‘Climate capitalism’ won at Cancun – everyone else loses
Protest in Cancun.
By Patrick Bond, Cancun, Mexico
December 12, 2010 – Links International Journal of Socialist Renewal – The December 11 closure of the 16th Conference of the Parties – COP16 global climate summit – in balmy Cancun was portrayed by most participants and mainstream journalists as a victory, a “step forward”. Bragged US State Department lead negotiator Todd Stern, “Ideas that were first of all, skeletal last year, and not approved, are now approved and elaborated.”
After elite despondency when the Copenhagen Accord was signed December 18, 2009, by five governments behind the scenes, resulting in universal criticism, there is now a modicum of optimism for the next meeting of heads of state and ministers, in a steamy Durban summer a year from now. But this hope relies upon a revival of market-based climate strategies that, in reality, are failing everywhere they have been tried.