This assessment of COP27 was published by Truthout on Friday, and the agreement struck yesterday doesn’t change the main points. Headlines yesterday welcomed the fund for loss and damage – but so far it is just an “empty bucket”, as Mohamed Adow of Power Shift Africa pointed out.
In other ways the deal reached was ruinous. There was no clear commitment to phase out fossil fuels. “The fact that the outcome only talks about ‘phasedown of unabated coal power’ is a disaster for Africa and for the climate”, as Babawale Obayanju, of Friends of the Earth Africa, said. Oil and gas are not mentioned, and “one small word, ‘unabated’, creates a huge loophole, opening the door to new fossil-based hydrogen and carbon capture and storage projects, which will allow emissions to continue.” Simon Pirani, 21 November 2022.
The international climate talks in Egypt – the 27th Conference of Parties to the 1992 UN Framework Convention on Climate Change, or COP27 – have become a dystopian nightmare: oil companies, dictators and greenwashers captured the process more effectively than ever.
But there is hope: alliances are taking shape – between civil society, scientists and labor – that aim to break the fossil fuel companies’ deathly grip on climate policy.
This year’s United Nations climate summit, which ends on Friday at the luxury Sharm el-Sheikh resort, is the first to which oil and gas companies were invited to participate in the official program of events. Rachel Rose Jackson of Corporate Accountability commented that “COP27 looks like a fossil fuel industry trade show.”Read the rest of this entry »