During the climate summit in Santa Marta, Colombia, President Gustavo Petro criticized the current capitalist model as 'suicidal,' linking it to the rise of war and fascism. He attributed this to fossil fuel interests resisting the shift to green energy. The conference, involving 57 governments, aims to develop strategies for phasing out fossil fuels, with France unveiling a roadmap to eliminate coal by 2027 and oil dependency by 2045. Addressing the debt crisis in developing countries emerged as a crucial topic, with many nations unable to transition due to financial constraints. Debt in Africa has surged to over $1 trillion, exacerbated by rising interest rates and economic pressures. Activists called for debt forgiveness to facilitate a just transition, emphasizing that many debts stem from harmful fossil fuel projects. The summit may not yield immediate financial commitments but seeks to inspire discussions on financial reforms and sustainable investment strategies.