A new report by anti-poverty charity Oxfam has found that the richest 1% of the world’s population was responsible for more carbon pollution in 2019 than the poorest 66%. The report, which was released on Monday noted that 2019 was the most recent year for which data was available.

According  to the research, roughly 77 million people, including billionaires, and millionaires, down to those who earn more than $140,000 per year, generated about 16% of the global consumption emissions for the year 2019, which was an amount which exceeded more than all car and road transport emissions.

The charity predicted that their consumptive emissions would lead to 1.3 million heat-related excess deaths, which is about equivalent to the population of Dublin, Ireland. It added that most of the deaths would occur between 2020 and 2030.

Amitabh Behar, Oxfam International interim Executive Director said, “The super-rich are plundering and polluting the planet to the point of destruction, leaving humanity choking on extreme heat, floods and drought.”

Behar noted, “For years we’ve fought to end the era of fossil fuels to save millions of lives and our planet. It’s clearer than ever this will be impossible until we, too, end the era of extreme wealth.”

The report added that someone in the bottom 99% would need about 1,500 years to produce as much carbon pollution as the richest billionaires do in a single year.

By Oxfam’s calculations, a 60% tax on the incomes of the richest 1% would reduce consumptive emissions by more than the entirety of the UK’s emissions, as it would simultaneously generate a $6.4 trillion budget to facilitate the transition to greener forms of energy.

Behar added, “Not taxing wealth allows the richest to rob from us, ruin our planet… Taxing extreme wealth transforms our chances to tackle both inequality and the climate crisis.”