The richest 10% of Americans' income has generated 40% of US carbon emissions, a new study found.
Tax shareholders rather than focusing on consumers, the study authors argue.
How much carbon emissions are produced in the supply chain to create the earnings of each income group, pre-tax.
Not only was the top 10% earners' income generating over 40% of emissions, but the income of the top 1% was responsible for 15%-17% of emissions, they found.
In the US, multiple proposals for a carbon tax have been introduced in Congress.
Persons:
Peter Unger, Patrick T, Fallon, Jared Starr, Starr, Carlo Allegri, That's
Organizations:
Investments, Service, Getty Images, Getty, University of Massachusetts Amherst, International Monetary Fund
Locations:
Manhattan