Story perspectives

Colombia Summit Urges Fossil-Fuel Phase-out, Trillions Needed

4/29/2026

Summary

Story summary

The Santa Marta summit met April 27-28, 2024 in Santa Marta, Colombia, with about 60 governments to discuss steps for phasing out fossil fuels.
The Netherlands co-organized the meeting and said participants will share financial, regulatory and planning tools instead of negotiating new emission targets.
Developing countries said trillions of dollars are needed, citing $35 billion versus $2.4 trillion by 2030, and noted United States, Saudi Arabia, China and India stayed away.

History

Historical Context

At the 1992 Rio Earth Summit, the United Nations Framework Convention on Climate Change was opened for signature and 154 nations pledged to cap emissions at 1990 levels by 2000—a target later missed. The 2024 Santa Marta summit, co-hosted by the Netherlands, echoes that legacy as about 60 countries convene, with developing nations again demanding trillions in climate finance.

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Story summary

The Santa Marta summit met April 27-28, 2024 in Santa Marta, Colombia, with about 60 governments to discuss steps for phasing out fossil fuels.
The Netherlands co-organized the meeting and said participants will share financial, regulatory and planning tools instead of negotiating new emission targets.
Developing countries said trillions of dollars are needed, citing $35 billion versus $2.4 trillion by 2030, and noted United States, Saudi Arabia, China and India stayed away.

1 / 2