For thirty years, the world has looked at COP as the path to climate progress. But the reality is different. COP isn't failing; it's working exactly as it was designed: protecting and further producing capital.
COP has made promises it never intended to keep. It is not about saving the planet, but about protecting profit and power. COP3 was the beginning of the Global North making broken promises. At COP3, the Kyoto Protocol was proposed as a plan to target emissions cuts from industrialized countries. The agreement paved the way for carbon markets, allowing countries and corporations to trade pollution credits instead of actually cutting emissions. The U.S. signed but never ratified it (source), Canada later