The author argues that the term ‘anthropocene’ to denote the period of the modern environmental crisis is hollow and a political digression from the reality, and that the crisis is a product of corporate exploitation of the earth’s system. Putting the blame on the entire human society for the environmental crisis is a Western ideological ploy to shield the corporate culprits who have caused the destruction on the strength of their capital and technology. He therefore proposes the term ‘corporatocene’ to mark the epoch of environmental crisis. If anything it is the Western colonization and the invention of the steam engine that are the markers of the start of the pandemic assault on the earth’s natural systems. Obfuscating the debate on this by introducing politically motivated substitutes will only frustrate the efforts to forge meaningful solutions to the climate crisis.
Paper published by the South Center
Member organizations of the Global Coalition for Social Protection Floors collectively advocate for strategic utilization of financial resources from this Fund. A central concern is to specifically allocate fund resources for the establishment and fortification of right-based Social Protection Systems. These systems play a pivotal role in mitigating the catastrophic consequences of climate change and adequately cushioning individual damages and losses, while contributing to increase resilience and improve adaptation.
More than 550 economists, development and climate experts including leading economists Yanis Varoufakis, Thomas Picketty, Jayati Ghosh, Ann Pettifor and Jason Hickel, philosopher Olufemi Taiwo and climate activists Vanessa Nakate and Hilda Nakabuye, have signed an open letter calling for debt cancellation at COP28. The open letter also received support from almost 300 organizations worldwide, including some of the most relevant climate networks, development international NGOs and human rights organisations.1
The statement, coordinated by The Asian People’s Movement on Debt and Development, Latindadd, The European Network on Debt and Development (Eurodad) and Debt Justice, calls for cancellation of the debts of lower income countries on the front line of the climate emergency, and for rich countries to significantly increase levels of grant-based climate finance.
Read the statement
Many in the wealthy West have misrepresented the causes of global warming, offering false solutions while claiming the high moral ground. This distracts attention from how they became wealthy while emitting greenhouse gases.
Article by Jomo Kwame Sundaram and Yin Shao loong
- Carbon emissions of richest 1 percent surged to 16 percent of world’s total CO2 emissions in 2019.
- Their carbon emissions are enough to cause 1.3 million excess deaths due to heat.
- Unequal countries suffer seven times more flood fatalities than more equal countries.
- Fairly taxing the super-rich would help curb both climate change and inequality.
A message from Oxfam International
“We praise charity efforts to combat climate change in countries like Bangladesh as generous, without critiquing why they are made necessary in the first place”
With facts and numbers…
Read the article by Tapti Sen
In 2009, high-income countries committed in the Copenhagen Accords to mobilize US$100 billion a year by 2020 in climate finance for low- and middle-income countries. Oxfam reported on the progress of this commitment in 2016, 2018 and 2020. This year’s report finds that high-income countries have not only failed to deliver on their commitment, but also – as in previous years – generous accounting practices have allowed them to overstate the level of support they have actually provided. Moreover, much of the finance has been provided as loans, which means that it risks increasing the debt burden of the countries it is supposed to help.
Report of Oxfam International
Economic growth, poverty reduction, and climate action are deeply interlinked: none can move ahead without the other. So why isn’t more happening?
Read the article on Development Matters
The developed countries’ commitment to provide climate finance to the developing countries has remained unfulfilled. The Climate Finance Withholding Mechanism (CFWM) is a potential solution for addressing climate finance needs of the developing countries. The CFWM adopts the well settled “withholding mechanism” under the tax laws to provide a steady flow of funds to the developing countries.
Read South Center Proposal: NEW Tax Cooperation Policy Brief: Climate Finance Withholding Mechanism (mailchi.mp)