Top 10% generate climate and biodiversity damage bill that exceeds economies of most countries, say researchers

The environmental damage bill racked up by the highest-consuming 10% of the world’s population has reached up to $5.7tn a year – larger than the economy of every country except the US and China, a study has found.

Mega-consumers in this group are concentrated in the global north, accounting for more than half the population of the US and 40-45% of people in the EU.

Third of world’s energy needs should come from electricity by 2035, says Murat Kurum, as priorities set out for this year’s UN climate summit

The world should aim to meet a third of its energy needs from electricity within a decade to cut greenhouse gas emissions, the host of the next UN climate summit has said.

While about a third of global electricity generation already comes from renewable sources, other energy-intensive sectors – chiefly transport, heating and industries – have lagged behind. Close to four-fifths of final energy still comes from fossil fuels, as a result.