• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Environmentclimate change

Key Climate Change in Limbo as Deadly Protests in Chile Erupt

By
Eric J. Lyman
Eric J. Lyman
Down Arrow Button Icon
By
Eric J. Lyman
Eric J. Lyman
Down Arrow Button Icon
October 31, 2019, 2:34 PM ET
A woman stands next to an intervened Chilean national flag during a demonstration against the government economic policies in front of La Moneda presidential palace in Santiago, on October 30, 2019. - Chile pulled out of hosting two major international summits Wednesday as it struggled to restore order amid clashes between protestors and security forces that have left at least 20 dead. President Sebastian Pinera said "common sense" had dictated the decision to withdraw from the Asia Pacific Economic Cooperation summit and the Cop 25 climate change conference. (Photo by Pedro Ugarte / AFP) (Photo by PEDRO UGARTE/AFP via Getty Images)
A woman stands next to an intervened Chilean national flag during a demonstration against the government economic policies in front of La Moneda presidential palace in Santiago, on October 30, 2019. - Chile pulled out of hosting two major international summits Wednesday as it struggled to restore order amid clashes between protestors and security forces that have left at least 20 dead. President Sebastian Pinera said "common sense" had dictated the decision to withdraw from the Asia Pacific Economic Cooperation summit and the Cop 25 climate change conference. (Photo by Pedro Ugarte / AFP) (Photo by PEDRO UGARTE/AFP via Getty Images)Pedro Ugarte—AFP/Getty Images
Add Fortune on Google for similar content.

Protestors in Chile, enraged by low wages and pensions, rising costs of living and even by the impacts of climate change on their daily lives, may have inadvertently set back the worldwide climate negotiation process after escalating street violence led to the cancelation of a key climate summit in their nation’s capital.

The weeks of protests—which have so far left 20 dead, hundreds injured, and have put pressure on President Sebastian Pinera to step down—are the bloodiest in Chile in more than a generation. They have forced Pinera to back out as host of two major summits: the Nov. 16-17 Asia-Pacific Economic Cooperation (APEC) gathering and the 25th Conference of the Parties (COP-25) set for Dec. 2-13.

It is the first time a host for either gathering has backed out so close to the events’ opening session.

The APEC decision is significant as it’s where President Donald Trump said he had planned to sign a new trade deal with China. 

But Chile’s cancellation of COP-25 could likely have far-reaching consequences, too. For starters, the countries are supposed to submit at COP-25 their national plans on climate action, which could include anything from mitigation strategies that involve reducing emissions to new climate adaptation plans for their citizens.

The clock is ticking

The Inter-governmental Panel on Climate Change said last year that “global carbon dioxide emissions [must] start to decline well before 2030”—a statement that gave birth to the “12-year deadline” mantra popular with climate advocacy groups. That set the clock ticking for countries and industry alike to address the impact emissions that they generate will have on the global environment.

With COP-25 in limbo, some now fear that it could set the process back by months, if not a full year, when it really cannot spare any kind of delay.

“What we are seeing is clear evidence of the need to implement transformational changes of the current development paradigm towards a new model of development,” said Alejandro Aleman, head climate change officer for the Centro Humboldt, a climate advocacy group in Nicaragua. 

Formally, the United Nations is now scrambling to find an alternative host site for the talks. Madrid has offered to step in and host, UN organizers said late on Thursday.

Earlier in the day on Thursday, sources close to the process told Fortune that should a new host not come to the fore, the most likely outcome would be a scaled-down version of the meetings to be held in Bonn, Germany, near the headquarters of the UN’s climate change secretariat. Regardless, it remains far from clear the impact a change of venue barely five weeks before the start of talks will have.

What is clear, officials say, is that growing levels of economic and political unrest in hotspots around the world are having a negative impact on already slow-moving climate negotiations, even before the Chilean government hastily canceled the talks on Wednesday.

First Brazil, now Chile

In 2018, Brazil emerged as the favorite to host the annual COP-25 talks, which rotate between five geographic regions. But those plans were dropped amid opposition from populist groups, in particular those who support Brazilian president Jair Bolsonaro, a climate skeptic. 

Next year’s summit, COP-26, is set to take place in Great Britain (Italy will host some lead-up meetings), which may still be on its heels after what will, by then, be four years of Brexit fallout.

And next week, the United States will begin the process of formally withdrawing from the 2015 Paris Agreement after the required three-year waiting period expires. The U.S. withdrawal cannot be completed in less than a year, which means the earliest it will become final will be Nov. 4, 2020 (the day after the upcoming presidential election).

The COP-25 talks are the successor to the high-profile COP-3 meetings in Kyoto, the COP-15 negotiations in Copenhagen, and COP-21, which produced the Paris Agreement.

The latter summit is why the talks in the Chilean capital of Santiago are so key. The Paris Agreement is a complex set of goals aimed at keeping global climate change to within a maximum of 2 degrees Celsius (3.6 degrees Fahrenheit) this century. Countries were supposed to start revealing the steps they plan to take to reach that goal in Santiago.

But the daily turmoil in the streets of the capital is shifting the world’s attention from one crisis to another.

“Across the world, the vast majority of people agree that climate change is a serious threat,” John Virtanen, a Helsinki-based author and analyst specializing in geopolitical trends, told Fortune. “The problem is that poverty, an erosion in their quality of life, violence, and other issues are even more pressing issues for them. The economic circumstances are now forcing them to make a choice.”

This story has been updated to reflect the news that Madrid has offered to host COP-25.

More must-read stories from Fortune:

—Brexit is being delayed yet again. So what happens now?
—Young professionals are buying fixer-uppers in Europe for one euro and starting over
—Norway is a green leader. It’s also drilling more oil wells than ever
—A.I. regulation is coming soon. Here’s what the future may hold
—Offshore wind power’s time has finally come, IEA saysCatch up with Data Sheet, Fortune’s daily digest on the business of tech.

About the Author
By Eric J. Lyman
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

templet
Commentary250 Years of Innovation
This rural Maine factory made 100 million COVID swabs a month. Its CEO says manufacturing’s best days are ahead
By Timothy Templet and Virginia TempletJune 27, 2026
3 hours ago
p
EnvironmentParis
The most coveted accessory at Paris Fashion Week was an ice pack
By Thomas Adamson and The Associated PressJune 26, 2026
21 hours ago
fire
Europeclimate change
Greece tackles climate change wildfire risk with satellite network that can spot a blaze the size of a parking space
By Derek Gatopoulos and The Associated PressJune 26, 2026
21 hours ago
Are Europe’s heat waves deadlier than American gun violence? Kind of—and one of the hottest summers on record is making it worse
EnvironmentEurope
Are Europe’s heat waves deadlier than American gun violence? Kind of—and one of the hottest summers on record is making it worse
By Catherina GioinoJune 26, 2026
22 hours ago
fr
Environmentclimate change
Europe is warming twice as fast as the rest of the planet — and it would be impossible without climate change, study says
By Alexa St. John and The Associated PressJune 26, 2026
23 hours ago
jon
Commentaryphilanthropy
Shell Foundation CEO: climate tech works. Getting it to a billion people who need it is the hard part
By Jonathan BermanJune 26, 2026
1 day ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
2 days ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
3 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
4 hours ago
Current price of oil as of June 26, 2026
Personal Finance
Current price of oil as of June 26, 2026
By Joseph HostetlerJune 26, 2026
1 day ago
Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
Economy
Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
By Nick LichtenbergJune 26, 2026
1 day ago
The bond market knows something about the $39 trillion national debt that Washington doesn’t
Economy
The bond market knows something about the $39 trillion national debt that Washington doesn’t
By Eva RoytburgJune 25, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.