{"id":175,"date":"2026-05-20T20:10:51","date_gmt":"2026-05-20T20:10:51","guid":{"rendered":"https:\/\/movingandmortgagehub.com\/?p=175"},"modified":"2026-05-20T20:10:51","modified_gmt":"2026-05-20T20:10:51","slug":"a-new-climate-democracy-is-taking-on-the-petrostates","status":"publish","type":"post","link":"https:\/\/movingandmortgagehub.com\/?p=175","title":{"rendered":"A New Climate Democracy Is Taking On the Petrostates"},"content":{"rendered":"
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This story was originally published by the\u00a0<\/em>Guardian\u00a0and is reproduced here as part of the\u00a0<\/em>Climate Desk\u00a0collaboration.<\/em><\/p>

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Looking out<\/span> to sea from the grey sandy beaches of Santa Marta, on Colombia\u2019s Caribbean coast, it is never hard to spot evidence of the country\u2019s thriving fossil fuel export trade. Oil tankers ride at anchor on the horizon, and sometimes, locals say, lumps of coal wash up on the shore, blown off the collier ships that carry cargoes from the nearby mines.<\/p>\n

It was here, on Wednesday evening, that the Colombian government\u00a0took a bold step\u00a0to shift its economy\u2014and that of the rest of the world\u2014away from dependence on coal, gas and oil and into a new era of clean energy. With the first-ever conference on \u201ctransitioning away from fossil fuels,\u201d the host joined nearly 60 countries determined to loosen the grip of petrostates on the world\u2019s future.<\/p>\n

\u201cThis is the beginning of a new global climate democracy,\u201d Irene V\u00e9lez Torres, Colombia\u2019s environment minister and chair of the talks, said in closing remarks that celebrated a \u201cnew method\u201d of bringing together high-ambition governments, parliamentarians and civil society groups to accelerate the decarbonisation of their economies.<\/p>\n

At this moment in history, the conference may also mark a new global divide between \u201celectro-democracies\u201d and petro-dictatorships.<\/p>\n

The initiative has come at a pivotal moment in the climate fight. Oil and gas prices have soared since the US-Israeli attacks on Iran, the second such crisis within five years, after the price rises that followed Russia\u2019s invasion of Ukraine. Households around the world are\u00a0spiralling into debt, farmers\u00a0cannot afford fertiliser,\u00a0and governments are remembering that a dependency on volatile fossil fuels is holding them hostage to geopolitical forces they cannot control.<\/p>\n

The global economy faces a triple whammy: rising energy costs, rising food costs that follow, and the spectre of rampant inflation that will raise interest rates and add to the cost of servicing debt. Both rich and poor nations are feeling the impact, but the poor, with their higher levels of debt and lower reserves, are\u00a0suffering more.<\/p>\n

Repeated oil shocks blighted the 1970s, and the current crisis is not only greater than those but more impactful than all previous crises combined, according to Fatih Birol, the world\u2019s leading energy economist and chief of the International Energy Agency, the gold standard in energy research. \u201cThis is bigger than all the biggest crises combined, and therefore huge,\u201d he\u00a0said in an exclusive Guardian interview. \u201cI still cannot understand that the world was so blindsided, that the global economy can be\u00a0held hostage to a 50km strait.\u201d<\/p>\n

What is different today from previous oil shocks is the ready availability of a viable alternative: cheap, reliable and plentiful renewable energy from the wind and sun, with modern battery technology to smooth over any intermittency; while electric vehicles and heat pumps can shunt transport and heating off fossil fuels and onto far more efficient electricity.<\/p>\n

For those reasons, Birol predicted the current shock would mark a permanent change for the global energy industry, leading consumer countries to lose trust in fossil fuels. \u201cTheir perception of risk and reliability will change,\u201d he said. \u201cGovernments will review their energy strategies. There will be a significant boost to renewables and nuclear power and a further shift towards a more electrified future. And this will cut into the main markets for oil.\u201d<\/p>\n

These changes would be lasting, he added. \u201cThe vase is broken, the damage is done\u2014it will be very difficult to put the pieces back together. This will have permanent consequences for the global energy market for years to come.\u201d<\/p>\n

It is an irony not lost on Simon Stiell, the UN\u2019s climate chief, that it is the oil industry\u2019s dominance of global economies that has finally woken governments to the dangers. \u201cThe fossil fuel cost crisis now has its foot on the throat of the global economy,\u201d he said. \u201cThose who have fought to keep the world hooked on fossil fuels are inadvertently supercharging the global renewables boom.\u201d<\/p>\n

Renewables\u00a0overtook coal\u00a0in global electricity generation last year for the first time, according to the thinktank Ember, generating 33.8 percent of power compared with coal\u2019s 33 percent. Interest from consumers in solar panels and batteries, from Pakistan to the UK, has\u00a0leapt further\u00a0since the Iran war.<\/p>\n

\u201cThe economic logic of renewables [is] impossible to ignore,\u201d Stiell said. Military advisers have weighed in, too, pointing out that renewables offer a better route than fossil fuels to\u00a0national security. Stiell noted: \u201cGovernments are pushing renewables plans into overdrive: to restore national security, economic stability, competitiveness, policy autonomy and basic sovereignty.\u201d<\/p>

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But no one should write off the petrostates just yet. The world\u2019s biggest gas producer, the United States, is increasingly flexing its military muscle to assert the Trump administration\u2019s goal of \u201cenergy dominance\u201d. Russia, the second biggest gas supplier, is waging war against its democratic neighbor, Ukraine. Fossil fuel interests are\u00a0pouring huge sums\u00a0into the political campaigns of far-right candidates in the Americas and Europe.<\/p>\n

The Santa Marta vision of a \u201cnew global climate democracy\u201d sets people power against this. Polls constantly show an\u00a0overwhelming majority\u00a0of people want their governments to take stronger action against the climate crisis, but at many international meetings, their voices are drowned out by corporate lobbyists or shut down by petrostate vetoes.<\/p>\n

At Santa Marta, by contrast,\u00a0science led the way\u00a0on the opening day, followed by a \u201cpeople\u2019s summit\u201d and gatherings of parliamentarians. All of these groups sent representatives to the high-level sessions in the final two days, where there were no vetoes, no fractious negotiations over minutiae, only intensive and constructive dialogue on\u00a0how to move forward. Many participants called the gathering historic, but few were under any illusions that it was anything more than a strong start.<\/p>\n

Claudio Angelo, of the Observatorio do Clima, a think tank in Brazil, said: \u201cI don\u2019t think the Santa Marta process represents any immediate threat to the fossil fuel industry. This is more about countries organising to draw up a plan. Even within the \u2018doers\u2019, the fossil industry landscape is diverse: national oil companies in Latin America, private oil majors in Europe and parts of Africa. These folks will fight for lenient transition calendars until they\u2019re either outcompeted by Chinese electricity or forced by governments to diversify.\u201d<\/p>\n

Though shifting to renewables will work out cheaper for all countries in the long-term, there is an upfront cost to the switch. Fossil fuel producer nations will also need finance to invest in new industries to replace lost oil, gas and coal export revenue.<\/p>\n

The Santa Marta conference was not intended for new finance pledges \u2013 rich countries\u00a0offered a settlement\u00a0of $300 billion a year by 2035 at the Cop29 conference in 2029, and that will not be improved on now that the US has withdrawn its dollars.<\/p>\n

But there could be other routes to finding cash. Diverting some of the $1.5tn currently spent each year on\u00a0subsidising fossil fuels\u00a0around the world would help, and raising money from the companies that have profited from the climate crisis, through windfall taxes and other mechanisms, is always an option. David Hillman, the director of the Make Polluters Pay coalition, said: \u201cFossil fuel giants are figuratively\u00a0making a killing from this war. Their excessive unearned profits need to fund the transition to renewables to hasten the end of our fossil fuel dependence.\u201d<\/p>\n

Almost all of the 59 nations participating in Santa Marta are democracies, which is both a strength and a vulnerability. Colombia will hold a presidential election at the end of May in which the ruling party\u2019s candidate, Iv\u00e1n Cepeda, faces a fierce challenge from the far-right populist Abelardo de la Espriella, who wants to increase fracking and oil production. If the latter wins, the global energy transition movement would lose one of its most important nations.<\/p>\n

Colombia is not the only country facing difficulties. The Netherlands, co-host of Santa Marta, announced new drilling in the North Sea just before the conference. The UK is\u00a0considering new North Sea fields\u00a0too, and other countries present, from Brazil to Tanzania, also have fossil fuel expansion plans. Those decisions will have to be reversed for this to become the hoped-for \u201cconference of doers\u201d.<\/p>\n

Before the next conference, to take place early next year on the Pacific island of Tuvalu, which is co-hosting with Ireland, countries are supposed to start the process of drawing up national roadmaps for the phaseout of fossil fuels. The organisers want these plans to feed into the broader UN climate negotiating process and to spur others to join the transition movement.<\/p>\n

Roadmaps offer a way for countries to attract investors, and also provide guidance for their industries to help ensure the transition to a low-carbon world is fair to workers and the most vulnerable people. Mary Robinson, the former president of Ireland, said: \u201cWe need three transitions: out of fossil fuels, into renewable energy for all, and into a world that cares for nature. All must be grounded in justice.\u201d<\/p>\n

Santa Marta, a historically coal-fuelled town at the heart of a coal- and oil-fuelled country, may eventually be regarded as ground zero for the demise of fossil fuels. Fernanda Carvalho, the head of policy for climate and energy at WWF International, said: \u201cIt is here that the seeds of a new, implementation-focused initiative have been planted. In times of an exhaustion of multilateral processes and a gap in delivering the system change we need, what is emerging offers a different approach. This could be a real bottom-up process that centres the voices of communities most affected by fossil fuel extraction and consumption.\u201d<\/p>\n

But despite the \u201ccontagious\u201d hope felt by many involved in the Santa Marta talks, there remains a long road ahead.<\/p>

Read more Trump\u2019s SEC Slammed the Door on Small Investors. They Built a New One.<\/a><\/p>\n<\/article>","protected":false},"excerpt":{"rendered":"

Nearly 60 countries gathered in Santa Marta to chart a path away from fossil fuels\u2014even as oil shocks tighten their grip on the global economy.<\/p>\n","protected":false},"author":1,"featured_media":173,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-environment"],"yoast_head":"\nA New Climate Democracy Is Taking On the Petrostates - Moving and Mortgage Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/movingandmortgagehub.com\/?p=175\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A New Climate Democracy Is Taking On the Petrostates - Moving and Mortgage Hub\" \/>\n<meta property=\"og:description\" content=\"Nearly 60 countries gathered in Santa Marta to chart a path away from fossil fuels\u2014even as oil shocks tighten their grip on the global economy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/movingandmortgagehub.com\/?p=175\" \/>\n<meta property=\"og:site_name\" content=\"Moving and Mortgage Hub\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-20T20:10:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/movingandmortgagehub.com\/wp-content\/uploads\/2026\/05\/53f64e5f8f5cb9de9d0574be01e86ead.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=175#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=175\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/#\\\/schema\\\/person\\\/6b7c79bcfd888d98f34c5413df7e81a2\"},\"headline\":\"A New Climate Democracy Is Taking On the Petrostates\",\"datePublished\":\"2026-05-20T20:10:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=175\"},\"wordCount\":1689,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=175#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/movingandmortgagehub.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/53f64e5f8f5cb9de9d0574be01e86ead.webp\",\"articleSection\":[\"Environment\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=175#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=175\",\"url\":\"https:\\\/\\\/movingandmortgagehub.com\\\/?p=175\",\"name\":\"A New Climate Democracy Is Taking On the Petrostates - 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