Breaking News

Cop30 live: ‘literally insane’ that we are letting global heating happen, says Al Gore | Cop30

Key events

Why does BAM matter?

The call to elevate the current Just Transition work programme to a formal mechanism comes amid growing evidence that the shift from fossil fuels risks being just as exploitative and unequal as the extractive energy economy that we currently have. These concerns were summarized in July by the UN secretary general António Guterres:

The critical minerals that power the clean energy revolution are often found in countries that have long been exploited. And today, we see history repeating. Communities mistreated. Rights trampled. Environments trashed. Nations stuck at the bottom of value chains – while others reap rewards. And extractive models digging deeper holes of inequality and harm. This must end.

Advocates of BAM, say that the new mechanism should be designed to address the current fragmentation and limits of global Just Transition efforts, and require states to take concrete steps to ensure that the energy transition delivers justice, transparency and shared prosperity. It would formalize cooperation and knowledge sharing, and prioritize non-debt-inducing finance and technology transfer – key tenets of the Paris agreement and the principle of Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), which let’s not forget every state is obliged to comply with, according to the International Court of Justice.

Harjeet Singh, strategic advisor to the Fossil Fuel Non-Proliferation Treaty Initiative and consistently the best dressed climate activist, said:

Dubai COP gave us the promise to ‘transition away’ from fossil fuels; Belém must deliver the plan. The Belém Action Mechanism, now championed by the G77 and China, is that plan.

Without it, just transition remains empty rhetoric. Developing countries are ready to move, but they cannot implement this vision alone. They need real finance, technology, and capacity, not more debt. The ball is in the court of developed nations. It’s time to stop delaying.

Gaining support from China is a big deal. China controls the majority of the world’s critical mineral supply chain, though the US is extremely keen to expand its share. Neither of the world’s two largest greenhouse gas emitters has historically been supportive of UN initiatives that impose fresh rules on their markets. The US, as we know, is boycotting Cop and back to old-school climate change denial under Donald Trump.

Share

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button