As delegates assemble for the COP27 UN summit in Egypt MATT DOBSON argues that capitalism is unable to solve the climate crisis, and examines what needs to be done to secure a future for humanity on our planet.
Three decades of international climate summits and capitalism has failed to get to grips with the climate crisis. All the fundamental problems remain and are worsening. Carbon emissions are rising, as are temperatures, with climate scientists warning that the planet will reach a tipping point if temperatures rise by more than 1.5 degrees centigrade.
Extreme weather events are increasingly common – droughts, heatwaves, flooding and wildfires. Climate change is forcing more and more people to migrate away from uninhabitable conditions that can’t deliver the basic needs of life.
Economic and geopolitical crisis after crisis also threatens to escalate the situation. Faced with energy shortages due to the Ukraine war, major capitalist powers in Europe have reopened oil and gas fields and increased carbon-based production.
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