Colombia Summit Drafts Fossil‑Fuel Phase‑Out Roadmaps

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- Colombia and the Netherlands hosted a conference in Santa Marta that brought together 57 countries, including the EU, UK, Canada, Nigeria and Norway, to discuss fossil‑fuel phase‑out roadmaps.
- European Union was among the participants, signaling a coalition of the willing that mixes climate leaders with major oil exporters.
- France became the first high‑income nation to publish a fossil‑fuel phase‑out road map, setting deadlines to end coal use by 2030, oil by 2045 and gas by 2050.
- Colombia’s own roadmap, unveiled by academics, targets a 90 % cut in energy emissions by 2050 and projects $280 billion in economic benefits.
- Jeni Miller of the Global Climate and Health Alliance highlighted the need to end hydrocarbon subsidies and redirect those funds toward climate finance.
- Simon Sharpe of S‑Curve Economics argued that road maps are limited without incentives for heavy‑industry decarbonisation and noted that China, India and South Africa were not invited.
- Joanna Depledge of the University of Cambridge said the summit’s success will hinge on how its ambitions translate into agreements at COP31 in Turkey.
Why it matters: The road‑map initiative gives participating governments a concrete plan to shift investment from hydrocarbons to renewables, promising economic gains such as Colombia’s projected $280 billion benefit while pressuring fossil‑fuel exporters and subsidy‑dependent economies to reallocate financing toward climate projects and could reduce emissions significantly.



