Brazil, with COP30 underway, tensions rise between advocates of green capitalism vs. eco-socialism

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In Brazil, as COP30, the un climate change conference, moves into its 5th day, the tension between advocates of green capitalism and eco-socialism is rising. Our reporter Brian Mier has more. teleSUR

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00:00Welcome back to From the South.

00:07In Brazil, as COP30, the UN Climate Change Conference moves into its fifth day,

00:13the tension between advocates of green capitalism and eco-socialism is rising.

00:18Our reporter Brian Mir with more details.

00:22COP30, the UN Climate Change Conference, has been going on for five days now.

00:27And there's a tension bubbling under the surface between advocates of green capitalism

00:33and advocates of eco-socialism, two different paths towards resolving the climate change crisis.

00:41One, eco-capitalism, or green capitalism, involves market-based solutions

00:47with the involvement of the same corporations who are most responsible for degrading the environment

00:53and raising the Earth's temperature, including the petroleum multinationals,

00:58who believe that there's a way to profit off of adaptation to climate change.

01:03On the other side, in the People's Summit, which is happening at the Federal University of Pará,

01:09on the other side of Belén, 30,000 members of social movements, indigenous nations,

01:14and riverine communities from all over Latin America and all over the world

01:18are participating in an assembly today in which they're going to create a list of demands

01:23to advance the cause of eco-socialism, which believes that the only effective way

01:28to save the world's environment is through structural transformation of economies,

01:34eliminating capitalism, and creating a new system that involves long-term planning

01:40for the benefit of all members of society and the environment, especially the most poor.

01:45Now, we see that here at COP30, there's different booths set up from companies and foundations

01:53that are financed even by petroleum companies, and they're advocating for things like advancing

02:00the carbon credit market, which is essentially a way of outsourcing pollution by the most polluting

02:06companies in the global north to the developing world.

02:11So today at the assembly, in the People's Summit, they're going to create a list of demands,

02:15that they're going to present to the organizers of COP30 tomorrow, and President Lula has also

02:22said he'll be there.

02:23So it'll be interesting to see how that is viewed by the United Nations.

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