could a seal to cap and trade program for individuals help we investigate climate change and the rich close up next on d, w as you go to this is the thought they will gray. he will be able to chime pick to feel out a campus publishing houses in whole 300 julian backhouse is headed to frankfort with a staff member. they're traveling by private jet. vince

ward hung a punch in public transport is pretty gross. at the moment he's sharing a cabin with snotty nose people coughing every waka bins. i avoid it as much as i cancel zaden via logan. it's a short trip from village hoffman to frankfurt. just about 500 kilometers. traveling by private jet may be convenient, but it certainly does the climate no favors. i care about climate change. i don't think about it much if everyone behaved like you and flew as often as you do done with that, then it wouldn't work. but luckily, the population has split into different groups, dime, part of the small fraction that can get away, but it doesn't all. private jets, fast cars. yeah. general, he, the richer people are,

the more they contribute to global warming in their lives the on up on, in the last few years, we've seen that one key element of being wealthy is how much it harms the planet to mush it, how much longer can we afford the indulgent lifestyle of the rich. i'm just reading the article about you and manage a magazine so. very cool. congratulations. julian backhouse is a publisher of finance and business magazines. today he's going to the frankfurt book fair. the flight takes about an hour. what's the flight cost over about $4000.00 euros per hour. so there and back to hours will set you back a 1000 euros more and more rich people travel this way. the number of private jet

flights in germany increased by 9 percent within one here. don't you feel guilty living at the expense of others and other lugs not really the case? i'm not stopping anyone from doing the same. others could do it, but they don't is that okay? for me, it's okay for me and i don't think i'm actively humming anyway. if that were the case, i'd probably think about it more often. but so far i haven't seen how i'm deliberately or actively humming anyone dumb at all. but carbon emissions are harmful to others. in fact, to all of us, a flight by private jet, amidst tons of greenhouse gases. we're already experiencing the consequences of climate change to date. after all, the climate crisis has long since arrived. fires, droughts, floods with increasing

frequency in more and more places. if global warming is not slow down soon, large parts of the earth will become uninhabitable. glover dunwoody due to that, i believe that civilization as we know it would an of the info and certainly our idea of a humane society would be over social 1st in professor hands you are him. shane hoover is one of the most renowned climate researchers in the world. his findings are simple and unequivocal. humans must severely restrict c o 2 emissions. our own survival depends on it. on the sill, i seem to reach that target. we calculate that each person on the planet roy is allotted 3 tons of c o 2 emissions per year by mid century line tones. feel thoughtful for finkelstein. so on average, each person's carbon footprint should be 3 tons of carbon dioxide per year.

this short trip is responsible for 3 tons of emissions. in theory, julian backhouse has used up his entire year c o 2 allowance with this flight alone . he afraid i have some bad news due to heavy rain and it goes back on because the runway is relatively short. we've decided to fly to frankfurt. mind mind would julian doc house cut down on flights and accept a c o 2 cap? that's the same for every one. i think restrictions like that of pointless. we live in a world that affords us a certain abundance, and i think everyone should have the right to enjoy that get out of the loop. and

he does have that right. no one is stopping julian backhouse from flying by private jet as often as he life can contact. he goes by my chauffeur as waiting there already done one. can you send him to find for mine? already done his on his way over. terrific. oh. good. see you later. thank you. very few people can afford private jets or other luxuries which are also the climate. to these few people make a big difference. data shows that the richest one percent of the world's population amid extremely high amounts of greenhouse gases. $8500000000.00 tons per year to put that into perspective,

that's more than the $6100000000.00 tons produced by the entire poor half of the world's population. ah, meanwhile, and the germantown of xander in lower saxony, if you like, line as cycling home from work, flights by private jet, are inconceivable for the klein, family bicycle is the family's main means of transportation. mm. 5 years. we don't want to use our car to much fuel prices are really high and we're thinking about the environment. oh, she has to leave soon to take her daughter to choir practice. emma time to go. her husband works as a cook in a hospital. combined the clients, net monthly income total of about $2600.00 euros. that puts them in the bracket of

lower middle class. come on, come ear headphones. see later that money has always been tied for the klein's. now that prices keep rising, it's becoming a real problem. taking their daughter to choir practice is one of the rare occasions when they use their car. that's mandatory drive to it because emma can't manage it, but i can that time it's hide within probably it's 10 kilometers each way. her diesel car emits 0.005 tons or 5 kilograms of c o. $2.00 and 0, klein would be able to drive her daughter to choir practice $600.00 times before she equal the carbon footprint of a short trip in a private jet. but given the high fuel prices, it's unlikely to come to that the last toil diesel is expensive. it let me spend

more on that and there's less left over for food and clothing. i vinegar. we have to cut back on other things. and i will absolutely my, my mostly it eats into our vacation budget, but alas, toy of, of yet for sun, so that visiting auntie is like going on vacation. she's got a huge pool with alley, the lights above that we still have to drive them out. that cost money to ortiz driving a luxury for you? yeah. it's become one for ah, of we have on people on tighter budgets tend to pull the, the environment less flu

on the other side of germany, nearby. right. members of the german maserati club are meeting up to go for a drive. money seems to be no object here, even in these costly time, it is under amazon to fall if walk special about driving a maserati is the fascination for this car. nasal remarks, i guess you could call me an old petrol head on turn off on driving these vehicles in my free time is a real joy for me to fall in mine of hard thoughts. for many years hina blue worked as an engineer for a large car company. most moratti's got a lot of gas

lou on this weekend, trip alone, i never oil will produce 0.3 tons of c o. 2. theoretically that would equal 110th of his annual c o. 2 allowance just for this one weekend. the groove stops at a car museum or side cover a class set up with more i we hung him at the museum, has 2 floors snow visor, mccleary and motorcycles are on the middle floor. there are a few italian muddles and some majorities mixed in this region. driving

a maserati or saving the climate for the people here. it's a hard overhead decision. the di pressing is the problem of climate change for you does does to linda schema problem of climate change is certainly very pressing. there is no question about that. the scientific evidence we've seen over the last 10 to 15 years english paints have very clear picture on out non pushing, close boot up . yes i oh. but would they give up their joy rides to stop climate change? yeah, mm hm. we're in a climate crisis and you try for fun at a mid c o 2 as a hobby. does it make you think twice the death last bank like the hockey is not that not at all. which mcglynn and i'll tell you why. the oldest,

the v of the cars we drive, i mean classic house vintage council. they are more than 30 years old already. it was in a size the yard there until it is a fought florida. they make up a tiny percentage of all the cars that are registered in germany often. so the losses and all squandering the patterns familiar. every one can see the problem, but not in their own behavior. are strict laws. the only solution immediately go live or if we are radically increase regulations and plan. so they'll only be met with resistance because it will be counter productive. owed us getting to buy the lot that because the people who can afford it will say, no, we refuse a hold of the info. if you can't do this to us, maybe i'm often docile people aren't willing to be deprived of what if, what decades to a change i thought name and not even for the climate debate is definitely not funny . if should some people be allowed to pollute the planet more than others, because everyone must live with the consequences of the climate crisis. the max he

out does does is of the, the stove, whether they are allowed to do it is a moral and ethical question which can be discussed for hours and hours to come on there longer to school. but he doesn't actually help the matter comes the, i'm for the fact is that's the way it is. when is vital, why fucked is does this. so if i miss and we much, and we all cut back to reduce our carbon footprint. i, i'm, you default is bullish. that's of course a fair question about, but for me to actually say, i'll get rid of my vintage car to do something for the environment. clean out. so i can tell you quite frankly, no, i'm not prepared to do that. all that kind of a lot of people here oppose the idea of cut backs or band. they paid their hopes on something else that often totally technology should. we must develop climate friendly technology and climate friendly energy as quickly as

possible internet, as, as in rely on tech over making sacrifices, co, exactly gaz gazelle not to lose uses headquarters. it's very convenient to say that miracle technology will be here one day. do you will that way we can carry on sleeping at night and continue flying and going on cruises and whatnot. but we're lying to ourselves. jada luke lung, fission to touch it. c o 2 emissions. nita fall dramatically waiting for new technologies will take too long, of course, which people are not the only ones polluting the environment. what's more, take you off? yes, please. people with low incomes are especially feeling the rising energy prices. the clients have turned down their heating and they're curious about their carbon footprint. they punch some information into an online seo to calculator to work it out. they answer various questions about their lifestyle eating habits and house

non coin coils, anita poly refurbished. no. i had some type of hating for fossil homes. com. yeah, yes. luke flights within europe. none other again this is says we have a carbon footprint of $6.00 tons of c o. 2 on there, the german average is 10.78 tons. your new sort of bit below that table, 6.99 tons of c o. 2 per person. that puts them well below the german average, but they're still over the 3 ton limit that would be necessary to achieve the climate targets. one big point working against them is their gas heating. yet, then mr. we would need to refurbish the house to save energy and a new sparkle. it's m o n a. get it as on your own or federal retrofitting cavity

wall insulation. hold on demo docs renovating and insulating the roof. is that realistic? no, no, no. what does it cost a lot of and it may not look like it, but the house is poorly insulated. the windows are from the 19 seventies and the walling is more than 100 years old with them. and they notice that when you touch the walls, that will be delivered to heat more in winter than people in a modern house on the only way to substantially cut their carbon emissions would be to invest money. they simply don't have but you'll go south. there's a limit to how much you can save, understand. i think we've basically reached it off for dust us new smuggled any more caught soon we couldn't do anything any more. thus, mon uh, we would lose what little quality of life we have, das pacin basi,

and image quality. tommy alfalfa law. the klein's just don't have the means to invest more in climate protection. they would need support to achieve the 310 target oliver was a saga my. i think it's pretty unfair that we have to scrimp and save while others shell out more and more because they can afford to move. i scared of her. i don't think it's right now. finished nation. ordinal. these figures underscore her point . while the average german emits about 11 tons of greenhouse gases per year, the wealthy produce a great deal more millionaires each image more than $100.00 tons per year. the very richest people on the planet, a small group of global multi millionaires, are responsible for much higher emissions. people with a net worth of more than $20000000.00 euros produce an average of $2300.00 tons of greenhouse gases per year with their yachts villas, flights,

and environmentally harmful investments. in duluth young huffman, in the last few years, we've seen that one key element of being wealthy is how much it harms the planet to chemistry traders. this marina barcelona is a meeting place for the ultra wealthy. stefan gearhart has a business appointment. here he travels a lot and flies frequently, his company's own hotels and apartments all over the world. on law of 8 foot toyed warner, one will have individual apartments all over the world. his miami beach is stumble to me in but to me, georgia and so on. ah, when the lights are on, we thought we could do with one and spin to an invoice for hina. and apartments in may. yorker turned into a boat and barcelona wooden bout saloon. are you on the company yard here in

barcelona is both a hotel and an office for him. stefan gearhart is a multi millionaire. he made his fortune in the tourism industry. i am he all can patch up and only flir, otherwise it gets too hot. the captain always said, certainly he'll get hard is away on business trips. most of the time he flies hundreds of thousands of kilometers per year. that alone results in c o. 2 emissions of well over $100.00 tons per year, which many open tourists must tourism is my business. yeah, i work in the industry that makes its money from people traveling thought, of course you can cut back if a trip isn't necessary for both. but if you need to travel for your job, who would like to keep everything running smoothly, dolphins?

would it be crazy not to us in vines, in this mister, torn what is necessary for the job is obvious for him. climate change please an interesting role than his sector. vehicle is what role just climate change play when you make an investment decision came of under the moon. business. really your finances tricky question really should be of the bones. nicole had a smile a bit at that already. does it from of course we considered tier one, but probably not. and the way you would think him talk, esthetician bravo. we take great, interested in making investments in the tourism sector in places where we think climate change could benefit us once putting palm trees on the baltic coast eisen and missionary san k, or say that so it might be one day long wheel. it's certainly gotten warmer last august was a novel of invoice. well, more give all this up, this and we keep an eye on it said the old far but only in deciding where to invest india so we can take advantage of climate change was tim kalima, bundled scene kernan, tourism, or saving the climate. it's

a conflict of interest gear hard can't and i, he highlights some of his projects, installing solar panels antennas, courts, or sustainably renovating a few hotels. but he been, he knows that won't be enough in the earth's mission with not stupid. i do think about what i could do better summer and had to prevent this impending catastrophe dizzy curtis. what i can do, what everyone can do her somehow. but if i don't know what to do, i'm glad it would be helpful if someone said more than just one. this is what's going to happen. i'm just nervous. i need someone to do what i do as a consultant, to say, here is what we need to do ask and one thing, that's what i'm missing one for this tool. when does fail me? there certainly is one idea, but it wouldn't come cheap for people like stefan gearhart. ah, the damage correct. but i told them every person gets an allowance of 3 tons of c o

2 emissions per year for most, especially if you need to use more, you have to buy it ramo to shift more people who don't really need this amount any way, could sell part of it and earn a little extra healthy him percent of billionaire would have to buy an extra $100.00 tons per year, feel safe for the full employer the to co from is this reasonable? does it border on expropriation douglas onto desk in mind for the greater good has to take precedence idea, but the compromise is right there with my wealth. i can buy the freedom to emit more carbon yield seals, what i have to pay for it. i don't just get it for free stuff is the woman killed dish, but coma driven these ministry for economic affairs is now also responsible for climate action. how does minister hold that? how they exceed the situation?

the shock and no say to any camera you put me in front of we are to lay to the situation is serious. if we reached the tipping point and the climate crises spirals out of control or will me won't just be a question of a slightly lower quality of life. we're talking about a real danger to human life. people will lose their lives, they will be drowned. people will no longer be able to live as they do today. they'll be was, these are all realistic scenarios here. this dishes pub ex, assessment as clear. will he introduces c o 2 cap for every one. he doesn't want to go that far. canceled him. i'm not focused on the question of individual caps and the statistics right now. i'm looking at the concrete matches i can achieve is through renewable energy retrofitting buildings. you name it all is on your humans . of course, all of these measures are necessary. but without wealthy people making major cutbacks, we will never be able to reduce carbon emissions, enough be void and cedar. and what's your plan to get the rich to a metal, a c,

o 2. the puzzle production as a home and product is not manufactured in climate friendly ways have to become more expensive it's year than they will change that on the path that europe as a whole is taking and germany as to what our new turban bought for. go good. as a site, it's a question of equality. if we have a limited amount of c o 2, we can emit if we take the climate target seriously than it should be distributed fairly, that means a cap, her person up griffith horgan, in all social societies. we solve the question of inequality not by prohibiting prosperity work all the acquisition of welfare, but by taxation apples along the describe. but up until now, taxes have not deterred the rich from living their lives of luxury. is it possible we won't succeed in tackling the climate crisis? is it ambitious and demanding? i can't swear that we will succeed, but we definitely can succeed as good. yet,

even ha begs own expert counsel warns that the measure is taken so far are inadequate. and inequality when it comes to carbon emissions will only get worse. while the carbon footprint of most middle class people in the world has stayed about the same for the last 30 years. the emissions of multi millionaires, the richest 0.01 percent in the world has almost doubled in the same time from around $1300.00 tons. to more than $2300.00 tons per person. ah, still most politicians shy away from raining in the rich and yet not doing so restrict the lives of so many more people as king della

live many generations after us. and i think they should have good life to decide. now who to sleep model. it's not just about what is fair, but what is necessary you can, we can only do is if everyone joins in if 10 percent decide not to. there's no point in us doing it. they're the ones destroying things. of course, we all have to fight climate change together. but if the rich don't do their part, this battle cannot be won. ah ah,

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