Oxfam says investing by rich in disaster recovery widens inequality and gives incentive to delay climate action
- The world's wealthiest individuals are profiting from both the causes and consequences of the climate crisis, according to an Oxfam report.
- This 'double dividend' from polluting industries and the booming 'adaptation economy' incentivizes delaying climate action and exacerbates global inequality.
- Oxfam calls for higher taxes on the wealthy and polluting companies, and for a shift in climate financing from loans to grants.
Topics: Asset types, Scalability, Institutional adoption, Alternative assets, Institutional capital inflows, Asset manager initiatives
Tags: #climatecrisis #oxfam #inequality #superrich #profiteering #disasterrecovery #emissions #assetmanagers #blackrock #vanguard