Colombian President Petro pushes for green energy shift amid financial hurdles, launches $40B climate plan.

Colombia's President Gustavo Petro aims to transition the country from fossil fuels to renewable energy, but faces high borrowing costs that complicate financing for green projects. With oil reserves projected to last only seven years, Petro seeks international support to aid the energy shift, arguing for changes in financial systems to better assist developing nations. Despite challenges, Colombia launched a $40 billion investment plan for climate adaptation.

November 16, 2024
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