Global Management and the COP21 Process: Climate Change as Juggernaut

Abstract

Examining the status quo with regard to emissions, energy and GDP leads to a pessimistic view on the feasibility of the COP21. Achieving its 3 major goals will be very difficult for a majority of countries. Only a few nations have started the decarbonisation process. And many countries is in dire need for financial assistance from the Super Fund in the COP21. This sets up the management task of the 21rst century on a global scale. The colossal sum of 100 billion dollars a year is mentioned in the COP21. Probably decarbonisation will prove so expensive, given the enormous reliance of most countries on fossil fuels and traditional renewables. But managing this gigantic money in a successful manner is a hercukean task in global governance. To which countries should major financial assistance go? This paper discusses a few options.