50‑Nation Fossil‑Fuel Phaseout Pact

For the first time, more than fifty countries will meet in Santa Marta, Colombia, to discuss a standalone treaty to wind down coal, oil and gas while managing worker and financial transitions. The meeting is partly catalyzed by an acute energy shock (linked to regional conflict) and by dramatic falls in the costs of solar, wind and batteries that make rapid substitution politically and economically plausible. — If successful, a treaty of this kind could rewire international climate governance, accelerate global demand destruction for fossil fuels, alter energy geopolitics (especially in the Asia‑Pacific), and force new policies for just transitions and financial stability.