Cop26 live news: reaction to draft agreement as conference focuses on transport

Cop26 live news: reaction to draft agreement as conference focuses on transport

The Cop26 presidency has published a draft version of the final text – follow the latest reaction here

Yanis Varoufakis, the former Greek finance minister, has written in the Guardian this morning about the “hollow promise” of a net zero target. It will not surprise followers of his work that he blames capitalism for the state we find ourselves in.

[Capitalism] has always gained pace through the incessant commodification of everything, beginning with land, labour and technology before spreading to genetically modified organisms, and even a woman’s womb or an asteroid. As capitalism’s realm spread, price-less goods turned into pricey commodities. The owners of the machinery and the land necessary for the commodification of goods profited, while everyone else progressed from the wretchedness of the 19th century working class to the soothing fantasies of mindless petit-bourgeois consumerism.

The UN secretary general should be invited to convene world leaders at the end of 2022 specifically to address closing the 2030 mitigation and finance gap,” he said. “If this is pushed off until 2023 then the process will really only be addressed in commitment for 2035 – nearly 15 years away – leaving the massive gas in 2030 unaddressed.”

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