Colombia's Path to a Green Economy

What if major economies all just agreed to quit fossil fuels  — together? To date, 13 countries have signed a fossil fuel nonproliferation treaty. The biggest is Colombia, which has a $40 billion economic transition plan to build up green sectors and replace oil and gas revenue. Now Colombia is hoping to recruit other large economies to follow suit. 

During a conversation at Climate Week in New York, Akshat Rathi sat down with Colombia’s environment minister, Susana Muhamad, and Brazil's chief climate negotiator, Liliam Chagas, to talk about what it will take for more nations to combat climate change. Brazil has not joined the treaty, yet, but as the designated host of COP30 in 2025, the country has signaled that it, too, wants to be a leader on climate change. 

Explore further:

• Past episode about what Vice-President Kamala Harris and former President Donald Trump are planning to do when it comes to climate
• Past episode with Reclaim Finance’s Lucie Pinson about how to get banks to stop investing in fossil fuel projects 
• Past episode about the significance of COP28’s resolution to transition away from fossil fuels

Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Kira Bindrim and Matthew Griffin. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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