-
Capital-markets shares rally as Motilal Oswal and Angel One lead gains
-
Why Pregnancy Cost Estimates Fail: A Family’s $9,000 Surprise
-
Latino Voters Defy ICE Fears, Turn Out in Record Numbers for Midterms
-
US Strikes Iranian Targets in Strait of Hormuz Ahead of Midterms
-
ITC shares rise as analysts anticipate gradual cigarette-business recovery
-
Brodeur’s Overtime Goal Secures Bethlehem’s Second Consecutive Sectional Title
-
Reliance rally puts historical one-year return pattern in focus
-
Rare 1970 Plymouth ‘Cuda 426 Hemi Listed for $400,000
-
Kuwait edges Oman 1-0 in veterans Gulf Cup in Doha
-
The Digital Burden: Why Instant Messaging Feels Like a Full-Time Job
-
Saudi Aramco quarterly profit climbs 34.6% amid elevated oil prices
-
Alberta Tabled Controversial Riding Boundary Maps Amid Gerrymandering Accusations
-
Washington reports movement in Iran negotiations aimed at preventing escalation
-
Hong Kong court set to sentence activist Joshua Wong in security case
-
Korea’s Labor Share of GDP Hits Record Low Amid Semiconductor Boom
-
Australia raises benchmark rate to highest level in 18 years
-
littlefish and Halo Dot Partner to Replace Payment Terminals with SoftPOS
-
'The Remarried Empress' Cast Discusses Bringing Fantasy Royal Drama to Life
-
Kuwait inspectors destroy 115 kilograms of unverified meat in Farwaniya
-
Asian stocks retreat as AI worries outweigh steep oil-price drop
-
Egypt Accelerates Construction of 341km Sinai Railway Linking Arish and Taba
-
Hamad International Airport stages emergency drills during WATAN 2026
-
John Schneider Admits Owes Millions in 'Dukes of Hazzard' Divorce Battle
-
Global failure to punish attacks leaves journalists at continuing risk
-
Philippine Authorities Report Progress in Thomas Markle Sr. Child Pornography Probe
-
Researchers Warn 'Bookkeeping Trick' Masks Beef Industry's Methane Emissions
-
Web Summit Qatar 2026 generated QR1 billion economic impact, report says
-
Climate Change Intensified Atlantic Hurricanes, Study Finds
-
UAE oil spill raises questions for desalination operations
-
Qatar solar expansion opens scope for technical performance gains
-
Doha hotel and Carolina Herrera launch fragrance-inspired afternoon tea
-
IXOPAY Announces IXO One, a Modular Payments Platform Built for an Era of Fluid Commerce
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.
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.Moura--PC