Best known for telecoms infrastructure, the Chinese powerhouse has quietly become part of the backbone of the global energy transition.
Best known for telecoms infrastructure, the Chinese powerhouse has quietly become part of the backbone of the global energy transition.
Outgoing President Gustavo Petro banned new drilling and urged the world to decarbonize. His successor, Abelardo de la Espriella, wants “fracking to the max.”
The loans totaling $164 million are intended to spur private investment in conservation.
The conference in Santa Marta ended on an optimistic note, with plans for a second meeting in 2027.
Countries that move away from oil and gas will be “shielding their economies against the kinds of price shocks that we’re seeing currently,” said Stientje van Veldhoven.
The country aims to exit coal by 2030, oil by 2045 and natural gas by 2050.
Clearing of the world’s tropical forests, whether for farmland or by wildfires, declined by 36% last year, according to the Global Forest Watch initiative.
Clean energy projects are taking off across the rainforest, reducing the need to burn diesel and bringing 24/7 power for refrigeration, schooling and tourism.
Oil and gas volatility could be a tailwind for the first-ever summit of its kind, which starts Friday in the city of Santa Marta.
Hundreds of protestors are blocking a key Amazon soybean port in clash over river dredging.
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