President Petro, an economist by training who specializes in environmental and population development, said, “We have an economic system that links cheap labor, carbon-based fuels, and profits” and “we’re facing a very serious global political problem — the problems of World War II, the Cold War are nothing compared to what we’re facing now.”
Humankind, Petro said, must “join together in a revolution against capital.” He called for more “power to the people” and that all states around the world operate in a multilateral approach to address ways to alleviate the climate crisis.
“The markets will not fix the climate crisis and save humanity,” and a new type of economy, one that’s not driven by carbon-based profits but by the general welfare of all people, must emerge to ensure the survival of future generations.
He said the origins of the crisis began with the current Anthropocene Era, which describes the most recent period in Earth’s history when human activity started to have a significant impact on the planet's climate and ecosystems. The “greedy and never-ending consumption of products related to fossil fuel energy” has landed humanity in its current predicament.
“We, the consumers, are the guilty and the ones to blame,” Petro said.
The Colombian president said that fossil fuels are used to maximize profits and that the climate crisis is the logical result of the accumulation of capital in the hands of a few.
And on top of this, he added, the political and economic establishments haven’t historically listened to the science about what happens when carbon is issued into the atmosphere and the social imbalance that follows. He expressed doubt that the current system of capitalism can achieve environmental progress based on the current data he observes.
“To leave markets with free reign will not lead to the maximum well-being of all, but virtually to extinction,” he said.
He concluded, “We are running out of time.”
On April 20, President Joe Biden will host President Petro for a bilateral meeting at the White House to discuss topics such as climate change, and economic and security cooperation.
Petro won Colombia’s presidential election in June 2022 with the support of voters frustrated by rising poverty and violence. He has vowed to bring peace to his nation of 50 million after decades of conflict. Time magazine recently named him one of the “100 Most Influential People of 2023.”
Under Petro, Colombia earlier this year announced that it will not approve any new oil and gas exploration projects as it seeks to shift away from fossil fuels and toward a new sustainable economy.