Articles tagged with "capitalism"

Are democratic politics and capitalism suitable for dealing with climate change?

18 February 2025

The IPCC report of 2022 notes that climate change is a major risk to planet Earth. (IPCC 2022). New Zealand's Net Zero Carbon Act has been passed by parliament, and has been accepted by the National party, Labour Party, Green party, ACT party and Te Pati Maori. The NZ First Party is ambivalent. This would suggest that very urgent and far-ranging changes are necessary to our society in New Zealand within the next six years, to try to get to 1.5° C of global warming by 2050 - or preferably earlier. It should be noted that we are already close to that target in 2024, and atmospheric greenhouse gases have increased rather than decreased year by year since then. These have led to year-on-year increases in record temperatures, with associated increases in floods, droughts, wildfires, strength of storms, sea level rise and catastrophic effects in many countries including New Zealand. The most affected countries are in the “Global South”, yet they produce the least greenhouse gases. New Zealand is the 7th highest producer of greenhouse gases per person in the world.