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Colombia Leads Fossil-Fuel Transition Summit, $1.5 T Pledge

5/2/2026

Summary

Colombia Hosts Summit

Colombia hosted the first fossil-fuel transition conference in Santa Marta 24-29 April 2026, barring lobbyists.
France unveiled a roadmap to end coal by 2030, oil by 2045 and gas by 2050.
Participants representing 30 % of global fossil-fuel consumption pledged $1.5 trillion in subsidies for clean energy.
Indigenous leaders warned that carbon-market schemes cannot replace lost lands, demanding a justice-centered transition.
A follow-up summit will meet early 2027 in Tuvalu, feeding into COP31 in Antalya November 2026.

Summary

Fortescue Urges RealZero

The summit was set apart from the UN process, with Rachel Kyte, UK special representative for climate, saying it prioritises learning over legal negotiations.
BYD and Fortescue hosted a roundtable on the world’s first cargo ship powered without fossil fuels.
Fortescue urged governments to adopt “real zero” emissions instead of “net zero” offsets.
Ana Toni said 80–89% of people want climate action and urged citizens to act nationally before elections.

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Colombia Hosts Summit

Colombia hosted the first fossil-fuel transition conference in Santa Marta 24-29 April 2026, barring lobbyists.
France unveiled a roadmap to end coal by 2030, oil by 2045 and gas by 2050.
Participants representing 30 % of global fossil-fuel consumption pledged $1.5 trillion in subsidies for clean energy.
Indigenous leaders warned that carbon-market schemes cannot replace lost lands, demanding a justice-centered transition.
A follow-up summit will meet early 2027 in Tuvalu, feeding into COP31 in Antalya November 2026.

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