A historic summit will take place in Santa Marta, Colombia, where representatives from over 50 nations will gather to discuss strategies for phasing out fossil fuels. This meeting comes in the wake of a significant oil supply disruption caused by geopolitical tensions, particularly the closure of the Strait of Hormuz by Iran, which has led to increased fuel prices and energy insecurity. The crisis has forced governments to consider alternatives, with many countries implementing emergency measures and accelerating their transition to renewable energy sources. Notably, the price of solar panels has dropped 99.9% since the 1970s, making renewables more viable than ever. The summit aims to establish a treaty that not only addresses the need to reduce fossil fuel dependency but also ensures the protection of workers and financial systems during this transition. Colombian Environment Minister Irene Vélez Torres emphasized that the timing of the summit is crucial, as it coincides with heightened global awareness of fossil fuel reliance. If successful, this summit could represent a pivotal moment in the global shift towards clean energy.