The Fort Worth Press - Nations kick off world-first fossil fuel exit talks in Colombia

USD -
AED 3.672494
AFN 64.000493
ALL 81.450493
AMD 370.780251
ANG 1.789884
AOA 917.999881
ARS 1392.559404
AUD 1.38748
AWG 1.8
AZN 1.695216
BAM 1.669697
BBD 2.01454
BDT 122.725158
BGN 1.668102
BHD 0.37765
BIF 2976
BMD 1
BND 1.275896
BOB 6.911331
BRL 4.954702
BSD 1.000226
BTN 94.881811
BWP 13.592996
BYN 2.822528
BYR 19600
BZD 2.011629
CAD 1.35921
CDF 2319.999847
CHF 0.780701
CLF 0.022861
CLP 899.749905
CNY 6.82825
CNH 6.816975
COP 3657.25
CRC 454.73562
CUC 1
CUP 26.5
CVE 94.449942
CZK 20.76365
DJF 177.719703
DKK 6.36849
DOP 59.49346
DZD 132.464709
EGP 53.495099
ERN 15
ETB 156.999734
EUR 0.85227
FJD 2.190603
FKP 0.736618
GBP 0.735645
GEL 2.679571
GGP 0.736618
GHS 11.202571
GIP 0.736618
GMD 72.99985
GNF 8774.999794
GTQ 7.641507
GYD 209.25239
HKD 7.833965
HNL 26.619786
HRK 6.4231
HTG 131.024649
HUF 308.5225
IDR 17376
ILS 2.94745
IMP 0.736618
INR 94.92485
IQD 1310
IRR 1313999.999982
ISK 122.559434
JEP 0.736618
JMD 156.725146
JOD 0.708968
JPY 156.774502
KES 129.095472
KGS 87.420496
KHR 4012.502072
KMF 420.000157
KPW 899.999976
KRW 1468.440084
KWD 0.307899
KYD 0.833543
KZT 463.288124
LAK 21979.999983
LBP 89550.000285
LKR 319.671116
LRD 183.875001
LSL 16.659854
LTL 2.95274
LVL 0.604891
LYD 6.349683
MAD 9.251249
MDL 17.233504
MGA 4150.000427
MKD 52.539606
MMK 2099.490131
MNT 3577.850535
MOP 8.070846
MRU 39.969687
MUR 46.76048
MVR 15.455009
MWK 1741.552774
MXN 17.429855
MYR 3.952497
MZN 63.895715
NAD 16.660055
NGN 1375.980277
NIO 36.71013
NOK 9.27605
NPR 151.803598
NZD 1.689805
OMR 0.384489
PAB 1.000201
PEN 3.507503
PGK 4.33875
PHP 61.469602
PKR 278.77498
PLN 3.61942
PYG 6151.626275
QAR 3.643499
RON 4.429904
RSD 99.996991
RUB 75.001641
RWF 1461.5
SAR 3.74998
SBD 8.04211
SCR 14.88162
SDG 600.499176
SEK 9.213799
SGD 1.27268
SHP 0.746601
SLE 24.599275
SLL 20969.496166
SOS 571.000167
SRD 37.457968
STD 20697.981008
STN 21.21
SVC 8.7523
SYP 110.524981
SZL 16.659994
THB 32.417043
TJS 9.381822
TMT 3.505
TND 2.88175
TOP 2.40776
TRY 45.19573
TTD 6.789386
TWD 31.590949
TZS 2610.000207
UAH 43.949336
UGX 3760.987334
UYU 39.889518
UZS 11949.999996
VES 488.942755
VND 26338.5
VUV 117.651389
WST 2.715189
XAF 560.041494
XAG 0.013321
XAU 0.000218
XCD 2.70255
XCG 1.80265
XDR 0.69563
XOF 559.99986
XPF 102.15034
YER 238.600947
ZAR 16.58375
ZMK 9001.195339
ZMW 18.67895
ZWL 321.999592
  • RBGPF

    0.5000

    63.1

    +0.79%

  • CMSC

    0.0600

    22.88

    +0.26%

  • RIO

    0.1000

    100.58

    +0.1%

  • CMSD

    0.1500

    23.28

    +0.64%

  • GSK

    -0.7000

    51.61

    -1.36%

  • RYCEF

    0.5500

    16.35

    +3.36%

  • BCE

    0.1800

    23.96

    +0.75%

  • NGG

    -1.0600

    88.48

    -1.2%

  • RELX

    -0.2400

    36.35

    -0.66%

  • BCC

    -1.1400

    78.13

    -1.46%

  • VOD

    0.3500

    16.15

    +2.17%

  • AZN

    -2.6300

    184.74

    -1.42%

  • BTI

    -0.0900

    58.71

    -0.15%

  • BP

    -0.9700

    46.41

    -2.09%

  • JRI

    -0.0100

    12.98

    -0.08%

Nations kick off world-first fossil fuel exit talks in Colombia
Nations kick off world-first fossil fuel exit talks in Colombia / Photo: © AFP

Nations kick off world-first fossil fuel exit talks in Colombia

More than 50 nations gathered in Colombia launched the first global conference on phasing out fossil fuels Tuesday, warning that the worldwide energy shock ignited by the Iran war drove home risks of relying on oil, gas and coal.

Text size:

Ministers and climate envoys aim to revive the transition from fossil fuels at the inaugural conference in Santa Marta against a backdrop of crippling global energy shortages and soaring fuel prices.

"Let's make this a turning point in history," Colombia's Environment Minister Irene Velez Torres said as she opened the two-day talks.

The conference bypasses the United Nations climate talks and reflects a growing impatience with its failure to tackle fossil fuels, the main driver of global warming.

But ministers said the volatility driven by the Middle East conflict also underscored the energy security imperative of shifting to renewables.

"We in Europe... are losing half a billion euros each day this war continues," the bloc's climate envoy Wopke Hoekstra told delegates in the coastal city.

"We already had a very good reason to move on (from fossil fuels) for climate action... We now also have it for commercial reasons, and reasons of independence."

The conference was announced late last year but organizers say the Middle East war -- which has seen Gulf exports plummet -- had bolstered the case for a fossil fuel phaseout.

Some governments are however weighing short-term increases to fossil fuel production to plug supply gaps, illustrating the tensions between climate ambition and energy security.

On the list of attendees are major fossil fuel producers Canada, Norway and Australia, and developing oil giants Nigeria, Angola and Brazil.

They join coal-reliant emerging markets Turkey and Vietnam, and small island nations extremely vulnerable to climate shocks, among others.

But the world's biggest emitters of greenhouse gases -- including the United States, China and India -- are not attending, nor are oil-rich Gulf states.

- 'Good faith' -

The conference is not expected to produce binding commitments but a scientific panel has asked governments taking part to consider a halt on new fossil fuel expansion, among other proposals.

Many nations "are here in good faith to really work through what is a very complex challenge made more urgent by the crisis," the UK's special climate envoy Rachel Kyte told AFP in Santa Marta on Monday.

"People seem refreshed to be able to talk about these issues without having to sort of argue the existential question of -- do we need to do this at all?" she said.

As government delegates arrived Monday, activists protested against fossil fuels on the streets and beaches of the Caribbean city, one of the country's busiest coal hubs.

Colombia, which is co-hosting the conference with the Netherlands, is highly reliant on revenue from coal and oil exports, as are other developing fossil fuel producers attending the conference.

Among other agenda items, nations will consider how to equitably reduce fossil fuel production and consumption, and reforming subsidies that throw up barriers to renewable energy investment.

Analysis by the International Institute for Sustainable Development on Monday showed that governments still spent five times more public money on fossil fuels than renewable alternatives.

- 'Fossil fuel ban' -

On Sunday, a scientific panel released a 12-point "menu" of policy options that included "halting all new and expanding fossil fuel extraction and infrastructure projects."

"Without a doubt, there is no justification whatsoever for any new exploration of fossil fuels," the Brazilian scientist Carlos Nobre, a former member of the UN's climate advisory panel, told AFP.

Even as record investments flow into renewable energy, scientists warn the pace is still too slow to keep global temperature rises to safer levels.

"Even if we carried out no new exploration, the amount of fossil fuels -- oil, coal, and natural gas -- that already exists will push temperatures up to two and a half degrees by 2050," Nobre said.

The world has already warmed about 1.4C above pre-industrial times and is tracking to blow past 1.5C in a matter of years.

Above that threshold, scientists warn that coral reefs and Greenland ice sheets could disappear, among other catastrophic and irreversible impacts.

F.Garcia--TFWP