8 October, Tuesday, 2024
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HomeBusinessIf Cop27 becomes a forum for anti-western racketeering, it deserves to die

If Cop27 becomes a forum for anti-western racketeering, it deserves to die

Though pessimists persist in seeing an empty glass, the Cop process has been a remarkable success

The alliance of “developing countries” calling for climate reparations at COP27 includes the Opec oil cartel and those states in Latin America and Southeast Asia most responsible for 21st Century deforestation.

The Group of 77 (actually 134 states) includes nations with nuclear weapons and space programmes. It includes the gas sheikhdom Qatar, with the world’s top per capita income, as well as Saudi Arabia, Kuwait, and the Emirates, which hosts an indoor ski resort with a chair-lift and five pistes on artificial snow in a desert shopping mall. It includes states that subsidise fossil fuels on a systematic scale. It includes Bolsonaro’s slash-and-burn Brazil.

The G77 includes China, which accounts for 30pc of current CO2 emissions, and is pursuing an aggressive drive for global superpower supremacy, while ridiculing the liberal West in the state-media as insolvent deadbeats.  

These states can happily issue demands for climate “loss & damage” – on the official Cop agenda for the first time – because the reparations debate is framed in such a way that they are not the target of this multi-trillion liability claim. 

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