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Paola Yanguas Parra, Eduardo Posada Perlaza and Megan Darby work with the International Institute for Sustainable Development (IISD) energy team. 

At COP 29 climate negotiations in Baku, Azerbaijan, the top priority is to land a new climate finance package. The summit will be closely followed by a fresh round of national climate plans, setting emissions reduction targets to 2035. Together, these need to deliver on last year’s historic agreement to transition away from fossil fuels   

While climate finance talks are fraught, progressive governments don’t need to wait for consensus to set an example of what good transition finance looks like.  

Colombia’s environment minister, Susana Muhamed, has arrived in Baku with a pitch that stands out. She is seeking $10 billion from international partners towards a $40 billion climate investment plan.    

This plan is geared to not just scale up clean energy, but to diversify the economy away from fossil fuel production. It targets renewables, yes – but also sustainable agriculture, nature restoration and ecotourism, to create a greener and more inclusive economy.  

For the world to meet the Paris Agreement goal of holding global warming to 1.5°C, this kind of economic diversification is essential.  

Push-back against bold vision  

Gustavo Petro was elected president of Colombia in 2022, promising to halt fossil fuel expansion and reduce economic dependence on coal, oil and gas. It has not been easy. 

While environmental and human rights groups celebrated this vision, it met push-back from industry and some national think-tanks. Worse, credit rating downgrades for sovereign bonds are making it harder to finance the transition to alternatives.  

But his administration has not lost sight of the urgency of climate action. Ironically, Petro cancelled plans to attend COP29 to oversee relief from a weather emergency at home – floods affecting 25,000 families.    

Colombia’s change of course on fossil fuels is pragmatic, as much as it is ambitious. Coal, oil and gas extraction has traditionally played a major role in Colombia’s economy. In the last 10 years, fossil fuels accounted for around half the country’s exports, two thirds of final energy consumption and 3-6% of GDP.  

Colombia adds nature to the mix with its $40-billion energy transition plan

However, as the world moves toward cheap, clean renewable power, global demand for all fossil fuels is set to peak by 2030. Beyond that, producers will compete for shares of a shrinking market.     

Colombia faces particularly high transition risk, and is already seeing demand for its coal decline with an accompanying decline in production capacity, despite high international coal prices.  

Moreover, its oil and gas reserves are being depleted, and new discoveries, even if fully exploited, would not reverse the trend. Remaining offshore gas reserves are uneconomical to exploit under most price scenarios.  

These trends show that Colombia can no longer depend on the fossil fuel industry as a locomotive of economic growth.  

Reforming fossil fuel subsidies   

The answer is to transition away from fossil fuels, redirecting investment into sustainable growth sectors. Colombia has untapped potential in renewable energy, bioeconomy, and tourism, among many other sectors identified in its Just Transition roadmap 

Attention is also needed to the workers and communities most affected by the decline in fossil fuel extraction. They will require access to retraining, jobs and social security. Colombia has taken steps in this direction, signing a pledge for green jobs and just transition with the International Labour Organization in 2019, and launching pilot projects in the coal mining region of Cesar.  

Critics accuse the Petro administration of scaring off investors and weakening Colombia’s economy with its stance on phasing out fossil fuels. They point to Colombia’s credit rating, which has gradually deteriorated in recent years.  

In fact, that trend started before Petro took office, when the country lost its decade-old BBB-rating in 2020. Since the COVID-19 pandemic, Colombia has faced sluggish growth rates, high inflation, and a rising fiscal deficit, all of which have contributed to the credit rating downgrades.  

COP29 Bulletin Day 6: Climate march tamed and gender talks gridlocked

One drag on the government budget is fossil fuel subsidies. These spiked in 2022 to $8 billion, or 2.5% of GDP, as soaring international oil prices diverged from fixed motor fuel prices. While there is progress in the gradual reduction of gasoline subsidies, further subsidy cuts have been met with resistance. For instance, in August 2024 the Petro government attempted to substantially decrease the subsidies but scaled back its plans for diesel after truckers went on strike.   

These challenges underscore the importance of a comprehensive strategy for fossil fuel subsidy reform. Some 33% of Colombia’s population lives below the poverty line and any changes to subsidies need to address impacts on their livelihoods and purchasing power.  

Test case for transition finance  

Colombia’s $40 billion climate investment plan is a test case for transition finance. The Petro administration has a bold vision for a post-fossil fuel economy. And while a diversified economy is ultimately more stable and prosperous, it takes time to establish new sectors.  

This is where the call for international support comes in. Colombia needs grants and concessional loans, technical assistance and access to clean technology to make its vision a reality. Targeted public finance can leverage private investment and revitalize the economy, under Petro’s administration and beyond.  

COP29 must deliver on the world’s energy transition promises

There were hopes that the recent UN biodiversity talks in Cali, Colombia, would produce a new plan for nature financing. However, countries could not agree on the finance mechanism, further raising the stakes for climate finance talks at COP29.  

It is in the interests of the international community that a Global South fossil fuel producer succeeds in forging a greener path. The expected US withdrawal from the Paris Agreement only makes it more important for other powers to renew their commitment to advancing climate action. Rewarding Colombia’s leadership with international support can increase the chances of success and inspire others to follow.  

The post Why the international community should back Colombia’s post-fossil fuel plan   appeared first on Climate Home News.

Why the international community should back Colombia’s post-fossil fuel plan  

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Corpus Christi Cuts Timeline to Disaster as Abbott Issues Emergency Orders

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The governor’s office said the city’s two main reservoirs could dry up by May, much sooner than previous timelines. But authorities still offer no plan for curtailment of water use.

City officials in Corpus Christi on Tuesday released modeling that showed emergency cuts to water demand could be required as soon as May as reservoir levels continue to decline.

Corpus Christi Cuts Timeline to Disaster as Abbott Issues Emergency Orders

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Middle East war is another wake-up call for fossil fuel-reliant food systems

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Lena Luig is the head of the International Agricultural Policy Division at the Heinrich Böll Foundation, a member of the Global Alliance for the Future of Food. Anna Lappé is the Executive Director of the Global Alliance for the Future of Food.

As toxic clouds loom over Tehran and Beirut from the US and Israel’s bombardment of oil depots and civilian infrastructure in the region’s ongoing war, the world is once again witnessing the not-so-subtle connections between conflict, hunger, food insecurity and the vulnerability of global food systems dependent on fossil fuels, dominated by a few powerful countries and corporations.

The conflict in Iran is having a huge impact on the world’s fertilizer supply. The Strait of Hormuz is a critical trade route in the region for nearly half of the global supply of urea, the main synthetic fertilizer derived from natural gas through the conversion of ammonia.

With the Strait impacted by Iran’s blockades, prices of urea have shot up by 35% since the war started, just as planting season starts in many parts of the world, putting millions of farmers and consumers at risk of increasing production costs and food price spikes, resulting in food insecurity, particularly for low-income households. The World Food Programme has projected that an extra 45 million people would be pushed ​into acute hunger because of rises in food, oil and shipping costs, if the war continues until June.

Pesticides and synthetic fertilizer leave system fragile

On the face of it, this looks like a supply chain issue, but at the core of this crisis lies a truth about many of our food systems around the world: the instability and injustice in the very design of systems so reliant on these fossil fuel inputs for our food.

At the Global Alliance, a strategic alliance of philanthropic foundations working to transform food systems, we have been documenting the fossil fuel-food nexus, raising alarm about the fragility of a system propped up by fossil fuels, with 15% of annual fossil fuel use going into food systems, in part because of high-cost, fossil fuel-based inputs like pesticides and synthetic fertilizer. The Heinrich Böll Foundation has also been flagging this threat consistently, most recently in the Pesticide Atlas and Soil Atlas compendia. 

We’ve seen this before: Russia’s invasion of Ukraine in 2022 sparked global disruptions in fertilizer supply and food price volatility. As the conflict worsened, fertilizer prices spiked – as much from input companies capitalizing on the crisis for speculation as from real cost increases from production and transport – triggering a food price crisis around the world.

    Since then, fertilizer industry profit margins have continued to soar. In 2022, the largest nine fertilizer producers increased their profit margins by more than 35% compared to the year before—when fertilizer prices were already high. As Lena Bassermann and Dr. Gideon Tups underscore in the Heinrich Böll Foundation’s Soil Atlas, the global dependencies of nitrogen fertilizer impacted economies around the world, especially state budgets in already indebted and import-dependent economies, as well as farmers across Africa.

    Learning lessons from the war in Ukraine, many countries invested heavily in renewable energy and/or increased domestic oil production as a way to decrease dependency on foreign fossil fuels. But few took the same approach to reimagining domestic food systems and their food sovereignty.

    Agroecology as an alternative

    There is another way. Governments can adopt policy frameworks to encourage reductions in synthetic fertilizer and pesticide use, especially in regions that currently massively overuse nitrogen fertilizer. At the African Union fertilizer and Soil Health Summit in 2024, African leaders at least agreed that organic fertilizers should be subsidized as well, not only mineral fertilizers, but we can go farther in actively promoting agricultural pathways that reduce fossil fuel dependency. 

    In 2024, the Global Alliance organized dozens of philanthropies to call for a tenfold increase in investments to help farmers transition from fossil fuel dependency towards agroecological approaches that prioritize livelihoods, health, climate, and biodiversity.

    In our research, we detail the huge opportunity to repurpose harmful subsidies currently supporting inputs like synthetic fertilizer and pesticides towards locally-sourced bio-inputs and biofertilizer production. We know this works: There are powerful stories of hope and change from those who have made this transition, despite only receiving a fraction of the financing that industrial agriculture receives, with evidence of benefits from stable incomes and livelihoods to better health and climate outcomes.

    New summit in Colombia seeks to revive stalled UN talks on fossil fuel transition

    Inspiring examples abound: G-BIACK in Kenya is training farmers how to produce their own high-quality compost; start-ups like the Evola Company in Cambodia are producing both nutrient-rich organic fertilizer and protein-rich animal feed with black soldier fly farming; Sabon Sake in Ghana is enriching sugarcane bagasse – usually organic waste – with microbial agents and earthworms to turn it into a rich vermicompost.

    These efforts, grounded in ecosystems and tapping nature for soil fertility and to manage pest pressures, are just some of the countless examples around the world, tapping the skill and knowledge of millions of farmers. On a national and global policy level, the Agroecology Coalition, with 480+ members, including governments, civil society organizations, academic institutions, and philanthropic foundations, is supporting a transition toward agroecology, working with natural systems to produce abundant food, boost biodiversity, and foster community well-being.

    Fertilizer industry spins “clean” products

    We must also inoculate ourselves from the fertilizer industry’s public relations spin, which includes promoting the promise that their products can be produced without heavy reliance on fossil fuels. Despite experts debunking the viability of what the industry has dubbed “green hydrogen” or “green or clean ammonia”, the sector still promotes this narrative, arguing that these are produced with resource-intensive renewable energy or Carbon Capture and Storage (CCS), a costly and unreliable technology for reducing emissions.

    As we mourn this conflict’s senseless destruction and death, including hundreds of children, we also recognize that peace cannot mean a return to business-as-usual. We need to upend the systems that allow the richest and most powerful to have dominion over so much.

    This includes fighting for a food system that is based on genuine sovereignty and justice, free from dependency on fossil fuels, one that honors natural systems and puts power into the hands of communities and food producers themselves.

    The post Middle East war is another wake-up call for fossil fuel-reliant food systems appeared first on Climate Home News.

    Middle East war is another wake-up call for fossil fuel-reliant food systems

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    Are There Climate Fingerprints in Tornado Activity?

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    Parts of the Southern and Northeastern U.S. faced tornado threats this week. Scientists are trying to parse out the climate links in changing tornado activity.

    It’s been a weird few weeks for weather across the United States.

    Are There Climate Fingerprints in Tornado Activity?

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