures that make societies fairer and better prepared for climate shocks.

The report does not present climate disasters as isolated events that affect everyone equally. Instead, it describes a cycle in which inequality increases exposure to harm, disasters deepen poverty, and the resulting economic losses make future recovery more difficult.

It says that breaking that cycle will require both climate action and policies that address the distribution of wealth and resources.

With climate-related disasters becoming an increasingly pressing challenge for governments worldwide, Oxfam argues that the measure of an effective response should not be limited to the amount of money spent or infrastructure rebuilt.

It should, as per the report, also consider whether people who have contributed least to global warming can access the protection and support they need and whether they are able to recover without being pushed further into poverty.

IPS UN Bureau Report

© Inter Press Service (20261105091330) — All Rights Reserved. Original source: Inter Press Service

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