Colombia climate conference highlights critical lack of financing for fossil fuel transition

Colombia climate conference highlights lack of financing for shift from fossil fuels

Lack of financing is one of the biggest barriers to moving away from fossil fuels, officials and experts said at a global conference Monday in Colombia aimed at speeding up the shift from fossil fuels to cleaner energy. The gathering in the Caribbean city of Santa Marta comes as governments face mounting pressure to move beyond climate pledges and begin outlining how to phase out oil, gas and coal, the main drivers of global warming. While U.N. climate talks have acknowledged the need for a t...

By FRANCE24