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We can’t trust the billionaires of Davos to solve a climate crisis they created | Payal Parekh | The Guardian

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class="dcr-1xq3j51"><span>Opinion</span></a><span class="dcr-l6t30p"><a href="https://web.archive.org/web/20210725105938/https://www.theguardian.com/business/davos-2020" data-component="section" data-link-name="article section" class="dcr-g7iy8"><span>Davos 2020</span></a></span></div></div></div></div><div class="dcr-qpwrb4"><div class="dcr-17igkm0"></div></div><div class="dcr-1nupfq9"><div class="dcr-krkkhw"><div class="dcr-1t6t43"><div class="dcr-1x7coqc"><div class="dcr-1o3cb13"><div aria-hidden="true" class="dcr-4m9fqw"><svg width="11" height="11" viewbox="0 0 11 11"><path d="M5.4 0C2.4 0 0 2.4 0 5.4s2.4 5.4 5.4 5.4 5.4-2.4 5.4-5.4S8.4 0 5.4 0zm3 6.8H4.7V1.7h.7L6 5.4l2.4.6v.8z"></path></svg> <!-- -->This article is more than <strong>1 year old</strong></div></div><h1 class="dcr-b5hbax">We can’t trust the billionaires of Davos to solve a climate crisis they created</h1><div class="dcr-1rg8306"><div class="dcr-5dwu6m"><a rel="author" data-link-name="auto tag link" href="//web.archive.org/web/20210725105938/https://www.theguardian.com/profile/payal-parekh">Payal Parekh</a></div></div><div class="dcr-92oqeo">This article is more than 1 year old</div></div><div><div class="dcr-1rmbyo0"></div></div></div></div></div><div class="dcr-1o781fl"><div class="dcr-705gv1"><div class="dcr-1rmbyo0"></div></div></div><div class="dcr-zjgnrw"><div data-print-layout="hide" class="dcr-1wzmzme">It’s time to turn away from the World Economic Forum and its mass-polluting ‘affiliates’. We need new, radical solutions<br/><br/><span data-dcr-style="bullet"></span> Payal Parekh is an international climate activist</div></div><div class="dcr-pn0kqp"><div class="dcr-krkkhw"><div class="dcr-16n5mgq"><figure id="d3b8deee-6622-440d-9b37-a533895d38f7" class="dcr-13udsys"><div class="dcr-1b267dg"><picture itemprop="contentUrl"><source srcset="https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fb3e40c67f3026e7f0b640c7ecfd1cae116a3bf/0_187_5568_3341/master/5568.jpg?width=620&amp;quality=45&amp;auto=format&amp;fit=max&amp;dpr=2&amp;s=aecc9e4dec95af188e73e388952fbe49 1240w, https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fb3e40c67f3026e7f0b640c7ecfd1cae116a3bf/0_187_5568_3341/master/5568.jpg?width=605&amp;quality=45&amp;auto=format&amp;fit=max&amp;dpr=2&amp;s=7f0746c4460fc1d465e57da50417cb35 1210w, https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fb3e40c67f3026e7f0b640c7ecfd1cae116a3bf/0_187_5568_3341/master/5568.jpg?width=445&amp;quality=45&amp;auto=format&amp;fit=max&amp;dpr=2&amp;s=fadd6ccb322d185e5aba13b28b4e2868 890w" sizes="(min-width: 660px) 620px, 100vw" media="(-webkit-min-device-pixel-ratio: 1.25), (min-resolution: 120dpi)"/><source srcset="https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fb3e40c67f3026e7f0b640c7ecfd1cae116a3bf/0_187_5568_3341/master/5568.jpg?width=620&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=7081910d0581884961eb5752255a620c 620w, https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fb3e40c67f3026e7f0b640c7ecfd1cae116a3bf/0_187_5568_3341/master/5568.jpg?width=605&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=d3acdcdc1f94f304d91ebe654b0cfc8e 605w, https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fb3e40c67f3026e7f0b640c7ecfd1cae116a3bf/0_187_5568_3341/master/5568.jpg?width=445&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=86a498a158e611cca93fca54c0655a34 445w" sizes="(min-width: 660px) 620px, 100vw"/><img alt="Staff clear a stage during the last day of the World Economic Forum in Davos" src="https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fb3e40c67f3026e7f0b640c7ecfd1cae116a3bf/0_187_5568_3341/master/5568.jpg?width=445&amp;quality=45&amp;auto=format&amp;fit=max&amp;dpr=2&amp;s=fadd6ccb322d185e5aba13b28b4e2868" height="1200" width="2000" class="dcr-1989ovb"/></picture><span class="dcr-172h6t9"><div class="dcr-ho1qnd"><div class="dcr-1kjku2s"><label for="the-checkbox" class="dcr-1e2h9sk"><svg width="6" height="14" fill="white" viewbox="0 0 6 14"><path d="M4.6 12l-.4 1.4c-.7.2-1.9.6-3 .6-.7 0-1.2-.2-1.2-.9 0-.2 0-.3.1-.5l2-6.7H.7l.4-1.5 4.2-.6h.2L3 12h1.6zm-.3-9.2c-.9 0-1.4-.5-1.4-1.3C2.9.5 3.7 0 4.6 0 5.4 0 6 .5 6 1.3c0 1-.8 1.5-1.7 1.5z"></path></svg></label><input type="checkbox" id="the-checkbox"/> <div id="the-caption"><figcaption class="dcr-11zodit"><span class="dcr-1eix3n5"><svg width="11" height="10" viewbox="0 0 11 10"><path fill-rule="evenodd" d="M5.5 0L11 10H0z"/></svg></span><span class="dcr-nsq509">‘If the rich and famous at Davos really want to tackle the climate crisis, they should make this the last World Economic Forum.’ </span> Photograph: Alessandro Della Valle/EPA</figcaption></div></div></div></span></div><span class="dcr-l6t30p"><figcaption class="dcr-d5sshu"><span class="dcr-1eix3n5"><svg width="11" height="10" viewbox="0 0 11 10"><path fill-rule="evenodd" d="M5.5 0L11 10H0z"/></svg></span><span class="dcr-nsq509">‘If the rich and famous at Davos really want to tackle the climate crisis, they should make this the last World Economic Forum.’ </span> Photograph: Alessandro Della Valle/EPA</figcaption></span></figure></div></div></div><div class="dcr-1aul2ye"><div class="dcr-krkkhw"><div class="dcr-ss9mnu"><div class="dcr-1eucl2a"><div class="dcr-fj5ypv"><div><div class="dcr-18svo86"><div class="dcr-s64set"><label for="dateToggle" class="dcr-hn0k3p">Fri 24 Jan 2020 14.17 EST</label><input type="checkbox" id="dateToggle" class="dcr-miumx2"/><p class="dcr-vdb1rb">Last modified on Mon 27 Jan 2020 08.48 EST</p></div></div></div></div><div data-print-layout="hide" class="dcr-15yir0q"><div class="dcr-136ng6c"><ul class="dcr-1n0u3w8"><li class="dcr-i43ppq"><a href="https://web.archive.org/web/20210725105938/https://www.facebook.com/dialog/share?app_id=180444840287&amp;href=https%3A%2F%2Fwww.theguardian.com%2Fcommentisfree%2F2020%2Fjan%2F24%2Fbillionaires-davos-climate-crisis-world-economic-forum&amp;CMP=share_btn_fb" role="button" aria-label="Share on Facebook" target="_blank" rel="noreferrer" data-ignore="global-link-styling"><span class="dcr-3737a1"><svg width="32" 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class="dcr-1ozgk8l"><div class="meta-number" id="share-count-root"></div><div class="meta-number" id="comment-count-root"></div></div></div></div></div></div></div></div><div class="dcr-185kcx9"><main class="dcr-lg1c4h"><main class="dcr-krkkhw"><div tabindex="0" id="maincontent" class="dcr-15729l7"><div class="article-body-commercial-selector article-body-viewer-selector dcr-bjn8wh"><p class="dcr-10j7zqa"><span class="dcr-cw340e"><span class="dcr-o4cepu">T</span></span><span class="dcr-10j7zqa">his week, among the private chalets and deep snow of Davos, the world’s leading politicians and businesspeople have been spending their time at the World Economic Forum (WEF), and they’ve been talking about the climate crisis. <a href="https://web.archive.org/web/20210725105938/https://www.theguardian.com/business/live/2020/jan/21/davos-2020-donald-trump-greta-thunberg-climate-mark-carney-wef-day-one-live?page=with:block-5e26ef2b8f0879d539efc26f#block-5e26ef2b8f0879d539efc26f" title data-link-name="in body link">Greta Thunberg</a> and <a href="https://web.archive.org/web/20210725105938/https://www.theguardian.com/business/live/2020/jan/22/davos-2020-mark-carney-prince-charles-climate-trade-trump-business-live?page=with:block-5e2852a48f08e97ed2128270#block-5e2852a48f08e97ed2128270" title data-link-name="in body link">Prince Charles</a> have given stark speeches warning of the dangers of a warming world, and CEOs and presidents have promised long overdue action.</span></p><figure id="58b74f1f-936b-4b75-b789-eb16530be10c" class="dcr-1mfia18"><div data-print-layout="hide" data-link-name="rich-link-1 | 1" data-component="rich-link" data-name="placeholder" class="dcr-16cuuq6"><div class="dcr-s7oxzu"><a href="https://web.archive.org/web/20210725105938/https://www.theguardian.com/business/2020/jan/24/what-did-we-learn-from-davos-2020" class="dcr-g65o95"><div class="dcr-ghyc83"></div><div class="dcr-1d91meq"><div class="dcr-m4qltb"><div class="dcr-1gqsble">What did we learn from Davos 2020?</div></div><div class="dcr-9g571g"><svg width="24" height="24" viewbox="0 0 24 24"><g fill-rule="evenodd"><path class="rich-link__arrow-icon" d="m12 0c-6.627 0-12 5.373-12 12 0 6.627 5.373 12 12 12 6.627 0 12-5.373 12-12 0-6.627-5.373-12-12-12m.21 19l-.637-.668 4.888-6.326h-11.465v-1.01h11.465l-4.888-6.333.637-.668 6.79 7.158v.685l-6.79 7.157"/></g></svg><div class="dcr-dobi02">Read more</div></div></div></a></div></div></figure><p id="sign-in-gate"></p><p class="dcr-10j7zqa">For those of us in the climate movement, this shift of focus is no surprise. Last year changed everything. From the wave of schoolchildren going on <a href="https://web.archive.org/web/20210725105938/https://www.theguardian.com/environment/2019/may/24/schoolchildren-go-on-strike-across-world-over-climate-crisis" title data-link-name="in body link">climate strike</a>, to large scale non-violent uprisings like Extinction Rebellion, 2019 proved to be the year that people in power couldn’t hide any more from the need to act. And then <a href="https://web.archive.org/web/20210725105938/https://www.theguardian.com/australia-news/2020/jan/23/bushfire-crisis-more-than-half-of-all-australians-found-to-have-been-directly-affected" title data-link-name="in body link">Australia caught fire</a>: no amount of money could put those fires out.</p><p class="dcr-10j7zqa">With this sudden focus on climate it’s no wonder that attendees of the WEF have come under fire for their choice of transport in getting there. Prince Charles <a href="https://web.archive.org/web/20210725105938/https://metro.co.uk/2020/01/22/prince-charles-arrives-davos-electric-car-taking-private-jet-12105241/" title data-link-name="in body link">flew to the summit in a private jet</a>, before demanding new green taxes. And he wasn’t the only one. Figures from last year suggest <a href="https://web.archive.org/web/20210725105938/https://www.theguardian.com/global-development/2019/jan/22/record-private-jet-flights-davos-leaders-climate-talk" title data-link-name="in body link">over 300 private jets</a> landed for the talks – somewhat overshadowing the summit’s eco-credentials, including the carpets made from <a href="https://web.archive.org/web/20210725105938/https://www.bloomberg.com/opinion/articles/2020-01-21/davos-is-greenwashing-to-globalists-to-defend-its-brand?srnd=opinion&amp;utm_medium=social&amp;cmpid%3D=socialflow-twitter-view&amp;utm_content=view&amp;utm_source=twitter&amp;utm_campaign=socialflow-organic" title data-link-name="in body link">“end-of-life fishing nets”</a> and the rooms painted with renewable resources <a href="https://web.archive.org/web/20210725105938/https://observer.com/2020/01/world-economic-forum-davos-2020-climate-change-private-jet-carbon-emission/" title data-link-name="in body link">“like seaweed”</a>. But though the egregious use of private jets is both deeply hypocritical and climate-wrecking, it shouldn’t be the main focus of our ire.</p><p class="dcr-10j7zqa">Instead, let’s look at what those sitting around this year’s mountaintop tables have on their climate record. And let’s be real about how much big corporates can plan for a carbon-free future, in light of the fact that <a href="https://web.archive.org/web/20210725105938/https://www.theguardian.com/sustainable-business/2017/jul/10/100-fossil-fuel-companies-investors-responsible-71-global-emissions-cdp-study-climate-change" title data-link-name="in body link">just 100 companies</a> have been the source of more than 70% of the world’s greenhouse gas emissions since 1988. Just 20 companies have contributed to <a href="https://web.archive.org/web/20210725105938/https://www.theguardian.com/environment/2019/oct/09/revealed-20-firms-third-carbon-emissions" title data-link-name="in body link">480bn tonnes of carbon dioxide</a> equivalent since 1965 – that’s a third of all emissions. Many of them – including the two largest emitters on Earth – are listed as “affiliates” on the <a href="https://web.archive.org/web/20210725105938/https://www.weforum.org/communities/oil-and-gas-majors" title data-link-name="in body link">WEF website</a>. And it’s not just big oil – the financial institutions participating in the WEF are responsible for pumping at least $1.4tn into fossil fuel investments since the Paris climate agreement was signed.</p><figure id="712e4ec4-c745-4490-ae5e-9f73422badff" class="dcr-10khgmf"><div class="dcr-1b267dg"><picture itemprop="contentUrl"><source srcset="https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fa574f9f90afa240fcdbb96d49d6e75c9cd0682/0_74_3500_2100/master/3500.jpg?width=620&amp;quality=45&amp;auto=format&amp;fit=max&amp;dpr=2&amp;s=e1f0cdcad7fb6fba6d275941a7556ced 1240w, https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fa574f9f90afa240fcdbb96d49d6e75c9cd0682/0_74_3500_2100/master/3500.jpg?width=605&amp;quality=45&amp;auto=format&amp;fit=max&amp;dpr=2&amp;s=9d0712117db36002bf86d0276448eeb5 1210w, https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fa574f9f90afa240fcdbb96d49d6e75c9cd0682/0_74_3500_2100/master/3500.jpg?width=445&amp;quality=45&amp;auto=format&amp;fit=max&amp;dpr=2&amp;s=7a96d5dac66ead1d0ffc8f3b193d6f21 890w" sizes="(min-width: 660px) 620px, 100vw" media="(-webkit-min-device-pixel-ratio: 1.25), (min-resolution: 120dpi)"/><source srcset="https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fa574f9f90afa240fcdbb96d49d6e75c9cd0682/0_74_3500_2100/master/3500.jpg?width=620&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=afeb82643609135d49ec3af0f4cb8d15 620w, https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fa574f9f90afa240fcdbb96d49d6e75c9cd0682/0_74_3500_2100/master/3500.jpg?width=605&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=3ee5684742062fa7bdfa1d4811d3ad5c 605w, https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fa574f9f90afa240fcdbb96d49d6e75c9cd0682/0_74_3500_2100/master/3500.jpg?width=445&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=b1a5c38d313f4296ed5a312926376610 445w" sizes="(min-width: 660px) 620px, 100vw"/><img alt="Greta Thunberg and Prince Charles" src="https://web.archive.org/web/20210725105938im_/https://i.guim.co.uk/img/media/6fa574f9f90afa240fcdbb96d49d6e75c9cd0682/0_74_3500_2100/master/3500.jpg?width=445&amp;quality=45&amp;auto=format&amp;fit=max&amp;dpr=2&amp;s=7a96d5dac66ead1d0ffc8f3b193d6f21" height="2100" width="3500" loading="lazy" class="dcr-1989ovb"/></picture></div><figcaption class="dcr-d5sshu"><span class="dcr-1eix3n5"><svg width="11" height="10" viewbox="0 0 11 10"><path fill-rule="evenodd" d="M5.5 0L11 10H0z"/></svg></span><span class="dcr-nsq509">‘Greta Thunberg and Prince Charles have given stark speeches – warning of the dangers of a warming world.’</span> Photograph: AP</figcaption></figure><p class="dcr-10j7zqa">And then there’s the governments. <a href="https://web.archive.org/web/20210725105938/https://news.sky.com/story/prince-charles-global-warming-greatest-threat-humanity-has-ever-faced-11915042" title data-link-name="in body link">Prince Charles’ speech</a> was a powerful challenge to those in power, asking if “we want to go down in history as the people who did nothing to bring the world back from the brink?” But the UK government was this week revealed to be <a href="https://web.archive.org/web/20210725105938/https://www.bbc.co.uk/news/science-environment-51216084" title data-link-name="in body link">supporting fossil fuel mega projects</a> around the world with the combined emissions of a country the size of Portugal.</p><p class="dcr-10j7zqa">Such climate failure is not a byproduct of the economic system advocated by the WEF, it is baked into their model. An ideological commitment to free markets – advocated by those at Davos every year for the summit’s 50-year history – has been a consistent block to progress on the climate crisis. Just look at the <a href="https://web.archive.org/web/20210725105938/https://www.epa.gov/ghgemissions/global-greenhouse-gas-emissions-data" title data-link-name="in body link">world emissions data</a> – an endless pursuit of economic expansion, of marketising every aspect of our lives, of extracting oil and gas to the point of no return, has put us on course for climate catastrophe. Climate data isn’t, as Thunberg says, “anyone’s political opinions or views”: it’s just a statement of fact.</p><p class="dcr-10j7zqa">And that’s why over the last week I trekked across the mountains to Davos. Alongside 1500 people I spent three days <a href="https://web.archive.org/web/20210725105938/https://www.swissinfo.ch/eng/wef-2020_climate-protestors-take-the-long-road-to-davos/45505476" title data-link-name="in body link">walking from Landquart to Davos</a> in possibly the coldest and most high-altitude climate justice march of all time. On the final day, we even managed to block the road to Davos, which has been blocking progress for a fairer and more just world the past 50 years.</p><p class="dcr-10j7zqa">While Australia is burning and frontline communities all over the world are threatened by the very real consequences of the climate crisis, Davos-style meetings will never give us the answers we need. In truth, it would be foolish for anyone to expect a private club whose 1000 member companies have paid between 60,000 to 600,000 swiss francs to be a member (the more you pay the more access you have) should be trusted to solve an issue they created.</p><figure id="df3a076f-1b5c-4897-b310-759c1c1a9fcf" class="dcr-1mfia18"><div data-print-layout="hide" data-link-name="rich-link-10 | 10" data-component="rich-link" data-name="placeholder" class="dcr-16cuuq6"><div class="dcr-s7oxzu"><a href="https://web.archive.org/web/20210725105938/https://www.theguardian.com/uk-news/2020/jan/24/davos-is-still-a-mystery-to-me-nothing-much-ever-seems-to-get-done" class="dcr-g65o95"><div class="dcr-ghyc83"></div><div class="dcr-1d91meq"><div class="dcr-m4qltb"><div class="dcr-1gqsble">Davos is still a mystery to me – nothing much ever seems to get done | John Crace</div></div><div class="dcr-9g571g"><svg width="24" height="24" viewbox="0 0 24 24"><g fill-rule="evenodd"><path class="rich-link__arrow-icon" d="m12 0c-6.627 0-12 5.373-12 12 0 6.627 5.373 12 12 12 6.627 0 12-5.373 12-12 0-6.627-5.373-12-12-12m.21 19l-.637-.668 4.888-6.326h-11.465v-1.01h11.465l-4.888-6.333.637-.668 6.79 7.158v.685l-6.79 7.157"/></g></svg><div class="dcr-dobi02">Read more</div></div></div></a></div></div></figure><p class="dcr-10j7zqa">A crisis of this scale needs scalable and just solutions – whether that’s a Green New Deal, divestment from fossil fuels, or decarbonisation targets in richer countries being rapidly brought forward. If the rich and famous at Davos really want to tackle the climate crisis, they should make this the last World Economic Forum.</p><span class="dcr-jkpzly"><footer><p><span data-dcr-style="bullet"></span> Payal Parekh is an international climate activist and media spokesperson for the Swiss based Strike WEF Collective</p></footer></span></div></div><div id="slot-body-end"></div><div class="dcr-iqptnv"></div><div data-print-layout="hide" class="dcr-1k32900"><span class="dcr-hhdv28">Topics</span><div class="dcr-lwa3gj"><ul class="dcr-1r2wmvc"><li class="dcr-tpdc05"><a href="/web/20210725105938/https://www.theguardian.com/business/davos-2020" class="dcr-1pcx9al">Davos 2020</a></li><li class="dcr-18or3t6"><a href="/web/20210725105938/https://www.theguardian.com/commentisfree/commentisfree" class="dcr-1pcx9al">Opinion</a></li></ul><ul class="dcr-1r2wmvc"><li class="dcr-bftzd9"><a href="/web/20210725105938/https://www.theguardian.com/business/davos" class="dcr-1pcx9al">Davos</a></li><li class="dcr-bftzd9"><a href="/web/20210725105938/https://www.theguardian.com/environment/climate-change" class="dcr-1pcx9al">Climate change (Environment)</a></li><li class="dcr-bftzd9"><a href="/web/20210725105938/https://www.theguardian.com/science/scienceofclimatechange" class="dcr-1pcx9al">Climate change (Science)</a></li><li class="dcr-bftzd9"><a href="/web/20210725105938/https://www.theguardian.com/environment/activism" class="dcr-1pcx9al">Environmental activism</a></li><li class="dcr-bftzd9"><a href="/web/20210725105938/https://www.theguardian.com/world/protest" class="dcr-1pcx9al">Protest</a></li><li class="dcr-1nm85cy"><a href="/web/20210725105938/https://www.theguardian.com/tone/comment" class="dcr-1pcx9al">comment</a></li></ul></div><div class="dcr-1eoy87d"><ul class="dcr-1n0u3w8"><li class="dcr-i43ppq"><a 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