The first days of the Climate Change Conference were full of promises from leaders and governments. Some of the most important were commitments from investors and companies to mobilize $130 billion for climate action, a sum that would be close to the scale that several developing countries and multiple research studies have said is needed for the transition. It was also announced that $1.7 billion would be donated to indigenous communities and that it would be the most inclusive COP in history.
This last promise has already been broken: only people from six countries, all from the global south, have been asked to quarantine and observers have denounced that they cannot enter to monitor the events under the excuse of maintaining a low capacity due to coronavirus.
Regarding the financial announcements, on the other hand, experts explain that they diverted attention from what is really being negotiated. For example, to whom and how the money will go. The divisions continue: while developed countries want to be satisfied with just agreeing on an amount, developing countries seek to define rules on who is accessing these resources, the quality of these resources and whether this money is increasing the level of indebtedness of the countries.
This story was originally published in Spanish in El Espectador on November 6, 2021. It was produced as part of the 2021 Climate Change Media Partnership, a journalism fellowship organized by Internews' Earth Journalism Network and the Stanley Center for Peace and Security.
Banner image: It is expected that in the next few days the rules of the game will be defined on how the world will avoid exceeding 1.5°C / Credit: UNFCCC