Global South demands action at COP27: 鈥楥apitalism will not cure the climate crisis鈥

November 15, 2022
Issue 
A Sydney climate protest
A Sydney climate protest demands action during COP27. Photo: Zebedee Parkes

Latin American leaders used the United Nations climate conference (COP27) in Egypt to highlight the global capitalist system as the cause of the climate crisis and demand that rich countries take meaningful action. They join the voices from the global South 鈥 who bear the brunt of climate impacts while having contributed the least 鈥 in calling for an end to fossil fuels.

Colombian President Gustavo Petro criticised the capitalist 鈥渟olutions鈥 to the climate crisis and reiterated that only large-scale mobilisations will force the required transition away from fossil fuels, in his at COP27 on November 7.

鈥淧olitical leaders have failed to stop the cause of the climate crisis,鈥 Petro said, 鈥渂ecause the solution to the climate crisis entails stopping the consumption of oil and coal, and that implies a deep transformation of the economy and a devaluation of powerful interests in that economy鈥.

Petro proposed a 10-point plan to tackle the climate crisis, including phasing out fossil fuels, ramping up climate financing and peace negotiations.

鈥淭he market is not the main mechanism to overcome the climate crisis,鈥 he said. 鈥淭he market and the accumulation of capital produced it, and they will never be its cure.鈥

Many climate activists denounced the presence of fossil fuel companies at COP27. Nigerian environmentalist and author Nnimmo Bassey told a November 12 demonstration within the COP27 site at Sharm El Shaikh: 鈥淲e are not here to entertain the polluters. We want the polluters kicked out of the COP.鈥

The world鈥檚 20 largest fossil fuel companies 鈥 many of which claim to support the Paris Agreement and efforts to limit global warming 鈥 are planning to invest on developing new oil and gas fields over the next nine years.

Greenwashing

Climate conferences provide an opportunity for big polluters to greenwash their activities and put forward their 鈥渕arket-based solutions鈥 to the climate crisis. More than 600 were registered to attend COP27 鈥 hundreds more than Indigenous and African delegations.

鈥淚t is the mobilisation of humanity that will correct the path, not the agreement of technocrats influenced by the interests of coal and oil companies,鈥 Petro said. 鈥淭he solution is a world without oil and coal.鈥

Petro previously pledged to phase out Colombia鈥檚 oil and gas production, including a on new licences for hydrocarbon exploration. His government announced legislation last month to significantly raise taxes on oil and gas companies and provide $200 million every year to protect the Amazon Rainforest.

Petro denounced the agreements made between the institutions of global capital that constrain climate action and subjugate poor countries to trading laws established to benefit transnational corporations.

鈥淭he founding treaties of the World Trade Organization and International Monetary Fund go against the solution for the climate crisis,鈥 Petro said. 鈥淎s long as we maintain the current World Trade Organization treaty, we will not move forward.鈥

Venezuelan President Nicol谩s Maduro Petro, calling for 鈥渃oncrete, urgent and immediate actions鈥 to tackle the climate crisis. He highlighted the unequal contribution to global greenhouse gas emissions between the world鈥檚 richest and poorest.

鈥淲ithout a doubt, human civilisation is responsible for the serious consequences that the planet is experiencing today,鈥 he said. 鈥淗owever, this statement is incomplete and would be hypocritical if it is not detailed that this civilisation is profoundly unequal.

鈥淚t is made up of countries that have been indiscriminately exploiting the planet鈥檚 natural resources for two centuries, while others barely have enough to feed themselves and persist under a pre-industrial mode of production.鈥

Rich countries have cumulatively contributed the most to global carbon dioxide (CO2) emissions. The United States alone is responsible for 20% of CO2 emissions since 1850, according to by Carbon Brief. The next highest historical emitters are China (11%) and Russia (7%).

Big polluters

Just five companies 鈥 Chevron, Shell, BP, TotalEnergies and ExxonMobil 鈥 are responsible for about of historic global CO2 emissions, which is more than 28 times the collective emissions of the world鈥檚 poorest countries.

The world鈥檚 wealthiest countries (G20) are currently responsible for about 80% of global greenhouse gas emissions.

The world鈥檚 richest people are responsible for the bulk of emissions. The poorest 50% contribute just 12% to global emissions, while the richest 1% make up nearly 20% of emissions.

Billionaires, although a relatively tiny fraction of the world鈥檚 population, contribute hugely to emissions through their lifestyles 鈥 private jets, yachts, helicopters, mansions 鈥 and investments in polluting industries.

An found that the carbon footprints of the world鈥檚 wealthiest 125 billionaires are, on average, more than a million times more than those of the bottom 90% of people.

鈥淭he abysmal inequality between the countries of the so-called first world and the rest has increased and deepened in recent decades at the same pace as environmental destruction,鈥 Maduro said. 鈥淭here is a connection between the environmental crisis and global poverty.

鈥淭he indiscriminate exploitation of renewable and non-renewable resources, in addition to producing environmental misery, is responsible for social misery on a planetary scale, since it exacerbates it.鈥

Maduro drew parallels between the current environmental imbalances and the inequality and injustice created by capitalism.

鈥淎 system that normalises exploitation among human beings has no ethical conditions to respect other forms of existence," he said. "Capitalism sees resources where other cultures see life and the sacred. It therefore feels entitled to possess and destroy everything in its path.鈥

In their speeches, Maduro and Petro advocated for the protection of the Amazon Rainforest from deforestation, mining and pollution. Just hours after Maduro鈥檚 speech, they a call for a broad alliance to stop the destruction of the Amazon.

The participation of newly elected Brazilian President Luiz Inacio 鈥淟ula鈥 da Silva in the alliance will be 鈥渁bsolutely strategic鈥, Petro said. Under far-right, climate change-denying former president Jair Bolsonaro, deforestation in the Amazon rose rapidly 鈥 about 13% of the Amazon rainforest鈥檚 biomass has already been cleared.

You need 一品探花, and we need you!

一品探花 is funded by contributions from readers and supporters. Help us reach our funding target.

Make a One-off Donation or choose from one of our Monthly Donation options.

Become a supporter to get the digital edition for $5 per month or the print edition for $10 per month. One-time payment options are available.

You can also call 1800 634 206 to make a donation or to become a supporter. Thank you.