Northern African countries are key suppliers of natural resources to the global economy, from large- scale oil and gas extraction in Algeria and Tunisia, to phosphate mining in Tunisia and Morocco, to water-intensive agribusiness paired with tourism in Morocco and Tunisia. The commodification of nature and privatisation of resources entailed in these projects has led to serious environmental damages, and forced these countries into a subservient position in the global economy, sustaining and deepening global inequalities.
Climate change action demands moving to an energy system based on renewables and leaving fossil fuels in the ground. International investment agreements, and particularly ISDS, stand in the way of energy transition. They limit the ability of governments to set the terms of their energy policy, including the support of renewable energy. Investment agreements such as the Transatlantic Trade and Investment Partnership (TTIP) and the Comprehensive Economic and Trade Agreement (CETA) will further empower corporations to challenge strong government action on climate change
Latin America is at the forefront of thinking on how to build a new sustainable economy that rejects consumerism and extractivism. An exciting compilation on new ideas such as Buen Vivir that are reshaping the global debate on how to live in harmony with each other and nature.
The European Union (EU) and their national governments are set to discuss increased shale gas extraction in Europe which will increase environmental and social harm as well as dangerous climate change.