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Daily Mirror
Daily Mirror
World
Milo Boyd

World's biggest billionaire climate scroungers speeding up global heating

The owner of Chelsea FC blasts as much Co2 into the atmosphere as a third of a million Rwandans, analysis suggests amid a warning that billionaires across the globe are "plundering the planet".

The biggest billionaire carbon scroungers have been revealed in a piece of analysis which puts Russian oligarch Roman Abramovich at the top of the pile.

By steaming around the Mediterranean in his super yacht - one of the largest in the world - and jetting off in a private plane with a 30-seat dining room, the 55-year-old dumps 33,859 tonnes of Co2 into the atmosphere each year, according to Ecowatch.

That is 4,200 times more than the average Brit.

This month Oxfam, launching a separate study, has warned that billionaires like Abramovich must radically cut their personal green house gas emissions if the world is to avoid catastrophic climate change.

The charity has calculated that the luxury yacht sailing 1% will account for 16% of total emissions by 2030, up from 13% in 1990 and 15% of emissions in 2015.

While the average Brit must slash their green house gas output by two thirds to be in line with keeping global warming below 1.5 degrees, the 1% need a 30 times reduction on average.

Some need to go on a much bigger emissions diet. Here we reveal the world's biggest carbon scroungers.

Roman Abramovich - 33,000 metric tonnes of Co2 a year

Abramovich has a hefty bank balance and carbon footprint (UEFA via Getty Images)

The oil and gas trader has an estimated fortune of £14billion and one of, if not the, world's biggest personal carbon footprints.

Abramovich cruises the Mediterranean in his superyacht the Eclipse, which at 162.5 meters bow to stern is the second-biggest in the world, according to Super Yacht Fan.

In addition, he owns the most expensive custom-made superyacht ever constructed - the Solaris - which has helipad, a swimming pool and 48 cabins, and is worth close to £500million.

The oligarch also has a Boeing 767 with a 30-seat dining room for long trips, a Gulfstream G650 jet for shorter rides, two helicopters and a submarine on his yacht.

When not travelling in luxury, Abramovich resides in one of his many homes including a mansion in London's Kensington Park Gardens, a chateau in Cap D'Antibes in France and a 28-acre estate in St. Barts, according to the Daily Star.

With the average Rwandan producing just 0.1 tonnes of Co2 a year - one of the lowest per capita totals globally - Abramovich is responsible for pumping the same amount of green house gases into the air as 338,590 people.

That's more than the total population of Cardiff.

The figure doesn't include emissions from Abramovich's company or those produced in the production of his homes and vehicles, meaning the true total is likely much higher.

David Geffen - 18,000 metric tonnes of Co2 a year

David Geffen bought the sizeable Rising Sun yacht (SIPA USA/PA Images)

Perhaps less well known to British audiences, David Geffen, 78, co-founded Asylum Records and is worth around $10billion.

Among his prized assets is the Rising Sun, a 138m yacht with a gym, a basketball court, a wine cellar and a movie theatre among its 82 rooms.

He also has a nippy Gulfstream G650 private jet.

The American magnate, who also co-founded Dreamworks, is a luxury property aficionado, according to Forbes.

He owns one of New York's most expensive apartments, a house in the Hamptons and the Jack L. Warner estate in Beverly Hills.

Bernard Arnault - 10,000 metric tonnes of Co2 a year

Bernard Arnault is the third richest man in the world (Gamma-Rapho via Getty Images)

The French chief executive of LVMH Moët Hennessy – Louis Vuitton SE is the third richest person in the world, reportedly boasting a hefty $178.4 billion fortune.

His 101 metre, six deck yacht Symphony comes complete with a secondary yacht, a 6-metre glass-bottom swimming pool on the main deck and an outdoor cinema on the bridge.

For those looking to relax, it has a jacuzzi on the sun deck and a sauna.

He also owns a Bombardier Global Express private jet, which is rumoured to cost around £41million.

Arnault has been an outspoken critic of Greta Thunberg, who he accused of “surrendering completely to catastrophism".

“I prefer positive solutions that allow us to get towards a more optimistic position," he added.

The eco-billionaires - Jeff Bezos and Elon Musk

Elon Musk doesn't go on holiday, he claims (Getty)

Perhaps surprisingly, given their interest in the very fuel hungry world of space travel, the Amazon and Tesla founders have relatively small carbon footprints, EcoWatch calculates.

South African-born Musk doesn't own a superyacht and claims not to go on holiday.

He has a relatively modest carbon footprint as of 2018, thanks to his eight houses and one private jet, Ecowatch has calculated.

This year, his carbon footprint would be even lower because in 2020 he sold all his homes.

American Bezos has similar emissions according to the study, largely due to not owning a private ship.

He's likely to shoot up in the rankings soon however, if rumours that he's bought a £370 million superyacht are true.

This month Bezos pledged $2billion (£1.48billion) to restore nature and food systems at Cop26, claiming a trip to space had made him realise how fragile the planet is.

The Oxfam report released this month argues that the carbon hungry lifestyles of billionaires is putting the world in "grave danger" from climate change.

Scientists say that to achieve the goal agreed at the Paris climate summit in 2015, every person on earth will need to limit their CO2 emissions to just 2.3 tonnes by 2030 - roughly half the average carbon footprint today.

The total emissions produced by the richest 10% could be sufficient on their own to exceed the aligned level for 1.5 degrees in 2030, regardless of what the other 90% of people do, the Oxfam study with European Environmental Policy and the Stockholm Environment Institute found.

Jamie Livingstone, the head of Oxfam Scotland, said: "The luxury lifestyles and continued plundering of the planet by the world's richest people are placing us all in ever graver peril.

"The emissions from a single billionaire space flight would exceed the lifetime emissions of someone in the poorest billion people on earth.

"No one is immune from the impact of the climate emergency, but it's the world's poorest who are paying the heaviest price despite contributing least emissions as they battle floods, famines and cyclones."

He demanded: "Global leaders must agree ways to curb excessive emissions and limit global heating and they must do it here and now in Glasgow. Delay costs lives."

Jeff Bezos made a sizeable cash pledge at Cop26 (Getty Images)

Oxfam is calling on nations across the globe to commit to making deeper emissions cuts by 2030, but also ensuring that the richest people make the most radical cuts.

The charity argues that the richest citizens could dramatically speed up action against global warming by not only leading greener lifestyles, but also using their political influence and investments to drive a more low carbon economy.

Tim Gore, author of the new study and head of the low carbon and circular economy programme at IEEP, said: "The global emissions gap to keep the 1.5C Paris goal alive is not the result of the consumption of most of the world's people - it reflects instead the excessive emissions of just the richest citizens on the planet.

"To close the emissions gap by 2030, it is necessary for governments to target measures at their richest, highest emitters - the climate and inequality crises should be tackled together.

"That includes both measures to constrain luxury carbon consumption like mega yachts, private jets and space travel, and to curb climate-intensive investments like stock-holdings in fossil fuel industries."

But Professor Len Shackleton, from the Institute of Economic Affairs think tank, said: "Oxfam's proposals are extremely dangerous in setting a precedent for governments to interfere in private activities on the basis of vague assertions about damage to the planet.

"While it is hardly surprising that billionaires have a larger carbon footprint than the rest of us, it is also true that even the poorest person in the UK has a much higher footprint than a poor person in sub-Saharan Africa.

"The same specious reasoning could be used to forbid ordinary people from holidaying abroad, driving a car, having baths instead of showers, or eating meat."

He added: "This is just another piece of anti-rich 'research' from a charity which would be better engaged sticking to its original and laudable objectives in relieving poverty, rather than engaging in stunts like this."

Roman Abramovich, David Geffen and Bernard Arnault were all contacted for comment.

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