How Global Finance Fails Climate Action

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The Conference Of Parties convenes every year to talk about mitigating climate change and bringing the world order closer to an equilibrium which helps all humans live better.

At Belam this year it has been quite catastrophic is the most real sense of the word. [1]

Before I go further let me clarify. This article is not going to be very objective, because I don’t know how to talk about something that affects humanity so much without it being emotionally charged. If the people in power are still flailing about and being submissive to corporate greed in dire times. Putting out a defamatory piece of writing is the least one can do, with no consequences intended.

The core of the conference is good and pure. Atleast the people are talking about climate change. So the intention is right, but all talk is futile if not changed into action, and quick.

A lot of the talk is around who foots the bill for all the infrastructure that is needed for sustainable or renewable energy? The simple perspective or argument is that the ‘Global North’ takes responsibility for the ‘Developing South’.

Well, not so much. I can speak of India which is the 4th largest economy in the world. The word ‘Third world country’ is no longer an accurate description for India. And the way it becomes a first world country is through leading innovation in sustainable energy development.

We can no longer hide behind the metaphorical victim veil of poverty.

Do we lack a sense of basic civic sense when it comes to climate change? YES. That is where money needs to come in to fund education with simple things like waste management and reverence of nature.

The first world countries flexing their economic prowess in terms of pledging money is of no use for anyone.

Climate change doesn’t have borders. A typhoon is Vietnam, and the Philippines still has a multi-faceted ripple effect all over the world, and Norway pledging 3 billion dollars isn’t going help. (Source: @green_humor & @dw_environment)


[1] https://www.reutersconnect.com/item/munduruku-indigenous-people-block-access-to-cop30-in-belem/dGFnOnJldXRlcnMuY29tLDIwMjU6bmV3c21sX1JDMkNXSEFVTFhYOQ

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