60 Nations Meet in Colombia to Phase Out Fossil Fuel
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- Santa Marta hosts a gathering of about 60 nations representing roughly one‑fifth of global fossil‑fuel supply, marking the first coordinated attempt to plan a complete phase‑out of coal, oil and gas.
- Rachel Kyte pledges UK support to countries seeking a clean‑energy transition, emphasizing the sharing of the UK's own experience in driving energy security with renewable power.
- Johan Rockström warns that the world will likely exceed the 1.5 °C warming threshold within the next three‑to‑five years, underscoring the urgency of the meeting’s agenda.
- Mary Robinson highlights that recent Middle‑East conflicts have spiked oil prices, reinforcing the need for energy‑security‑focused renewable adoption.
Why it matters: Renewable‑energy investors gain a clearer market signal, while fossil‑fuel producers risk losing up to 20 % of revenue as the 60‑nation pact accelerates clean‑power projects; the shift also deepens geopolitical leverage for countries securing energy independence.
