Antidote is Cochabamba Peoples’ Agreement!
CJN! Press release, 10 December, Durban, S. Africa
Decisions resulting from the UN COP17 climate summit in Durban constitute a crime against humanity, according to Climate Justice Now! a broad coalition of social movements and civil society. Here in South Africa, where the world was inspired by the liberation struggle of the country’s black majority, the richest nations have cynically created a new regime of climate apartheid
“Delaying real action until 2020 is a crime of global proportions,” said Nnimmo Bassey, Chair of Friends of the Earth International. “An increase in global temperatures of 4 degrees Celsius, permitted under this plan, is a death sentence for Africa, Small Island States, and the poor and vulnerable worldwide. This summit has amplified climate apartheid, whereby the richest 1% of the world have decided that it is acceptable to sacrifice the 99%.”
According to Pablo Solón, former lead negotiator for the Plurinational State of Bolivia, “It is false to say that a second commitment period of the Kyoto Protocol has been adopted in Durban. The actual decision has merely been postponed to the next COP, with no commitments for emission reductions from rich countries. This means that the Kyoto Protocol will be on life support until it is replaced by a new agreement that will be even weaker.”
The world’s polluters have blocked real action and have once again chosen to bail out investors and banks by expanding the now-crashing carbon markets – which like all financial market Financial market The market for long-term capital. It comprises a primary market, where new issues are sold, and a secondary market, where existing securities are traded. Aside from the regulated markets, there are over-the-counter markets which are not required to meet minimum conditions. activities these days, appear to mainly enrich a select few.
“What some see as inaction is in fact a demonstration of the palpable failure of our current economic system to address economic, social or environmental crises,” said Janet Redman, of the Washington- based Institute for Policy Studies. “Banks that caused the financial crisis are now making bonanza profits speculating on our planet’s future. The financial sector, driven into a corner, is seeking a way out by developing ever newer commodities Commodities The goods exchanged on the commodities market, traditionally raw materials such as metals and fuels, and cereals. to prop up a failing system.”
Despite talk of a “roadmap” offered up by the EU, the failure in Durban shows that this is a cul-de-sac, a road to nowhere. Spokespeople for Climate Justice Now! call on the world community to remember that a real climate program, based on planetary needs identified by scientists as well as by a mandate of popular movements, emerged at the World People’s Summit on Climate Change and Mother Earth in Bolivia in 2010. The Cochabamba People’s Agreement, brought before the UN but erased from the negotiating text, offers a just and effective way forward that is desperately needed.