A recent study estimates that the world's largest companies have caused approximately $28 trillion in climate-related damage. The research aims to provide a clearer framework for holding major carbon-emitting firms accountable for global warming.
The study, conducted by researchers at Dartmouth College, identified 111 major companies responsible for the damage. More than half of the total damages are attributed to ten fossil fuel producers, including Saudi Aramco, Gazprom, and Chevron.
Researchers calculated that each 1% share of greenhouse gases added to the atmosphere since 1990 has generated about $502 billion in damages from heat-related effects. The study's findings sharpen the scientific basis for demanding financial accountability from corporate polluters.