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Countries end Colombia fossil fuel summit with focus on next steps and financing

The Independent·Steven Grattan·about 1 month ago
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A first-of-its-kind international conference on moving away from fossil fuels wrapped up in Colombia Wednesday with a clear message: the global conversation has shifted from whether to phase out oil, gas and coal to how to do it, with financing emerging as one of the biggest obstacles. Officials, climate advocates and financial experts from 56 countries gathered in the Caribbean coastal city of Santa Marta for several days of talks aimed at tackling one of the most politically sensitive issues in climate policy — transitioning away from fossil fuel production, the main driver of global warming. The meeting did not produce binding commitments, but participants said it delivered a set of initial outcomes, including plans for continued cooperation between countries, the creation of working groups on issues such as financing and labor transitions, and momentum toward future negotiations aimed at coordinating a global phaseout of fossil fuels.…

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