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Fossil Fuel Exit Talks in Colombia Shift From Pledges to Plans

Financing barriers emerged as the chief test for developing countries.

Overview

  • The Santa Marta conference, which wrapped up Wednesday, produced non-binding steps and a clearer focus on how to phase out coal, oil and gas.
  • Delegates launched a new Scientific Panel for the Global Energy Transition to give governments practical pathways and funding advice.
  • Participants highlighted debt and high borrowing costs as the main roadblocks, with calls for relief and new tools to pay for clean energy.
  • Roughly 56–57 countries took part, including Canada, Norway, Angola and Brazil, while the United States, China, Saudi Arabia and Russia did not attend.
  • Organizers set up finance and labor working groups and named Tuvalu with Ireland as 2027 hosts to carry voluntary roadmaps into future UN discussions.