Nov 16, 2024
Colombia’s Ambitious Shift Toward a Green Economy Faces Financial Hurdles
Colombia’s government is committed to transitioning from a fossil fuel-dependent economy to one focused on green energy and environmental protection, but faces challenges due to higher borrowing costs and limited international financial support.
Under President Gustavo Petro, Colombia is striving to move away from its reliance on oil and coal, which currently constitute about half of export revenues. The government aims to attract international investment and foster green projects, but scaling clean energy effectively remains a significant hurdle. Environment Minister Susana Muhamad emphasized the need for new financial rules to aid developing countries and advocated for a non-proliferation treaty for fossil fuels at the UN climate talks. Critics argue that while the transition is morally sound, it risks significant economic repercussions for Colombia. Read more.
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Aug 11, 2025
Airline industry struggles to scale sustainable aviation fuel as flagship refinery shuts down and most projects stall.
A Reuters investigation reveals that only a fraction of the 165 sustainable aviation fuel (SAF) projects announced over the past decade have materialized, with World Energy’s flagship SAF refinery in California closing, underscoring systemic challenges that leave airlines far from meeting climate targets.
Jul 28, 2025
New York Projects Clean Energy Targets Will Be Missed Without Major Adjustment
New York’s freshly released energy plan warns the state will miss its climate mandates—such as powering 70% of its grid with renewables by 2030—unless grid upgrades, storage, and project deployment accelerate sharply.