Corporations Can’t Deliver on Climate: Toward Global Public Goods (evening)

Trade Unions for Energy Democracy

To capture multiple timezones and work schedules, this session will be held twice, once in the morning and once in the evening.

STUC

<ul><li>To register for the morning session (held online only) 10am-12pm UK, goto this link: https://www.eventbrite.com/e/corporations-cant-deliver-on-climate-toward-global-public-goods-morning-registration-191821903477</li></ul><ul><li>To register for the evening session (hybrid with in-person and online participation), 6pm-8pm UK time, use this event page. </li></ul><h3>A Corporate-led Transition Can’t Deliver on Climate: Towards “Global Public Goods”</h3>COP26 convenes at a time when vastly different visions of climate transition compete for supremacy. Large corporations around the World Economic Forum (WEF) are promoting a “Great Reset” where “stakeholder” capitalism replaces “shareholder” capitalism and are calling for a “resilient energy transition” that “delivers inclusive growth and long-term prosperity.” Larry Fink of BlackRock backs the idea and says he has a public-private climate finance strategy to fund the transition, which on closer inspection asks taxpayers to assume the risks while bankers and speculators take the profits. We’ve been here before. In 2012 the World Bank called for “inclusive growth” through ‘public-private partnerships’, but the world is more unequal and governments more indebted than ever before. The Great Reset is old wine in new green bottles, not a genuine effort to change course. Meanwhile, the 6th Assessment Report of the IPCC has concluded that drastic measures must be pursued to avoid potentially catastrophic climate impacts. But Greenhouse Gases continue to rise and six years on, the voluntary ‘commitments’ made in Paris are not being met. Calls for “more ambition” on the part of governments are not enough - more of the same will only accelerate these trajectories. Unions and their allies in social movements must fight instead for a major policy shift: one that builds an alternative to the neoliberal “green growth” model. <h3>Working to Organize the Alternative: Unions + UNCTAD </h3>UNCTAD has articulated the “Geneva Principles for a Global Green New Deal” which combines its longstanding developmental agenda with a “Global Public Goods” agenda that “rebuilds the rules of the global economy toward goals of coordinated stability, shared prosperity, and environmental sustainability, while deliberately respecting the space for national policy sovereignty.” Many unions (including national centers and global bodies) support a “Global Public Goods” approach because it expresses the need for vital public services to be protected and expanded, and because it has the potential to address the climate emergency through the extension of local public ownership and control of key sectors such as energy, transport and the financial system. Join us for this event where we explore how “public-public partnerships” can cultivate the global cooperation and momentum necessary to secure long overdue structural transformation, address rising emissions, respond to “extreme weather events” and advance the dignity and rights of people everywhere.

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Corporations Can’t Deliver on Climate: Toward Global Public Goods (evening)

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Corporations Can’t Deliver on Climate: Toward Global Public Goods (evening)

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