Historic Colombia Conference Launches Global Fossil Fuel Phaseout
Key Takeaways
- Colombia hosts a climate conference to draw up a fossil fuel phaseout roadmap.
- Event builds on COP30 efforts to transition away from fossil fuels.
- A new economic superpower could spur global retreat from fossil fuels.
Global Momentum Builds
Nearly 90 of the 195 UN countries are turning away from the UN process and planning a parallel gathering in Colombia.
“After a strong push at COP30 to deliver a process for a global transition away from fossil fuels, the First Conference on Transitioning Away from Fossil Fuels, in Santa Marta, Colombia, is set to be a key boost of momentum for renewed talks on phasing out coal, oil and gas”
The conference aims to build momentum that Saudi-led derailment stalled.
It seeks to codify pathways for phasing out oil, gas and coal and lay groundwork for a global treaty.
Economic Imperative
The conference departs from traditional diplomatic formulas.
The underlying terrain will no longer be principally politics, but economics.
The risk that continuing to prop up fossil fuels will isolate petrostates may create new openings for cooperation.
Human and Planetary Costs
The Iran war is also a climate war.
“A New Economic Superpower Could Spark a Retreat From Fossil Fuels A little-noticed ray of hope may be peeking over the horizon”
The war’s disruptions of oil, gas, fertilizer and other shipments is another reminder of the risks inherent in fossil fuels.
Scientists warn the climate system is very close to a point of no return.
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