Overview
- The Santa Marta meeting, which wrapped up Wednesday, brought together representatives from roughly 56 to 59 countries to plan how to wind down coal, oil and gas without sealing any binding deal.
- Delegates launched the Scientific Panel for the Global Energy Transition to advise governments, created working groups on finance and labor transitions, and committed to draft voluntary national phaseout roadmaps.
- France unveiled a national plan that targets coal by 2027, oil by 2045 and gas by 2050, offering a template for roadmaps even as it largely restates existing goals.
- Financing emerged as the main hurdle for many lower‑income and producer countries, with high debt and borrowing costs steering some toward new oil, gas and coal projects instead of clean energy.
- The coalition met outside the UN process and did not include the US, China, Saudi Arabia or Russia, and organizers said the effort will continue with Tuvalu hosting in 2027 and could influence the agenda at COP31.