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Time to end extreme inequality
by Oxfam International
 
Economic inequality has reached extreme levels
 
From Ghana to Germany, Italy to Indonesia, the gap between rich and poor is widening. In 2013, seven out of 10 people lived in countries where economic inequality was worse than 30 years ago, and in 2014 Oxfam calculated that just 85 people owned as much wealth as the poorest half of humanity.
 
Extreme inequality corrupts politics and hinders economic growth.
 
It exacerbates gender inequality, and causes a range of health and social problems. It stifles social mobility, keeping some families poor for generations, while others enjoy year after year of privilege. It fuels crime and even violent conflict. These corrosive consequences affect us all, but the impact is worst for the poorest people.
 
In Even it Up: Time to End Extreme Inequality Oxfam presents new evidence that the gap between rich and poor is growing ever wider and is undermining poverty eradication.
 
If India stopped inequality from rising, 90 million more men and women could be lifted out of extreme poverty by 2019.
 
This report delves into the causes of the inequality crisis and looks at the concrete solutions that can overcome it. Drawing on case studies from around the world the report demonstrates the impact that rising inequality is having on rich and poor countries alike and explores the different ways that people and governments are responding to it.
 
The world has woken up to the gap between the rich and rest and are already demanding a world that is fairer. This report supports a new campaign to join this growing movement to end extreme inequality and Even it up.
 
"The extreme inequalities in incomes and assets we see in much of the world today harms our economies, our societies, and undermines our politics. Whilst we should all worry about this it is of course the poorest who suffer most, experiencing not just vastly unequal outcomes in their lives, but vastly unequal opportunities too. Oxfam''s report is a timely reminder that any real effort to end poverty has to confront the public policy choices that create and sustain inequality." - Professor Joseph Stiglitz, Columbia University, winner of Nobel Prize for Economics
 
"This report from Oxfam is a stark and timely portrait of the growing inequality which characterises much of Africa and the world today... It contains many examples of success to give us inspiration. I hope that many people from government officials, business and civil society leaders, and bilateral and multilateral institutions will examine this report, reflect on its recommendations and take sustained actions which will tackle the inequality explosion." - Graça Machel, Founder of the Graça Machel Trust
 
http://www.oxfam.org/en/pressroom/pressreleases/2015-09-21/inequality-trapping-hundreds-millions-extreme-poverty http://www.oxfam.org/en/research/time-end-extreme-inequality http://www.oxfam.org/sites/www.oxfam.org/files/file_attachments/cr-even-it-up-extreme-inequality-291014-en.pdf


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The Earth Statement 2015
by the Earth League
 
The Year of Opportunity for a Sustainable Future
 
2015 is a critical year for humanity. Our civilization has never faced such existential risks as those associated with global warming, biodiversity erosion and resource depletion. Our societies have never had such an opportunity to advance prosperity and eradicate poverty. We have the choice to either finally embark on the journey towards sustainability or to stick to our current destructive “business-as-usual” pathway. Three times this year, world leaders will meet to set the course for decades to come. In July 2015, heads of state meet to discuss Financing for Development.
 
In September 2015, the UN Sustainable Development Goals (SDGs) will be adopted. In December 2015, nations negotiate a new Global Climate Agreement. Decisions made in this single year will be the legacy of our generation. In particular, if we do not succeed in tackling climate change, the sustainable development goals, livelihoods in many parts of the world and the wellbeing of our close and distant kin will be threatened.
 
In 2015, a good climate future is still within reach. If we act boldly, we can safeguard human development. It is a moral obligation, and in our self-­interest, to achieve deep decarbonization of the global economy via equitable effort sharing. This requires reaching a zero-­carbon society by mid-­century or shortly thereafter, thereby limiting global warming to below 2°C as agreed by all nations in 2010.
 
This trajectory is not one of economic pain, but of economic opportunity, progress and inclusiveness. It is a chance too good to be missed. We have just embarked upon a journey of innovation, which can create a new generation of jobs and industries, whilst enhancing the resilience of communities and people around the world.
 
Avoiding Earth Tipping Points
 
We can still avert dangerous climate change. However, we are currently on a warming trajectory that will leave our world irrevocably changed, far exceeding the 2°C mark. This gamble could propel us into completely uncharted waters, with unmanageable sea-­level rise and a vastly different climate, including devastating heat waves, persistent droughts and unprecedented floods.
 
The foundations of our societies, including food security, infrastructure, ecosystem integrity and human health, would be in jeopardy, impacting most immediately the poor and vulnerable.
 
The latest science indicates that there are critical thresholds in the Earth system. Transgressing them may lead to dramatic and irreversible environmental changes. We are probably edging very close to such thresholds and may already have crossed one with regards to melting of parts of Antarctica. Sea-­level rise of more than one meter due to this event alone may be inevitable.
 
Tipping points can also lead to feedbacks and self-­amplified climate change, pushing warming far beyond current estimates. No dollar price tag could ever measure the resulting human suffering and loss of countries, cultures and ecosystems.
 
Crossing Civilization Tipping Points
 
A new global citizens movement is heeding the scientific evidence, demanding immediate climate action. Societies across the world have given political leaders a mandate and a responsibility to act for a safe climate future now.
 
Informed by scientific knowledge, inspired by economic assessments and guided by the moral imperative, we call on world leaders to work towards the following eight essential elements of a Paris Agreement and associated set of actions and plans that would represent a global turning point in December 2015:
 
Eight Essential Elements of Climate Action in Paris
 
Governments must put into practice their commitment to limit global warming to below 2°C. We should aim to stay as far below it as possible, since even 2°C warming will cause significant damage and disruption. However, we are currently on a path to around 4°C warming by 2100, which would create unmanageable environmental challenges.
 
If we do not act now, there is even a 1 in 10 risk of going beyond 6°C by 2100. We would surely not accept such a high risk of disaster in other realms of society. As a comparison, such a 1 in 10 probability is the equivalent of tolerating about 10,000 airplane crashes every day worldwide!
 
The remaining global carbon budget – the limit of what we can still emit in the future –­ must be well below 1000 Gt CO2 to have a reasonable chance to hold the 2°C line. Humankind has already emitted around 2000 Gt CO2 since the beginning of industrialization.
 
Respecting the global carbon budget means leaving at least three quarters of all known fossil fuel reserves in the ground. With current emissions trends, the remaining 1000 Gt CO2 would be used up within the next 25 years.
 
We need to fundamentally transform the economy and adopt a global goal to phase out greenhouse gases completely by mid-­century. Deep decarbonization, starting immediately and leading to a zero-­carbon society by 2050 or shortly thereafter, is key to future prosperity.
 
This long-­term goal, paired with strong national commitments, including a price on carbon, and a possibility to ramp up ambition via regular reviews, are essential elements of the Paris agreement. Fossil fuel subsidies should be removed urgently, and investment should be redirected to spark a global renewable energy revolution, warranting energy access for all and particularly for those most in need.
 
Equity is critical for a successful global agreement in Paris. Every country must formulate an emissions pathway consistent with deep decarbonization. For the sake of fairness, rich countries and progressive industries can and should take the lead and decarbonize well before mid-­century. Developing countries should formulate plans far beyond what they can be expected to pursue on their own, reaping benefits from leapfrogging into a sustainable economy, well supported by international climate finance and technology access. Safeguarding the right to development of the Least Developed Countries (LDCs) is fundamental.
 
We must unleash a wave of climate innovation for the global good, and enable universal access to the solutions we already have. The unprecedented challenge of climate change requires unprecedented technological advances. We need targeted research, development, demonstration and diffusion (RDD&D) of low-­carbon energy systems and sustainable land use, and capacity building to enhance access for those most in need.
 
International cooperation, stringent laws and standards, public and private investments and clear economic incentives are all crucial steps in the global transition.
 
We need a global strategy to reduce vulnerability, build resilience and deal with loss and damage of communities from climate impacts, including collective action and scaled-­up support. With 1°C of warming already having taken place, many societies are challenged by water scarcity, shifting rain patterns and other impacts.
 
This poses a threat to human development in all countries, particularly among the poorest and most vulnerable. A 2°C or more warming of the planet would impose huge social and economic burdens that need to be shouldered through international solidarity.
 
We must safeguard carbon sinks and vital ecosystems, which is as important for climate protection as the reduction of emissions. Cutting down forests and degrading grasslands and aquatic systems is like killing our best allies in the fight against climate change. A precondition for sustainability is the strengthening, not the weakening of the resilience of natural and managed ecosystems and food production systems.
 
We must urgently realize new scales and sources of climate finance for developing countries to enable our rapid transition to zero-­carbon, climate-­resilient societies. This includes additional public funding for mitigation and adaptation at a level at least comparable to current global ODA (around 135 billion USD p.a.).
 
Innovative schemes such as globally funded renewable energy feed-­in tariffs are required. The private sector must be encouraged to mobilize substantially larger sums. Governments should engage with banks and pension funds, enabling a shift to climate-­friendly investments. Global and national climate funding must be effective, transparent and accountable.


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