A new study reveals that the wealthiest Americans, those whose income places them in the top 10% of earners, are responsible for 40% of the nation's total greenhouse gas emissions. The study links income, especially income derived from financial investments, to the emissions used in generating that income. The authors suggest that policymakers adopt taxes focused on shareholders and the carbon intensity of investment incomes in order to equitably meet the goal of keeping the global temperature to 1.5 C of warming.
