'Capitalism will not solve the climate crisis'

IT IS a measure of the pressure on Western governments — not only from their own peoples but from the overwhelming majority of developing countries, and even from certain sectors of finance capital — that the Cop26 summit has resulted in some international agreements so far.
In 2015, the Paris Cop21 summit agreed the goal of keeping the global temperature rise to within 1.5°C above pre-industrial levels.
However, since then greenhouse gas emissions have grown steadily, with the main component, CO2, now at about 40 billion tonnes annually and the global temperature rise currently around 1.2°C. To stay under the 1.5°C limit, emissions in 2030 will need to have fallen by 45 per cent globally compared with 2010.
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