Berliner Boersenzeitung - Nations gather for first-ever conference on fossil fuel exit

EUR -
AED 4.097449
AFN 71.405838
ALL 90.616631
AMD 401.812176
ANG 1.996881
AOA 1024.222003
ARS 1713.62359
AUD 1.586729
AWG 2.011067
AZN 1.901136
BAM 1.949248
BBD 2.247416
BDT 138.524382
BGN 1.950072
BHD 0.421299
BIF 3348.664286
BMD 1.11571
BND 1.425553
BOB 13.529886
BRL 6.07404
BSD 1.115884
BTN 105.894855
BWP 15.416733
BYN 3.286955
BYR 21867.912013
BZD 2.244137
CAD 1.557179
CDF 2582.868583
CHF 0.919211
CLF 0.028029
CLP 1106.739931
CNY 7.431859
CNH 7.423714
COP 3564.257673
CRC 507.410374
CUC 1.11571
CUP 26.778989
CVE 109.89512
CZK 24.353323
DJF 198.284384
DKK 7.473331
DOP 67.635085
DZD 151.572144
EGP 62.471162
ERN 16.735647
ETB 180.144444
FJD 2.503323
FKP 0.834157
GBP 0.833173
GEL 2.905153
GGP 0.834157
GHS 12.999654
GIP 0.834157
GMD 82.562922
GNF 9875.80474
GTQ 8.530327
GYD 233.890121
HKD 8.751695
HNL 29.991191
HRK 7.552251
HTG 146.193844
HUF 365.770399
IDR 20257.942776
ILS 3.508417
IMP 0.834157
INR 105.955892
IQD 1691.514361
IRR 2084608.919934
ISK 136.009279
JEP 0.834157
JMD 177.313208
JOD 0.791082
JPY 175.639543
KES 144.89766
KGS 97.567376
KHR 4552.758153
KMF 492.028411
KPW 1004.138774
KRW 1488.758952
KWD 0.347165
KYD 0.92987
KZT 505.929434
LAK 25123.453969
LBP 99922.520078
LKR 371.142489
LRD 189.679884
LSL 18.595196
LTL 3.294401
LVL 0.674882
LYD 7.172858
MAD 10.971273
MDL 19.973579
MGA 5047.215888
MKD 61.373706
MMK 2342.889781
MNT 4014.19357
MOP 9.016372
MRU 45.247533
MUR 52.751181
MVR 17.238138
MWK 1934.449804
MXN 20.968745
MYR 4.527778
MZN 71.305434
NAD 18.595196
NGN 1501.980106
NIO 41.06198
NOK 10.263084
NPR 169.431569
NZD 1.980129
OMR 0.42899
PAB 1.115989
PEN 3.862019
PGK 5.077909
PHP 71.054021
PKR 308.685923
PLN 4.404209
PYG 6537.027277
QAR 4.067528
RON 5.337002
RSD 117.453044
RUB 90.005057
RWF 1647.141366
SAR 4.188821
SBD 8.990619
SCR 15.366815
SDG 671.103544
SEK 10.959674
SGD 1.42586
SHP 0.834925
SLE 25.553845
SLL 23395.881486
SOS 637.665207
SRD 41.972449
STD 23092.94018
STN 24.418688
SVC 9.763183
SYP 14506.458423
SZL 18.59018
THB 37.692586
TJS 10.270839
TMT 3.904984
TND 3.336784
TOP 2.686361
TRY 55.727254
TTD 7.56557
TWD 36.423355
TZS 2946.810525
UAH 50.610698
UGX 4742.208913
USD 1.11571
UYU 44.860819
UZS 13383.494263
VES 990.169911
VND 28789.217736
VUV 133.012093
WST 3.094869
XAF 655.957
XAG 0.022737
XAU 0.000287344858
XCD 3.015262
XCG 2.010941
XDR 0.788865
XOF 655.957
XPF 119.331742
YER 263.534658
ZAR 18.66081
ZMK 10042.73102
ZMW 22.500973
ZWL 359.258099
SSP 6409.974876
MXV 2.363292
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Nations gather for first-ever conference on fossil fuel exit
Nations gather for first-ever conference on fossil fuel exit / Photo: ANDER GILLENEA - AFP

Nations gather for first-ever conference on fossil fuel exit

More than 50 nations are attending a world-first conference on phasing out fossil fuels in Colombia next week as the Iran war underscores how dependent countries remain on planet-heating coal, oil and gas.

Text size:

Ministers arrive in the Caribbean city of Santa Marta against a backdrop of wartime fuel shortages, soaring prices and a scramble for energy security in what the International Energy Agency has called the biggest oil supply shock ever.

The gathering was born out of frustration with consensus-based United Nations climate talks, where efforts to negotiate a fossil fuel exit strategy have stalled.

But organisers say the energy shock caused by Iran's chokehold on the Strait of Hormuz, the key transit point for Gulf oil and gas shipments, has strengthened the case for a fossil fuel phaseout, even as some countries look to coal in the short-term to secure supplies.

Concerns over energy security are expected to shape the high-level discussions over April 28 and 29 as much as climate priorities, analysts say.

The meeting was announced months ago but has taken on "greater relevance" with the energy crisis, said Colombia's environment minister Irene Velez Torres, whose country is co-hosting with the Netherlands.

Major fossil fuel producing nations Australia, Canada and Norway are expected along with developing oil giants Angola, Mexico and Brazil and coal-reliant emerging markets Turkey and Vietnam.

They will join dozens of other countries from small-island developing states to major economies Germany, France and the UK.

However the world's biggest coal, oil and gas producers -- notably the United States, China, Saudi Arabia and Russia -- are skipping the event.

- 'Honest space' -

It will be closely watched for political signals from an emerging coalition of fossil fuel producers and consumers pushing for a phaseout outside the UN process.

Colombia -- a coal and oil exporter -- said the "strategically important" participating countries accounted for one-fifth of global fossil fuel production and nearly one-third of consumption.

Fossil fuel interests have been accused of influencing UN negotiations on climate change and some governments and activists have questioned the involvement of producer nations in Santa Marta.

"The larger the group of countries, the more diffused the interests are and the less chance you've got of getting a sharp outcome," climate scientist Bill Hare, founder of Climate Analytics think tank, told AFP.

Velez Torres said, however, it was a "major step forward" to have producer countries present tackling this "taboo".

"We need to start a more honest space where we can discuss this more openly, and bring all cards to the table. Nobody is saying that the way to eliminating fossil fuels is easy. But we need to bring these people together," she said.

For some, the conference's appeal is partly its distance from the UN climate talks.

"I think the Santa Marta meeting is long overdue," Maina Talia, climate minister of low-lying Tuvalu, told reporters.

- Energy bind -

Roughly twice as much investment goes into clean energy as fossil fuels, which are the primary driver of human-caused climate change.

But heat-trapping emissions from burning coal, oil and gas rose again in 2025 to a record high.

In response to the energy crisis, some countries intend to ramp up coal use to plug short-term supply gaps, underlining the challenge of reducing reliance on fossil fuels even in advanced economies.

Vanuatu's Climate Minister Ralph Regenvanu, whose Pacific Island nation is highly reliant on energy imports, told reporters the crisis was "unequivocally a call to lessen dependence on fossil fuels for everyone".

"We're very much looking forward to being first movers in this space," said Regenvanu.

Nearly 200 countries agreed at COP28 in 2023 to transition away from fossil fuels but efforts to turn that pledge into action have faced strong resistance since.

Tensions boiled over at COP30 in Brazil in November when nations could not even agree to include an explicit reference to fossil fuels in the final deal.

Santa Marta was less a rival to the UN talks than an opportunity for motivated nations "to take concrete steps forward", said Beth Walker, an analyst from the E3G think tank.

"There's a lot of difficult questions and issues to grapple with, but this is an important conversation and I think can start to create its own legitimacy and momentum in the long run," Walker told AFP.

No major announcements are expected but the conference's recommendations will feed into a voluntary "roadmap" away from fossil fuels being led by Brazil.

(K.Lüdke--BBZ)