Money, Money, Money, US Climate Policy is Driven by Corporate Interests, Scholars Say
Money, Money, Money, US Climate Policy is Driven by Corporate Interests, Scholars Say
US President Joe Biden delivered a speech at the 2022 United Nations Climate Change Conference (COP27) on Friday. He highlighted that the US will do its part to avert a “climate hell.” Will Washington walk the talk?
“Diplomatically and on the declaratory level Dems have done a lot, from rejoining the Paris Accord and hosting a Climate Leaders’ Summit to the passing of ambitious legislations which allocate hundreds of billions toward clean energy initiatives,” Dr. Gal Luft, co-director of the Institute for the Analysis of Global Security and a senior adviser to the United States Energy Security Council told Sputnik. “But the test will be in the implementation: how much of the money will actually be deployed and put to good use?”
During his Friday speech at the COP27, Joe Biden asked world leaders to “do more,” unveiled several new measures, including a plan to slash emissions of methane in the US, and supported the UN-led Executive Action Plan for the Early Warnings for All initiative to ensure everyone on the planet is protected by early warning systems within the next five years.
Meanwhile, the chief climate negotiator for the G77, the largest bloc of developing nations, told the US mainstream press about the idea of taxing fossil fuel companies to pay for “loss and damage” — the climate change-related irreversible harms affecting vulnerable nations, that are reaping the whirlwind of environmental pollution caused by developed states. However, there was no reference to the issue of loss and damage in Biden’s speech.
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