PEARSON PLC ORD 25P  PSON.L 
$1,018.00  $4.00  0.39%  
DIAGEO PLC ORD 28 101/108P  DGE.L 
$2,542.50  $45.00  1.74%  
RECKITT BENCKISER GROUP PLC ORD  RKT.L 
$4,600.00  $47.00  1.03%  
LLOYDS BANKING GROUP PLC ORD 10  LLOY.L 
$58.26  $0.9  1.52%  
MELROSE INDUSTRIES PLC ORD GBP0  MRO.L 
$434.70  $12.40  2.77%  
FRESNILLO PLC ORD USD0.50  FRES.L 
$619.00  $5.50  0.88%  
NATWEST GROUP PLC ORD 107.69P  NWG.L 
$348.60  $5.70  1.61%  
WEIR GROUP PLC ORD 12.5P  WEIR.L 
$2,122.00  $34.00  1.58%  
STANDARD CHARTERED PLC ORD USD0  STAN.L 
$821.80  $18.80  2.24%  
ENDEAVOUR MINING PLC ORD USD0.0  EDV.L 
$1,669.00  $23.00  1.36%  
OCADO GROUP PLC ORD 2P  OCDO.L 
$394.90  $10.10  2.49%  
ANGLO AMERICAN PLC ORD USD0.549  AAL.L 
$2,281.50  $163.50  6.69%  
ASHTEAD GROUP PLC ORD 10P  AHT.L 
$5,724.00  $76.00  1.35%  
SEGRO PLC ORD 10P  SGRO.L 
$831.00  $0.2  0.02%  
BAE SYSTEMS PLC ORD 2.5P  BA.L 
$1,291.50  $9.50  0.73%  
VODAFONE GROUP PLC ORD USD0.20   VOD.L 
$73.84  $0.66  0.89%  
HSBC HOLDINGS PLC ORD $0.50 (UK  HSBA.L 
$666.00  $29.20  4.20%  
GLENCORE PLC ORD USD0.01  GLEN.L 
$417.50  $20.00  4.57%  
ROLLS-ROYCE HOLDINGS PLC ORD SH  RR.L 
$527.60  $1.00  0.19%  
UNITE GROUP PLC ORD 25P  UTG.L 
$909.00  $7.50  0.82%  
ANTOFAGASTA PLC ORD 5P  ANTO.L 
$1,888.00  $102.50  5.15%  
CRODA INTERNATIONAL PLC ORD 10.  CRDA.L 
$4,161.00  $59.00  1.40%  
KINGFISHER PLC ORD 15 5/7P  KGF.L 
$310.00  $3.00  0.96%  
SPIRAX GROUP PLC ORD 26 12/13P  SPX.L 
$6,945.00  $165.00  2.32%  
TAYLOR WIMPEY PLC ORD 1P  TW.L 
$160.60  $1.80  1.11%  
WPP PLC ORD 10P  WPP.L 
$769.40  $10.00  1.28%  
RIO TINTO PLC ORD 10P  RIO.L 
$5,044.00  $256.00  4.83%  
HOWDEN JOINERY GROUP PLC ORD 10  HWDN.L 
$883.00  $13.50  1.51%  
MONDI PLC ORD EUR 0.22  MNDI.L 
$1,403.50  $25.50  1.78%  
HARGREAVES LANSDOWN PLC ORD 0.4  HL.L 
$1,080.50  $0.5  0.05%  
BARRATT DEVELOPMENTS PLC ORD 10  BDEV.L 
$482.10  $0.8  0.17%  

Ultra-Consumerism Threatens Global Climate Crisis Leads To Alarming Future of Inequality

by Violet Dawson
0 comments

The next few years will be more challenging in the light of climate

The authors of the Earth Commission claim that even though the Earth has beyond a series of safe planetary boundaries due to increasing environmental degradation and climate instability, it is still possible to create a safe place where everyone can flourish.

All humankind could enjoy a bright and democratic future, but the space for development is fast contracting due to demand from a minority of wealthy ultra-consumers.

To achieve a more equitable distribution of resources, the widespread adoption of low-carbon and sustainable use of technology needs a radical transformation of global politics, economics, and society.

Restrict excessive consumption and increase taxes to reduce inequality and increase revenue for investment in technology and infrastructure.

A study aimed to map out how a planet of 7.9 billion people could live within safe boundaries while still accessing basic needs like food, water, energy, shelter, and transportation.

The study says that the fair floor of basic living standards includes 2500 calories of food, 100 liters of water, and 0.7 kWh of electricity in addition to 15 square meters of living area and 4,500 kilometers of annual transportation.

Then, they calculated, using planetary boundaries as a guide, the amount of space between this and the safety ceiling of the maximum amount that human activity could alter without destabilizing the ecosystem.

The results showed that all people can’t live a healthy life due to highly unequal fossil fuel-intensive social and environmental conditions. The impact is disproportionately felt by the poor.

The places where people are at the most risk from population, water scarcity, biodiversity loss, and climate change are Brazil (79 million), Indonesia (194 million), and India (1 billion).

More than 200 million people are also at risk of high wet bulb temperatures in China, India, and Pakistan due to a 1-2 degree Celsius increase in global temperatures above preindustrial levels.

The next few years will be more challenging in the light of climate. If significant changes are not made by now, there won’t be any safe spaces left by 2050. It implies that Earth will remain outside the climate limit in 2050, even if everyone has access to the resources required to achieve a basic standard of living.

The director of the Potsdam Institute for Climate Impact Research warned that the environment has reached its critical point, comparing it to a ceiling so low and a floor so high that there is no room for any activity. He stated that economic and social reforms must be taken urgently in response to the alarming reality.

Reducing excessive consumption, especially in wealthier nations, can create more opportunities for others. It is observed that people tend to consume less in economic systems that prioritize public health, equality, and democracy. By reducing the demand, emissions can be reduced by 40-80% leading to improvement in human and environmental welfare. 


Some strategies to achieve these goals include progressive taxation, grade resource pricing, land-use planning, and green technologies. These strategies aim to shape economic systems to achieve long-term sustainability goals while addressing inequality.

Cities and businesses have a better chance of bringing these changes soon since they are less reliant on business interests and more flexible than national governments. On the other hand, global efforts like the UN Secretary-General called for a solidarity pact, and the reform of the UN could help ensure fair access to resources and create reasonable and safe regulations.

Despite rising inequality and nationalist politics, it is hopeful that public opinion and governments can change, especially under intensifying climate stress. Being fair is essential for economic stability. Ignoring it will lead to social instability, migration, and conflict, negatively impacting the economy.

You may also like

Leave a Comment

Subscribe to Our Newsletters

We are a UK-based business awards firm that specializes in recognizing and celebrating exceptional achievements across various sectors. Our team of experts is dedicated to delivering world-class services, including event management, judging, and award design. With a focus on quality and excellence, we aim to showcase the best of international businesses and inspire future success.

Contact us: [email protected]

© 2022 – The Business Pinnacle. All Right Reserved. Developed by Aapta

The Business Pinnacle