By Esther Vivas and Josep maria Antentas
We will save the markets, not the climate. That is how we can summarize the outcome of the 17th Conference of Parties (COP17) to the United Nations Framework on Climate Change (UNFCC) which took place in Durban, South Africa between 28 November and 10 December 2011. There is a striking contrast between the rapid response by governments and international institutions at the onset of the economic and financial crisis of 2007-08 in bailing out private banks with public money and the complete immobility they demonstrate in response to climate change. Yet this should not surprise us, because in both cases it is the markets and their accomplices in government who come out as winners. continue reading…

