cross-posted from: https://slrpnk.net/post/18628816
“The global north must take responsibility for reducing its own consumption and building domestic renewable capacity, instead of externalising socio-environmental costs to the global south. We must continue to fight to decolonise and transform the global financial architecture.”
What do you understand by capitalism? China -a self-defined socialist country- is almost a role model for what goes wrong in the fight for climate change in the way you are describing. China’s fossil fuel production and consumption are outpacing its increase in renewable energy and that is the reason why the country is -contrary what Beijing’s propaganda wants the world make to believe- desperately failing in its climate policy.
I don’t know of these particular European/African projects’ environmental impacts, but I don’t question them either. But this has nothing to do with ‘capitalism’ or any perceived societal model.
Edit: This world map gives a first view where our global fight against climate change stands. (Hint: ‘Capitalist’ Europe is not good and must do a lot more, but we are far ahead in the path compared to others.)
Second edit: After a closer look into the study itself, I have to revise my opinion from above and say it is quite generic at best. The study authors are citing exclusively secondary sources, there appear to be no own research, and even the report says that European investments in the African countries are -though substantial- only a fraction of the total foreign direct investments (in case of Egypt, for example, it is 25%). They don’t even say where the rest comes from. Europe can always do better, sure, but this whole study is just a sequence of mostly web sources assembled to foster a certain narrative imo.
Briefly, an economic system that is based on private entities controlling the production. Infinite growth is part of it. The role of government differs depending from one school of thought to an other but the tendencies are from minimal to none interventions of the government. Of course I could go on, but I thought of keeping it short.
Well, to my knowledge, for several decades now they have been calling it, Socialist Market Economy and the rest of the world knows it’s just a market economy.
Btw what is socialism to you?