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Last month, U.S. Special Presidential Envoy for Climate John Kerry visited India in an effort to bolster the United States’ bilateral and multilateral climate efforts ahead of the 26th Conference of Parties (COP26), which will be held in Glasgow in just a few weeks. Countries that signed the United Nations Framework Convention on Climate Change (UNFCCC) will attend the conference to deliberate as well as negotiate actions needed to combat the climate crisis.

Kerry’s visit to India also marked the launch of Climate Action and Finance Mobilization Dialogue (CAFMD). CAFMD is part of the U.S.-India Agenda 2030 Partnership Indian Prime Minister Narendra Modi and U.S. President Joe Biden announced in April at the Leaders Summit on Climate. The talks took place within the context of India’s membership within an alliance colloquially referred to as “The Quad.” The alliance comprises Australia, Japan, India and the United States, and is aimed at countering a growing China in the Indo-Pacific region.

Soon after Kerry’s visit to India, Quad leaders met at the White House for discussions on a host of issues, including climate change. They agreed to work on climate targets aimed at 2030 and pursue enhanced actions in the 2020s.  

But what tools are available to India—and other developing countries—to support them as they face climate-change impacts like eroding coastlines and droughts? And how will such tools be made available? 

Mobilizing finance is considered key to helping developing countries meet their emission-reduction targets and adapt to climate-change impacts. At COP15 in Copenhagen in 2009, developed countries committed to a goal of jointly mobilizing $100 billion per year by 2020 to address the needs of developing countries.

But while COP15 set a clear target of $100 billion, it allowed flexibility in terms of what forms of financial support qualify as climate finance. The Paris Agreement, the successor to the Copenhagen Accord, reiterated the $100 billion per year commitment, but it also allows a wide range of financial instruments.

Developing Countries’ Perspective

Developed and developing countries have different perspectives on climate finance. Chandra Bhushan, a public policy expert and founder/CEO of International Forum for Environment, Sustainability & Technology (iFOREST), explained when developing countries speak of climate-finance requirements, they largely mean public grants from developed countries. But when developed countries talk about climate finance, they mean “everything from loans to grants to bilateral and multilateral funding,” Bhushan said. 

Bilateral funding refers to financial support from one country to another. Multilateral funding involves agencies such as the World Bank, which derives its source of funding from multiple countries.

India’s official position on climate finance is only grants and grant-equivalent elements of other instruments, like loans and guarantees, ought to be recognized as climate finance. For example, in a recent interview to CarbonCopy, Rajni Ranjan Rashmi, a former principal negotiator for India at the UN climate change negotiations, said it is “logical” to include only the grant portion, or the concessional part, of the loans in the definition of climate finance.

Publicly available information about CAFMD does not reveal what exactly “financial mobilization” would entail. This reporter filed a Right to Information (RTI) request with the Ministry of Environment, Forests and Climate Change (MoEFCC) for minutes of meetings held between Kerry and the ministry. However, the request was denied.

Bhushan also expressed skepticism, noting how pre-COP launches of dialogues, like CAFMD, are not uncommon. But he said their progress is rarely tracked to ascertain achievements.

Unpacking “Finance Mobilization”

In general, “finance mobilization” can happen on both concessional and commercial terms. Arjun Dutt, program lead at Council on Energy, Environment and Water (CEEW) said concessional capital typically is channeled through grants and soft loans to market segments that are not commercially viable to catalyze investment. And as for finance on commercial terms, Dutt noted it typically flows into sectors that have achieved commercial viability and large-scale deployment, such as utility-scale renewable energy.

Elaborating on what India needs, Dutt said if the world wants India to decarbonize at an accelerated pace and commit to net-zero goals, the country “would likely require greater international [climate-finance] flows on both concessional and commercial terms.”

Through financial instruments such as guarantees, concessional capital could help lower the risk of loan defaults with new clean-energy technologies, which could catalyze more private-sector investments, Dutt explained. And as for commercial international capital, it would be needed because of the sheer scale of India’s decarbonization requirements.

Pays to note, in her meeting with Kerry, Indian Minister of Finance and Corporate Affairs Nirmala Sitaraman also underscored a need for enhanced climate finance for developing countries, or funding beyond the $100 billion commitment made at the Copenhagen summit.

Recently, even African nations called for a 10-fold increase to the $100 billion climate finance target.

Climate Finance’s Track Record

Developed countries have largely failed in fulfilling their climate finance obligations, a September 2021 report shows. Out of 23 developed countries that have a responsibility to provide climate finance, only Germany, Norway and Sweden have been paying their fair share of the annual $100 billion goal. More specifically, it states that the United States has the biggest shortfall in paying its fair share of climate finance, based on historical emissions and national income.

And closer examination of delivered climate finance reveals other issues. According to a report by Oxfam, the share of grants in global public climate finance was only 27 percent in 2019, whereas loans—both concessional and otherwise—totaled 71 percent. The remaining 2 percent comprised finance mobilized from private sources. Oxfam referred to this reliance on loans to fulfill climate-finance obligations “an overlooked scandal.”

Recently, a climate negotiator from a developing country, who anonymously wrote for The Guardian, pointed out how climate finance in the form of loans is creating a debt trap for countries in the Global South, where the COVID-19 pandemic has hit economies.

Interest rates on concessional loans are unequal, too. “The rate of interest in developed countries is around 2 percent and in India, it is around 14 percent,” said Bhushan of iFOREST. “So, if the United States gives a loan for 6 percent, will you consider it as a loan given on concessional terms?”

Funding Mitigation Versus Adaptation

Climate finance usually aids two solutions: Mitigation and adaptation. Mitigation refers to efforts aimed at reducing greenhouse-gas emissions like investments in renewable energy technologies or even making existing energy generation more efficient. Adaptation means remodeling and reorganizing society and the physical environment to address risks posed by climate change. Climate adaptation includes enhancing the resilience of coastal communities with nature-based solutions like restoration of mangroves and providing food security with climate-resilient agricultural practices.

Here, too, disparities exist between the needs of developing countries and what the developed world actually delivers.

Little doubt remains that climate change disproportionately impacts the Global South, given pre-existing conditions like food insecurity and lack of adequate healthcare. And so, countries in this region need as much financial support, if not more, for adaptation as they do for undertaking mitigation measures to arrest the global temperature rise. Even the Paris Agreement recognizes developing countries need equal amounts of funding towards mitigation and adaptation. But funding flows largely towards mitigation.

Oxfam points out 66 percent of global public climate finance supported mitigation while only 25 percent went toward adaptation. “Profitability drives the flow of money,” Dutt said, noting how climate finance goes toward mitigation efforts—like enhancing deployment in the renewable energy sector—and not to adaptation. But this is where public finance—or that which is provided by taxpayer money—can flow.

It also is unclear if developing countries have undertaken climate-change impact assessments and drafted clear policies aimed at mitigation, which could then be implemented using international climate financing.

Developing Homegrown Climate Technology

Article 4.5 of the UNFCCC states developed countries have undertaken a commitment to 

“take all practicable steps to promote, facilitate and finance, as appropriate, the transfer of, or access to environmentally sound technologies and knowledge to other Parties, particularly developing country Parties, to enable them to implement the provisions of the Convention.” 

But little clarity is available on what “practicable” entails, what “as appropriate” means and what “environmentally sound technologies” encompass.

More rudimentary questions exist about whether developing countries like India need technology transfers.

“Renewable energy technologies like modules and inverters are produced at a mass scale across the world and even in India. These technologies are well-understood,” Dutt said. The only challenge, Dutt added, is India has not been able to produce renewable-energy equipment at globally competitive rates.

Expressing similar concerns, Bhushan spoke of how technologies like solar photovoltaic (PV) panels have hundreds of parts and algorithms that could have hundreds of intellectual property rights (IPRs). “Many of these IPRs are from developing countries themselves,” he noted. These IPRs are then packaged together and sold to companies to manufacture solar PV modules and panels. “Technology transfer is not like giving a formula to someone to produce a chemical. It is a combination of hundreds of formulas, many owned by Indians themselves,” Bhushan said. “The bottomline is, if you have money, you can buy whatever technology you want.” And so, the issue is not about freeing technology, like with the COVID-19 vaccines.

India has largely handled its own mitigation pathway because the country has access to renewable-energy technologies—both imported and domestically produced. Bhushan said talk of technology transfer is largely rhetoric without substantive demands detailing what exactly developing countries need.

Rishika Pardikar is a freelance journalist in Bangalore, India.

From Here to Equality by William A. Darity, Jr., and A. Kristen Mullen (University of North Carolina Press, 2020)

This year represents a pivotal moment in U.S. history and presents a unique opportunity to explore the primary cause behind its great wealth. In August 1619, about 20 enslaved Africans aboard an English ship called “White Lion” arrived from present-day Angola on the shores of what is now Hampton, Virginia. Over the next three centuries, multitudes of enslaved Africans would go on to endure some of the most oppressive, degrading and inhumane treatment in world history under the rule of U.S. law, while helping build the economic foundation that would allow the United States to become one of the wealthiest countries.

On July 4, 1776, the U.S. Declaration of Independence was signed into law, thus declaring the original 13 colonies free from British rule and paving the way for the formation of the United States of America. July 4, 2022, marked the 246th anniversary of this document. What cannot be overlooked is the amount of time that has passed between July 1776 and now: 246 years and three months. In the meantime, slavery in United States officially began in August 1619 and was legally abolished on December 18, 1865, due to the 13th Amendment. From August 1619 to December 18, 1865, is a timespan of 246 years and four months. That means that the institution of slavery in the United States is one month older than the country’s history as a state free from British rule.

The nearly equidistant relationship between the duration of slavery and the history of the United States as a “free nation” is relevant for several reasons. History is essentially the study of events that have taken place over a given time-period. Some people seek to minimize U.S. slavery’s economic and social impact by pushing it into the distant past. When Joe Biden was running for the U.S. presidency in 2020, his remarks from the 1970s about reparations resurfaced: “I’ll be damned if I feel responsible to pay for what happened 300 years ago.” At the time, the United States was barely 100 years removed from slavery. The issue with his declaration is it not only lacks a factual foundation. It also goes against the wartime order of “40 acres and a mule” that Union General William Tecumseh Sherman made in 1865 during the Civil War. Following his presidential victory in 1865, Andrew Johnson issued a proclamation that reversed Sherman’s attempt to redistribute land to former slaves. Nearly all the land redistributed during the war was restored to its pre-war white owners.

What makes From Here to Equality (2020) poignant is its ability to effectively quantify the economic and social impact of slavery, while elucidating a simple and just solution: Reparations. The book begins with Darity and Mullen highlighting initial attempts for reparations by Black activists like Frederick Douglass, Callie D. Guy House and others following the aftermath of slavery. In 1898, House joined forces with Isaiah Dickerson to charter the National Ex-Slave Mutual Relief, Bounty, and Pension Association (MRBP) in Nashville, Tennessee. According to Darity and Mullen (pg. 24), the MRBP’s mission was four-fold: 

1. “identify ex-slaves and add their names to the petition for a pension;
2. lobby Congress to provide pensions for the nation’s estimated 1.9 million ex-slaves—21 percent of all African-Americans by 1899;
3. start local chapters and provide members with financial assistance when they became incapacitated by illness; and
4. provide a burial assistance payment when the member died.”

However, many people within the U.S. government felt threatened by the organization’s push for reparations.

As a result, House was convicted and jailed for almost a year due to claims that (pg. 25) “they (MRBP) had obtained money from the formerly enslaved by fraudulent circulars proclaiming that pensions and reparations were forthcoming.” The practice of U.S. government officials interfering with organizations that seek the liberation of Black people would continue well into the 1900s. Black leaders like Marcus Garvey, Elijah Muhammad, the Rev. Dr. Martin Luther King, Jr., and others would all experience U.S. government repression. In 1999, the U.S. government was found guilty of conspiring to assassinate Dr. King.

From Here to Equality effectively articulates the relationship between slavery and the extreme wealth gap that exists between Black people and white people. (pg. 26)

“It is important to acknowledge that whites control political and economic power in this country. No shift in the power relationship will be possible unless the society as a whole takes action to transform the structural conditions to make racial equality a real possibility. Given the existing distribution of financial and real resources, blacks cannot close the racial wealth gap by independent and autonomous action.”

According to the 2016 Survey of Consumer Finances, “median black household net worth ($17,600) is only one-tenth of white net worth ($171,000).” The main reason is because after slavery ended, no lasting reparations were given to Black people in the form of land or wealth. Therefore, the myth that Black people can close the wealth gap through “hard work and determination” is completely illogical.

From Here to Equality is unlike any other book written about slavery, its impact on the global economy, and what’s owed to the descendants of slaves. The present moment represents a unique opportunity for the U.S. government to earnestly reckon with one of the greatest sins of its past and implement a reparations program that can help repair the conditions of Black people in the United States. Darity and Mullen close out their work by introducing (pg. 487) “several compelling calculations for monetary restitution.”

One of the more conservative estimates shows that each eligible Black descendant of U.S. slavery is owed $267,000. While H.R. 40, the 2021 congressional bill that establishes the Commission to Study and Develop Reparations Proposals for African Americans is a step in the right direction, significant pressure should be applied to not only Congress but all politicians to ensure that reparations are paid out to the Black descendants of U.S. slavery.

Timothy Harun is a writer and actor based in Los Angeles. He holds a B.A. in journalism from Hampton University.

The Black Alliance for Peace (BAP), along with partner organizations, held events April 4 in three countries across the Americas to launch an effort to activate popular movements in the region in support of a call for a “Zone of Peace.”

The Community of Latin American and Caribbean States (CELAC) declared the Americas region a “Zone of Peace” in 2014. This came in response to centuries of oppression at the hands of Europe and, later, the United States. U.S. policy has related to Latin America and the Caribbean as the United States’ “backyard” ever since the Monroe Doctrine was announced in 1823.

“The U.S. declared the European states must stay out of the hemisphere, which meant the United States was claiming the entire region as its own,” said Margaret Kimberley, a BAP Coordinating Committee member, who spoke at a BAP press conference held April 4 in Washington, D.C. She added CELAC exists to counter the Organization of American States (OAS), a multilateral organization based in Washington, D.C., and known for backing U.S. policies in Latin America and the Caribbean.

After years of struggle and U.S. sanctions that have been linked to the deaths of 40,000 people in 2018, socialist-led Venezuela completed its withdrawal from the OAS in 2020. Meanwhile, another socialist country, Nicaragua, announced it was exiting in 2021.

“Biden says it is the ‘front yard’ in a clumsy attempt to be somewhat progressive,” Ajamu Baraka, chairperson of BAP’s Coordinating Committee, told Jacqueline Luqman and Sean Blackmon on the day after the launch, April 5, on “By Any Means Necessary,” an afternoon talk show on Radio Sputnik.

Launch events were held in Port-au-Prince, Haiti; Washington, D.C., USA; and in Havana, Cuba, where the call for a Zone of Peace was initially made in 2014. The event in Port-au-Prince involved eight hours of activities, ranging from performances, talks, exchanges, and graffiti and sign-making.

The launch took place on BAP’s 6th anniversary, which is the 55th anniversary of the assassination of the Rev. Dr. Martin Luther King, Jr. Exactly one year prior to his murder, King had publicly denounced the U.S. war on Vietnam, as well as what he identified as the three pillars of U.S. society: Materialism, militarism and racism.

“This campaign will be informed by the Black Radical Peace Tradition,” reads BAP’s press release. “With its focus on the structures and interests that generate war and state violence—colonialism, patriarchy, capitalism and all forms of imperialism—the fight for a Zone of Peace is an attempt to expel all of these nefarious forces from our region.”

BAP describes the reason behind the use of “Our Americas” on its website:

Nuestra América is a term revolutionary forces in the Americas have used to assert themselves against colonialism and imperialism by claiming one contiguous land mass stretching from Canada to Chile for all of the historically oppressed peoples of the region. BAP has translated the singular Nuestra América (Our America) into the plural “Our Americas” to help bridge the gap between the U.S. usage, “America,” that describes the United States as the only “America” and the concept put forth by revolutionary forces.

However, Baraka distinguished the campaign’s target.

“We’re not talking about the people of the U.S.,” he told “By Any Means Necessary.” “We’re talking about this settler-colonial state. We know [the United States] cannot exist as a settler-colonial state if it gave up its militarism.”

BAP also issued six “initial core demands”:

1. Dismantle SOUTHCOM. Shut down the 76 U.S. military bases in the region
2. End U.S./NATO military exercises. Close foreign military bases, installations and enclaves, as well as withdraw foreign occupation troops
3. Disband U.S.-sponsored state terrorist training facilities. Shutter the “Western Hemisphere Institute for Security Cooperation” (WHINSEC)—formerly the School of the Americas—in Fort Benning, Georgia, United States, and terminate U.S.—as well as foreign—training of police forces
4. Oppose military intervention into Haiti. Support the people(s)-centered movement for democracy and self-determination
5. Return Guantánamo to Cuba. The United States must give back to the Cuban people and their government the territory it illegally occupies
6. Sanctions are war. End illegal sanctions and blockades of regional states, including all economic warfare and lawfare, and recognize their sovereignty

Yet, BAP is clear the method for going about this work must be different than what has emerged from predominantly-white organizations based in the United States.

“This work must be de-colonial, anti-imperialist, advance a People(s)-Centered Human Rights (PCHRs) framework, and be conducted across at least five languages: English, Spanish, Portuguese, French and Haitian Creole,” BAP states on its website.

Jemima Pierre, co-coordinator of BAP’s Haiti/Americas Team, said at the press conference that the United States uses multi-lateral organizations like the OAS to oppress the peoples of the Americas. And, so, of the initial approximately 25 organizations that had signed onto the campaign before it had been launched, more than half are based outside the United States and Canada. Some of the partner organizations that will help coordinate the effort include:

• MOLEGHAF (Haiti)
• REDH (Network In Defense of Humanity) (Cuba)
  
• Caribbean Organisation for People’s Empowerment
• African People’s Socialist Party (Bahamas, Jamaica, United States)
• Proceso de Comunidades Negras (PCN) (Colombia)
• Asociación de Trabajadores del Campo (Nicaragua)

“Our homelands are not playgrounds for the U.S. to launch its wars of aggression,” said Nina Macapinlac, secretary general of BAYAN USA, an anti-imperialist alliance of 20 organizations dedicated to the liberation of the Philippines. Macapinlac spoke at the Washington, D.C., press conference as a member organization representative of the United National Antiwar Coalition, one of the organizations that BAP has partnered with for the Zone of Peace campaign.

BAP invites organizations and individuals to endorse the Zone of Peace campaign and activate the popular movement element in what they describe as a “multi-phase campaign that aims to build a united-front opposition to liberate our Americas from the U.S./EU/NATO Axis of Domination.” A U.S./NATO Out of the Americas Network will be launched as the mass-based structure of this campaign.

Julie Varughese is editor of Toward Freedom.