The personal fortunes of just 782 of the world's wealthiest
people could power half the world—Africa, Latin America, and "most of
Asia"—with 100 percent renewable energy within 15 years, according to anew report. Broken down by continent, it would take the wealth of just 53 rich
people to power all of Africa, and a mere 32 prosperous people could plug in
the vast majority of Latin America.
The analysis from Friends of the Earth International (FOEI) does
not argue "that the wealth of these particular individuals can or should
be directly used to drive the needed energy transformation," the figures
do reveal "a gross injustice" when it comes to global inequality that
should serve as "a shocking and stark reminder that the finance for an
energy transformation is certainly available."
The report points out: "The political will to drive the
transformation is, on the other hand, shockingly absent," as evidenced by
"weak pledges of emission reductions" issued ahead of COP21 climate
change negotiations scheduled to begin later this month.
"Climate change is a symptom of the dysfunction of the
current system, especially the way that we produce, distribute, and consume
energy," the report reads. "An energy system that fails to provide
for billions of people now is clearly a major cause of catastrophic climate
change and sky-high levels of inequality, all at the same time."
"This report is a wake up call for policy makers and
governments," said FOEI program coordinator Sam Cossar-Gilbert. "Our
world faces two destructive and entwined crises—growing inequality and climate
change. The time has come to address them together."
Dipti Bhatnagar, FOEI climate justice and energy
coordinator, declared: "Business as usual is now longer an option. We need
an energy revolution."
Climate change will increase hunger as food prices rise and
food production falters, but we already have widespread hunger on Earth, and
much of it is due not to the failures of nature and farmers, but to the
capitalist system of distribution.
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