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Colombia Opens Energy Transition Panel; France Bans Coal by 2030

5/2/2026

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Summary

Colombia Launches Panel

Colombia hosted a summit in Santa Marta without United States, China, Russia, Saudi Arabia, launching Panel for Energy Transition (SPGET) led by Minister Irene Vélez Torres.
France ends coal by 2030, oil by 2045 and gas by 2050, while Colombia targets a 90 % emissions cut by 2050 and $280 billion benefits.
A Tuvalu conference is planned for next year as oil prices rise to a four-year high amid Iran war.

Summary

Delegates Push Reform

Delegates warned that high borrowing costs in developing nations impede climate financing and that debt fuels new fossil-fuel projects.
They urged finance ministers to ease fiscal strains, redirect financial flows away from hydrocarbons, and created a working group on debt reform and fair taxation to expand fiscal space.
The People’s Summit declared the need to end investor-state dispute settlement mechanisms and to increase climate aid.

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Colombia Launches Panel

Colombia hosted a summit in Santa Marta without United States, China, Russia, Saudi Arabia, launching Panel for Energy Transition (SPGET) led by Minister Irene Vélez Torres.
France ends coal by 2030, oil by 2045 and gas by 2050, while Colombia targets a 90 % emissions cut by 2050 and $280 billion benefits.
A Tuvalu conference is planned for next year as oil prices rise to a four-year high amid Iran war.

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