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Tackling the twin challenges of climate change and inequality

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21.01.2019

As the elite descends on Davos for this year's World Economic Forum, the world faces a twin crisis of rising inequality and climate disruption.

Already this year Thailand has seen its worst storm in 30 years rip through coastal areas. In the Alps, just east of Davos, extreme weather is causing snow chaos. Meanwhile, the world's richest one percent took home 82 percent of all new wealth last year and, according to the World Bank, almost half of all people worldwide are one medical bill or crop failure away from destitution. Inequality continues to rise as the world warms.

These crises are interlinked. The richest 10 percent are responsible for nearly half of carbon emissions caused by consumption, and yet all around the world, it's the poor and marginalised that are most at risk from the devastating effects of climate change.

Growing inequality and rising climate disruption are both the result of the "profit first" neoliberal economic model Davos elites have adopted in recent decades. The good news is that also means addressing........

© Al Jazeera