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Jubilee Statements

Monitoring the impacts of government and corporate behaviour in communities overseas.

More than Climate Change at Bali

Release Date: 18-Dec-2007

It appears that the UN climate talks in Bali have not produced adequate results on several key points central to the climate change debate. Aside from the disputes surrounding deep emissions cuts, there was also disagreement over the transfer of clean technology from developed to developing countries.

Jubilee Australia is concerned with the unwillingness of wealthy countries to share the benefits of clean technology with poorer nations, and calls attention to the hypocrisy of international condemnation placed on developing countries who can’t afford the new technologies.

New clean technologies are owned by private companies in wealthy nations who have safeguarded their profits through technology patents. Developing countries rely on access to this technology. They lack the financial capacity to develop technologies, strategies or protection measures of their own. Yet the cost of the technology places a major financial burden on the already limited economic capacity of poorer nations.

Further, many of these countries are already repaying significant debts to International Financial Institutions and private creditors in the wealthy nations.

 This cycle of greed and corporate welfare not only exasperates the climate crisis, but also perpetuates the inequalities in the international economy that disadvantage poor countries. These unjust and uncooperative measures serve the economic purposes of wealthy nations and ultimately fail to see the grave global consequences of the environmental crisis.