More than a decade ago, developed countries pledged to mobilize $100 billion a year by 2020 to help developing countries adapt and reduce their emissions. The goal is an essential element of the Paris Agreement. By the end of 2020, Oxfam`s 2020 Climate Finance Shadow Report provides an assessment of progress towards this goal. A September report found that between 1990 and 2015, the richest 1% of the world`s population was responsible for twice as many carbon dioxide emissions as the world`s poorest half. „The EU`s CARBON REDUCTIONS have been achieved by the poorest Europeans, while the richest have had the right to do so. But now everyone must throw their full weight to reduce the emissions needed over the next decade,“ said Tim Gore, head of climate policy and co-author of the Oxfam report. Differences can also be observed between member states with the richest 10% of citizens in Germany, Italy, France and Spain – around 25.8 million people – which together are responsible for the same emissions as the entire population of 16 Member States – around 84.8 million people. It shows that the richest 10% of Europeans are responsible for more than a quarter of emissions – as well as the poorest half combined – and that the richest 1% produce 7% of emissions. Gas SUVs must be banned because the rich contribute disproportionately to greenhouse gas emissions in Europe, says Oxfam`s Tim Gore [Tama66/Pixabay] Between 1990 and 2015, global carbon emissions increased by 60% and are now on the verge of exceeding 1.5°C. The poorest half of Europeans have cut their emissions by almost a quarter, while emissions from the richest 10% continue to rise, making tackling carbon inequality a key part of the EU`s climate goals, according to a new report by Oxfam and the Stockholm Environment Institute. Middle-income Europeans, who earn between €20,000 and €40,999 a year, are responsible for almost half of emissions, a 13% reduction. Clean energy benefits the environment. By 2040, according to various forecasts, Africa could achieve a 27% reduction in carbon dioxide emissions.