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COP29 talks on fossil fuel transition faced near collapse due to opposition from Saudi Arabia and some developing nations, prompting the presidency to intervene. Despite setbacks, countries emphasized the need for strong emission-cutting measures and financing for energy transitions, with consultations led by Norway and South Africa set to conclude soon.
Colombia has launched a $40-billion energy transition plan aimed at reducing reliance on fossil fuels while promoting sustainable tourism and nature restoration. The initiative includes significant investments in ecotourism, sustainable agriculture, and ecosystem conservation, with a focus on mobilizing both public and private financing. As the country prepares to host the COP16 summit, it seeks to establish a donor roundtable to support its ambitious green goals amidst challenges related to its coal industry and high debt levels.
Sebastian Rodriguez
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COP29 talks on fossil fuel transition face challenges amid divided nations
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17:16 18.11.2024
Colombia launches 40 billion dollar plan for energy transition and nature conservation
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20:00 01.10.2024
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