Gustavo Petro describes the climate conferences at COP27 as a “failure”

The Colombian President, Gustavo Petrodescribed the conferences on climate change held so far as a “failure” on Monday, in a speech at the COP27 in Egypt in which he outlined his international investment plan to preserve the Amazon rainforest.

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Through a decalogue of proposals, Petro he proposed the dismantling of the system of international institutions, the end of fossil fuels and economic planning to, as he said, save humanity from these “times of extinction.”

“The political leadership from COP number one to date has failed to stop the cause of the climate crisis” assured the president.

The leftist Colombian president spoke before a hundred government and state leaders.

“The political leadership has failed, basically because overcoming the climate crisis means stopping consuming oil and coal,” he added.

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“The market is not the main mechanism to overcome the climate crisis. It is the market and the accumulation of capital that produced it and they will never be its remedy. It is only public and global multilateral planning that allows us to move to a global decarbonized economy. The UN must be the scene of such planning” he explained.

In this climate battle, saving the Amazon rainforest is one of the main points.

“Colombia will grant 200 million dollars annually for 20 years to save the Amazon rainforest in its territory. We look forward to global input.” he explained.

In a previous event held together with British Prime Minister Rishi Sunak and African presidents, Petro He had stated that he hoped to include Venezuela and Brazil in this project.

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Petro He had stated last August that he aspired to pay a monthly salary to “one hundred thousand Amazonian families.”

Venezuelan President Nicolás Maduro is also in Sharm el-Sheikh and is scheduled to address the plenary on Tuesday, while Brazilian President-elect Luiz Inácio Lula da Silva is expected at COP27 in the coming days.

“The constitutive treaties of the World Trade Organization and the International Monetary Fund go against the solution of the climate crisis and, therefore, they must be subordinated and reformed to the agreements of the COP”, assured Petro.

The international community will discuss in the next eleven days in Sharm el-Sheikh how to increase financing against climate change. The IMF and the World Bank play a key role in this financial architecture.

Source: Elcomercio

Ronald Payne

I, Ronald Payne, am a journalist and author who dedicated his life to telling the stories that need to be said. I have over 7 years of experience as a reporter and editor, covering everything from politics to business to crime.