Baku’s $300bn a year deal an insult to climate change
The amount must be seen in terms of what big powers spend on weapons annually, or the market size of the methane-producing beef industry
28 November 2024 - 05:00
Ignore for a second, if you can, that a petrostate — nearly 50% of whose GDP comes from oil and gas, which the country’s president reportedly called “a gift from God”, — was the host of a conference designed to … wean the world off oil and gas.
Ignore, too, that this is the second time in a row that the UN Conference of the Parties has been hosted by a petrostate (last year it was the United Arab Emirates) because, apparently, the deal struck last week in Baku, Azerbaijan, is “historic”...
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