Colombia climate conference highlights lack of financing for shift from fossil fuels
More than 50 countries are meeting to draft road maps and financing tools for a managed fossil-fuel phaseout as energy shocks expose supply risks.
- On Friday, more than 50 countries convened in Santa Marta, Colombia, to establish a dedicated political space for the managed decline of coal, oil, and gas.
- Mounting impatience with the slow pace of United Nations climate negotiations spurred Colombia and the Netherlands to form this 'coalition of the willing' after previous summits failed to produce concrete phaseout agreements.
- Alongside state delegations, more than 1,500 civil society participants are attending, with a parallel 'People's Summit' involving more than 900 organizations ensuring grassroots voices influence official outcomes.
- The conference opened amid a severe global oil shock triggered by the war in Iran, with the International Energy Agency reporting supply fell 10.1 million barrels per day in March, calling it 'the largest disruption in history.'
- While participants seek to create policy certainty for clean energy investments, EU climate commissioner Wopke Hoekstra noted that the world's three largest greenhouse gas emitters—China, the U.S., and India—remain absent from the discussions.
127 Articles
127 Articles
Exiting Fossil Fuels Key To Energy Security, Nigeria, Other Countries Agree At Colombia Talks
Nigeria on Tuesday joined about 60 nations in the first global talks on phasing out fossil fuels, which kicked off in Colombia on Tuesday, casting an exit from oil and gas as not just a climate priority but vital for energy independence. Ministers are seeking to reignite the shift away from planet-heating fossil fuels at the conference in Santa Marta amid a deepening global energy crisis triggered by the Iran war. “We in Europe…are losing half a…
Experts and NGOs from 50 countries met in Santa Marta, Colombia, at the first Conference on the Transition to Abandon Fossil Fuels
Pacific Daily News
Exiting fossil fuels key to energy security: nations at Colombia talks
The first global talks on phasing out fossil fuels kicked off in Colombia on Tuesday with nations casting an exit from oil and gas as not just a climate priority but vital for energy independence.
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