US EditionColombia 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.
41 Articles
41 Articles
Associated Press News
Colombia climate conference highlights lack of financing for shift from fossil fuels
A lack of financing is emerging as a major barrier to moving away from fossil fuels, officials and experts said at a global conference in Colombia.
Colombian Environment Minister Irene Velez Torres brings together about 50 states to accelerate the energy transition on which the UN COPs are only getting little progress
US President Donald Trump is a veteran climate crisis negationist and an ally of the oil industry. However, he does more than anyone to accelerate the global shift from fossil fuels to clean energy...
Fisherfolk rally against fossil fuels
The Pakistan Fisherfolk Forum staged a protest in Ibrahim Hyderi on Sunday to highlight environmental concerns and demand a shift away from fossil fuels, in connection with the ongoing global conference in Santa Marta, Colombia. A large number of fishermen participated in the demonstration, calling for climate justice and a fair energy transition. Addressing the gathering, the forum's Senior Vice Chairperson Fatima Majeed said thousands of peopl…
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