France, Colombia Push Fossil‑Fuel Phase‑Out at Summit
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- France unveiled a pilot roadmap to phase out coal by 2030, oil by 2045, and gas by 2050, and to electrify heating and transport.
- Colombia drafted a roadmap to largely ditch fossil fuels by 2050, estimating $280 billion in economic benefits.
- Conference on Transitioning Away From Fossil Fuels gathered >50 countries representing ~⅓ of global GDP and pledged to align trade and finance policies with transition plans.
- Netherlands co‑hosted the conference with Colombia during the closing days of COP30 in Belém, Brazil.
- Tuvalu will host the next summit in early 2027 to keep momentum on fossil‑fuel phase‑out.
Why it matters: France and Colombia lock in concrete phase‑out dates, unlocking $280 billion for Colombia and cutting demand for oil, gas, and coal, which forces fossil‑fuel producers to shrink while spurring global trade‑finance realignment.
