57 Countries Launch Fossil Fuel Phase-Out Process Outside COP Framework

Climate Week NYC's We Don't Have Time covered extraordinary ground — from a new intergovernmental coalition dedicated solely to planning the end of fossil fuels, to Ukraine rebuilding its shattered energy grid with renewables during an active war, to ocean scientists proposing $10-per-ton carbon capture using phytoplankton. Across 10 panels, a consistent theme emerged: the tools, money, and knowledge to accelerate the climate transition exist, but systemic disconnects — in policy, finance, and communication — are holding them back.

• 57 countries launch the Santa Marta Process, a first-of-its-kind intergovernmental track focused exclusively on fossil fuel phase-out implementation, with a second conference set for Tuvalu in 2027

• Carbon Tracker reveals European oil majors have cut capital investment 25% from 2016 peak — behaving like companies managing decline

• Ukraine deploys gigawatts of decentralized renewables amid war, attracting EBRD, IFC, and US DFC financing for wind and battery storage

• Survey of 210 top climate communicators finds most work in isolation, 83% cluster on LinkedIn, and only 40% have received any funding in five years

• COFIS coalition offers technical assistance on fossil fuel subsidy reform to any country; 15 nations have joined a new macroeconomics workstream

• Federal crop insurance gap locks US farmers into commodity monocultures, blocking climate-resilient food diversification

• Swedbank and EY Nordics warn 25-50% of corporate profits face eradication within five years without transition investment