Professor Peter Newell on why the wealthy need to act on climate change
Professor Peter Newell made waves earlier this year with a report describing how the wealthy have a disproportionate impact on climate change – and a particular duty to change their habits. The lead author of the Cambridge Sustainability Commission report on Scaling Behaviour Change speaks to Candice Tucker about the power of protest, how duty increases with wealth, and the the need for radical action
Professor Peter Newell
LUX: What is the single most effective non-philanthropic act ultra-high net worth individuals can do to help combat climate change"
Peter Newell: There are many things ultra-high net worth individuals can do to combat climate change. These range from, firstly, reducing emissions associated with their lifestyles, from flying less, avoiding unnecessary travel and changing the way they travel (switching to electric cars, for example) to owning fewer and smaller homes; secondly, withdrawing investments in the fossil fuel economy and investing in low carbon alternatives and thirdly, using their political influence (through access to politicians and donations to political parties) to push for more ambitious climate change. Follow LUX on Instagram: luxthemagazine
LUX: To encourage a shift towards a low-carbon economy, should charitable institutions including museums and universities reject donations from companies with poor environmental profiles"
Peter Newell: Yes, companies driving the climate crisis are increasingly losing their social li...
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