Global Leaders Urge Urgent Shift from Fossil Fuels Amid Climate and Economic Pressures
At an international climate conference in Santa Marta, Colombia, President Gustavo Petro warned that the current fossil fuel-driven economic model poses a serious threat to global stability, linking it to rising conflict, inequality, and environmental risk. Addressing representatives from 57 countries, he emphasized the urgent need to transition toward sustainable energy systems.
The summit, focused on accelerating a global shift away from fossil fuels, highlighted growing concerns that economic dependence on oil, gas, and coal is delaying climate action. Several nations have begun outlining transition strategies, including France, which announced plans to phase out coal by 2027 and significantly reduce reliance on oil and gas in the coming decades.
A central issue raised during discussions was the financial burden faced by developing nations. High levels of debt and rising interest rates are limiting their ability to invest in renewable energy, often forcing continued reliance on fossil fuel revenues. Experts and activists stressed that addressing global debt and reforming financial systems will be essential for a fair and effective energy transition.
The conference underscored the need for coordinated global action, combining climate policy, financial reform, and technological investment to ensure a sustainable and equitable future.
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