High income countries in the context of "Atlas method"

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⭐ Core Definition: High income countries

A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$13,935 or more in 2024, calculated using the Atlas method. While the term "high-income" is often used interchangeably with "First World" and "developed country", the technical definitions of these terms differ. The term "first world" commonly refers to countries that aligned themselves with the U.S. and NATO during the Cold War. Several institutions, such as the Central Intelligence Agency (CIA) or International Monetary Fund (IMF), take factors other than high per capita income into account when classifying countries as "developed" or "advanced economies". According to the United Nations, for example, some high-income countries may also be developing countries. The GCC countries, for example, are classified as developing high-income countries. Thus, a high-income country may be classified as either developed or developing. Although Vatican City is a sovereign state, it is not classified by the World Bank under this definition.

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High income countries in the context of Individual and political action on climate change

Individual action on climate change describes the personal choices that people can make to reduce the greenhouse gas emissions of their lifestyles and catalyze climate action. These actions can focus directly on how choices create emissions, such as reducing consumption of meat or flying, or can focus more on inviting political action on climate or creating greater awareness of how society can become greener.

Excessive consumption is one of the most significant contributors to climate change and other environmental issues along with population increase, although some experts contend that population remains a significant factor. High consumption lifestyles have a greater environmental impact, with the richest 10% of people emitting about half the total lifestyle emissions. Creating changes in personal lifestyle, can change social and market conditions leading to less environmental impact. People who wish to reduce their carbon footprint (particularly those in high income countries with high consumption lifestyles), can for example reduce their air travel for holidays, use bicycles instead of cars on a daily basis, eat a plant-based diet, and use consumer products for longer. Avoiding meat and dairy products has been called the single biggest way individuals can reduce their environmental impacts.

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High income countries in the context of Individual action on climate change

Individual action on climate change describes the personal choices that people can make to reduce the greenhouse gas emissions of their lifestyles and catalyze climate action. These actions can focus directly on how choices create emissions, such as reducing consumption of meat or flying, or can focus more on inviting political action on climate or creating greater awareness of how society can become greener.

Excessive consumption is a significant contributor to climate change and other environmental issues, and in 2022 some said population increase is too. High consumption lifestyles have a significant environmental impact, with the richest 10% of people emitting about half the total lifestyle emissions. Creating changes in personal lifestyle, can change social and market conditions leading to less environmental impact. People who wish to reduce their carbon footprint (particularly those in high income countries with high consumption lifestyles), can for example reduce their air travel for holidays, use bicycles instead of cars on a daily basis, eat a plant-based diet, and use consumer products for longer. Avoiding meat and dairy products has been called the single biggest way individuals can reduce their environmental impact while implementing small changes in their daily lives.

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