The world’s wealthiest people are not just profiting from the polluting causes of climate breakdown, they are also increasingly cashing in on the catastrophic consequences, according to a study by Oxfam.

The global equality organisation has found that the richest 0.1% of the world’s population are heavily invested in disaster preparedness, recovery and reconstruction – a market that is projected to grow from $70bn to $92bn a year by 2029.

This gives the planet’s wealthiest and most powerful people a “double dividend” from the climate crisis and, more alarmingly, an incentive to delay or disrupt action to solve the problem, the NGO says.