Overview
- Roughly 50–60 governments are meeting in Santa Marta, Colombia to trade financing, regulatory, and planning tools to transition away from coal, oil, and gas.
- International Energy Agency chief Fatih Birol said the Iran war has broken fossil fuel markets beyond repair, a shock he said will speed the shift to renewables.
- A scientific panel published a 12‑point policy menu that urges governments to stop new and expanding fossil fuel extraction and infrastructure projects.
- The talks bring together a coalition of willing nations without the United States, China, or major Gulf producers, while including large economies such as Germany, Brazil, Canada, and Nigeria.
- Organizers plan a follow‑up this year and intend to feed the conference’s results into the next UN climate summit in Turkey in November.