Dubai Telegraph - Nations gather for first-ever conference on fossil fuel exit

EUR -
AED 4.236376
AFN 76.133616
ALL 93.420643
AMD 421.8111
AOA 1058.949439
ARS 1713.530983
AUD 1.646514
AWG 2.076371
AZN 1.958861
BAM 1.957818
BBD 2.322964
BDT 142.415095
BHD 0.43492
BIF 3412.21077
BMD 1.153539
BND 1.479129
BOB 14.041502
BRL 5.845791
BSD 1.153319
BTN 109.902159
BWP 15.686288
BYN 3.371457
BYR 22609.369221
BZD 2.319631
CAD 1.618303
CDF 2624.302102
CHF 0.932031
CLF 0.02712
CLP 1070.854022
CNY 7.787893
CNH 7.788795
COP 3639.450927
CRC 523.90606
CUC 1.153539
CUP 30.56879
CVE 110.369697
CZK 24.208986
DJF 205.377491
DKK 7.47573
DOP 66.904916
DZD 153.477055
EGP 57.913554
ERN 17.303089
ETB 186.154206
FJD 2.556701
FKP 0.855633
GBP 0.856451
GEL 3.016504
GGP 0.855633
GHS 13.476959
GIP 0.855633
GMD 84.785821
GNF 10127.607036
GTQ 8.799538
GYD 241.672393
HKD 9.04658
HNL 30.913995
HRK 7.538959
HTG 150.795659
HUF 363.957818
IDR 20738.328564
ILS 3.519863
IMP 0.855633
INR 109.943652
IQD 1510.86595
IRR 1586260.655293
ISK 142.035017
JEP 0.855633
JMD 182.698059
JOD 0.817844
JPY 180.742869
KES 149.325704
KGS 100.877274
KHR 4660.542191
KMF 492.56182
KRW 1645.592583
KWD 0.357139
KYD 0.961137
KZT 547.100836
LAK 26085.423004
LBP 103285.119208
LKR 387.237404
LRD 208.182896
LSL 19.021156
LTL 3.406102
LVL 0.697765
LYD 7.351164
MAD 10.753881
MDL 20.137626
MGA 4912.788032
MKD 61.580016
MMK 2422.066909
MNT 4145.276222
MOP 9.31628
MRU 46.191819
MUR 54.146996
MVR 17.833369
MWK 1999.879747
MXN 19.978931
MYR 4.724433
MZN 73.722409
NAD 19.021156
NGN 1571.985528
NIO 42.440259
NOK 10.994527
NPR 175.844617
NZD 1.963491
OMR 0.44354
PAB 1.153309
PEN 3.895295
PGK 5.089961
PHP 70.289782
PKR 320.256224
PLN 4.303105
PYG 6879.675151
QAR 4.204479
RON 5.246639
RSD 117.369172
RUB 92.456578
RWF 1691.348398
SAR 4.317154
SBD 9.321872
SCR 15.546683
SDG 692.12388
SEK 10.984531
SGD 1.478532
SLE 28.489446
SOS 659.139544
SRD 43.58244
STD 23875.933406
STN 24.523795
SVC 10.091573
SZL 19.024459
THB 38.451495
TJS 10.651042
TMT 4.048923
TND 3.384384
TRY 54.835138
TTD 7.820554
TWD 37.44123
TZS 3051.416957
UAH 51.735221
UGX 4316.2066
USD 1.153539
UYU 46.385207
UZS 13828.417316
VES 860.19006
VND 30323.086159
VUV 137.329026
WST 3.154343
XAF 656.596923
XAG 0.019892
XAU 0.000284
XCD 3.117497
XCG 2.078617
XDR 0.815358
XOF 656.596923
XPF 119.331742
YER 274.883152
ZAR 18.99412
ZMK 10383.236811
ZMW 21.674843
ZWL 371.439167
  • RBGPF

    0.0000

    69.21

    0%

  • CMSC

    0.0300

    21.84

    +0.14%

  • BCC

    1.0000

    76.38

    +1.31%

  • CMSD

    0.0900

    22.11

    +0.41%

  • AZN

    -1.7000

    169.64

    -1%

  • BTI

    -1.0400

    60.65

    -1.71%

  • RIO

    -0.3300

    96.85

    -0.34%

  • NGG

    -0.4200

    79.97

    -0.53%

  • BCE

    -0.0200

    21.68

    -0.09%

  • GSK

    -0.3800

    51.69

    -0.74%

  • RYCEF

    -0.3100

    19.55

    -1.59%

  • JRI

    0.0900

    12.96

    +0.69%

  • RELX

    -1.1900

    35.42

    -3.36%

  • VOD

    -0.3600

    15.78

    -2.28%

  • BP

    1.0000

    45.22

    +2.21%

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.

F.El-Yamahy--DT