Colombia and Netherlands Lead Global Summit on Fossil Fuel Phase-Out
A coalition of 57 countries, led by Colombia and the Netherlands, convened in Santa Marta, Colombia, to discuss transitioning away from fossil fuels. This meeting, which included major oil exporters like Canada, Nigeria, and Norway, aimed to develop national roadmaps for reducing reliance on fossil fuels. The summit was a response to stalled progress at the COP climate meetings, where major emitters like the US and China were absent. The focus was on accelerating the shift to renewable energy sources and addressing financial systems that favor fossil fuels. Participants discussed redirecting government subsidies from fossil fuels to climate finance and developing strategies to phase out fossil fuel consumption and exports.