Another COP is over, more promises of grants and soft loans - a pittance compared with what would be really needed - the hundreds of private jets with the captains of industry have flown elsewhere and Baku hoteliers are busy counting the proceeds. Otherwise it's clear that the global system aka Capitalism will just not pay for its mess, let alone reform itself. Michael Roberts explains why:...Another COP is over, more promises of grants and soft loans - a pittance compared with what would be really needed - the hundreds of private jets with the captains of industry have flown elsewhere and Baku hoteliers are busy counting the proceeds. Otherwise it's clear that the global system aka Capitalism will just not pay for its mess, let alone reform itself. Michael Roberts explains why: thenextrecession.wordpress.com/2024/11/24/cop-out-… Show more

COP-out 29 – Michael Roberts Blog

There was a tortuous and painful end to COP29, the international climate change conference held in oil-rich Baku, Azerbaijan. The main issue was how much…