The G7 summit begins this Friday, and it looks like it’s already gone – literally – off to a good start, albeit not in the way we were hoping. Prime Minister Boris Johnson chose to fly to Cornwall (a location chosen because it is considered central to the UK’s green energy sector) by private jet, despite aviation being 2 , 5% of CO2 emissions. This is a good indicator of how the summit will inevitably unfold.
Made up of the world’s seven largest “advanced” economies, the G7 is an organization that regularly holds meetings, concludes agreements and issues joint statements on global affairs. Although they grew richer over the decades with the resources acquired through the colonial empire, the G7 countries were concerned only with their own interests, denying a seat at the table to the most colonized and previously colonized nations. affected by their decisions.
While many G7 constituents have repeatedly used their veto power to block idiosyncratic climate disaster treaties, it seems inevitable that the G7 will use this summit again to promote high carbon ‘free trade’. while using the language of saving the planet.
This exclusion behavior is reproduced at the G7’s own decision table. Only one of the leaders in attendance will be a woman at a summit that will determine how the world responds to the ongoing climate and ecological emergency, even though 80% of those displaced by climate change are women.
In addition, women are 14 times more likely than men to die from natural disasters. To make matters worse, Cop26’s management team has only three women, compared to nine men; establishing a clear imbalance between the sexes. It is clear that those most affected by the climate crisis are systematically excluded from all levels of the decision-making process, and without those on the front line having agencies, resources and self-determination, the statu that rich countries represent their outcome. responsibility will continue inexorably.
In recent days, the Prime Minister’s words urging the G7 to adopt a “Marshall Plan on the climate” might seem to offer a glimmer of hope for the massive global changes needed to mitigate the worst impacts of the climate catastrophe. Still, the image below the surface is less than inspiring. As the Bank of England expands its quantitative easing program on an unprecedented scale, banks such as HSBC and Barclays continue to use that liquidity to fund new fossil fuel projects, forming a wrecking ball for the Goals. climate and well-being in countries where such infrastructure is built.
A recent Greenpeace report found that with its bloated financial sector, the City of London’s contribution to global warming would be the 9th largest in the world; was it a country. To have any chance of avoiding the course, the robust mutualism and destructive power of big business and fossil capital must be quickly removed.
Despite the UK government’s perpetual tendency to follow green platitudes with regressive acts, there is another path they could chart. The Treasury is expected to unleash the full potential of the Bank of England, attaching real conditions to its asset purchase to end government support for fossil finance banks. Instead, the money should flow into a state-controlled green investment bank, to bring the much-needed funds to regions and sectors across the UK damaged by neglect and deindustrialization. .
The UK can start a global green revolution, by restructuring the UK export finance facility to pay off our colonial debt instead of building a new coal mine in Mozambique. In partnership with the most powerful economies in the world, the G7 could face this emergency with ambition and imagination; building a global green development center, where the richest countries donate research and materials to sustainably raise the standard of living of the world’s poorest.
Britain approaches this summit in the untenable position of being determined to present itself as a world leader on climate, while willingly endorsing the worst of its impacts. That’s why young climate activists from across the UK gathered in Cornwall to show these world leaders that their climate destruction will not come without protest.
What we are asking for is simple; it is the cancellation of global debt in place of the UK’s decision to cut development aid, it provides green technology like the infrastructure that Cornwall is famous for producing to so-called “countries”. Global South ”so that we can ensure a just transition for all instead of harnessing the resources of these nations for our own green technology, this is public ownership of utilities and it is a matter of climate justice; not mediocre, western-centric climate action.
The choice at this summit is simple: it’s a choice between fueling corporate monopolies or saving the planet, and the two are most certainly mutually exclusive. Young people may not be at the decision-making table, but our presence in Cornwall and around the world will not go unnoticed as we continue to stand up for people and the planet.
While this summit will certainly be a disappointment, the prospect of a global green economy is not so far-fetched when you consider the number of people advocating for social and climate justice. After all, democracy means ‘power of the people’, not polluting power, and the people want a new green deal for all.