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G20 report warns climate change could increase global top 1% wealth share to 46% by 2050.

International | Dated: 06 Nov 2025

A report by the G20 Extraordinary Committee of Independent Experts on Global Inequality warned that climate change could drastically worsen wealth inequality. The report projects that the share of wealth held by the global top 1% could increase from 38.5% today to 46% by 2050 if climate investments are concentrated solely among the richest individuals. To address this, the report recommends a global ban on new fossil fuel investments and calls for major public investment in low-carbon infrastructure to ensure an equitable climate transition.

🎯 Key Highlights:

  • The report was published by the G20 Extraordinary Committee of Independent Experts on Global Inequality.
  • The report projects the wealth share of the top 1% could reach 46% by 2050.
  • The report suggests a global ban on new fossil fuel investments.

💡 Other Important Facts:

  • The report calls for a financial investment tax on the carbon content of assets.
  • It addresses the dual challenges of climate crisis and wealth inequality.
  • The committee is composed of independent experts.

📚 Test Your Knowledge:

The G20 report was published under the presidency of which country?

Correct Answer: South Africa

🚀 Quick Recap:

About G20 Report

  • (i) Focus – Climate Crisis and Wealth Inequality (ii) Current Top 1% Share – 38.5%
  • (iii) Key Recommendation – Public investment in low-carbon infra (iv) Presidency – South Africa