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Saudi Arabia is driving a huge global investment plan to create demand for its oil and gas in developing countries, an undercover investigation has revealed. Critics said the plan was designed to get countries “hooked on its harmful products”. Little was known about the oil demand sustainability programme (ODSP) but the investigation obtained detailed information on plans to drive up the use of fossil fuel-powered cars, buses and planes in Africa and elsewhere, as rich countries increasingly switch to clean energy.
Taxing world’s wealthiest people could help poorer countries shift economies to low-carbon and recover from climate damage
Rich countries must urgently develop a plan to assist countries suffering the ravages of extreme weather, as failure to take early action on the climate crisis has left them increasingly vulnerable, developing nations have said. The V20 – made up of the 20 vulnerable countries facing the worst impacts of the climate crisis, and least able to cope with them – set out its proposals on Monday for how rich countries should pay for the “loss and damage” caused by the climate crisis.
Denmark ‘gets ball rolling’ at UN ahead of protests as poor nations call for greater collective commitment. Youth groups in Africa are preparing to embark on a series of climate demonstrations on Friday to highlight the problem of “loss and damage” to poor countries blighted by climate breakdown, as only one rich country has so far stepped up with funding for the problem.
Inflation is a disease that disproportionately afflicts the poor. Even before Vladimir Putin unleashed his brutal war on Ukraine, whose byproducts include soaring energy and food prices, inflation was already over 7.5% in the US and above 5% in Europe and the UK. Calls for its taming are, therefore, fully justified – and the interest rate rise in the US, with the same expected in the UK, comes as no surprise. That said, we know from history that the cure for inflation tends to devastate the poor even more. The new wrinkle we face today is that the supposed solutions threaten not only to deal another cruel blow to the disadvantaged but, ominously, to snuff out the desperately needed green transition.
After two weeks of talks in Glasgow, diplomats from almost 200 countries have agreed to ramp up their carbon-cutting commitments, phase out some fossil fuels and increase aid to poor countries on the front lines of climate change.
If Cop26 were to be staged, it would be as a political drama in two long acts. Act one would see the leaders of wealthy countries such as Britain, the US and Australia smiling broadly as they strut the Glasgow stage with their friends, wring their hands and manage the world’s expectations. Act two would see them knifing each other offstage and kicking poor countries hard before running away.
At Cop26 the wealthy countries cast themselves as saviours, yet their efforts are hopelessly inadequate and will prolong the injustice. the story of the past 500 years can be crudely summarised as follows. A handful of European nations, which had mastered both the art of violence and advanced seafaring technology, used these faculties to invade other territories and seize their land, labour and resources.
More than 100 developing countries have set out their key negotiating demands ahead of the COP26 climate meeting in Glasgow.
A surge in food prices is deepening the pain caused by Covid-19 across the developing world, forcing millions into hunger and contributing to social problems that could lead to more political unrest and migration.