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May 3, 2026
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Beyond the UNFCCC COPS : A New Climate Coalition puts science at the heart of global action
Money
Policy
Opportunity
Growth
Key Points
- A new model of global climate governance is emerging, prioritizing science over politics in decision-making, distinct from traditional UN climate negotiations.
- The first global summit dedicated to phasing out fossil fuels was held in Santa Marta, Colombia, in April 2026, bringing together countries committed to a clear transition away from oil, gas, and coal.
- This summit led to the creation of the Science Panel for the Global Energy Transition (SPGET), designed to provide direct, policy-relevant scientific guidance to participating governments.
- Key recommendations include an immediate halt to new fossil fuel infrastructure, elimination of fossil fuel subsidies, and rapid scaling of renewable energy investments.
- This signals a rise in "coalition-based climate governance," offering speed and ambition but raising questions about inclusivity, with significant implications for countries like Ghana.
Why This Matters
For Ghana, a nation with developing fossil fuel interests and renewable energy potential, this new coalition-based climate governance presents a critical juncture. It could unlock vital climate finance and technology transfer, positioning Ghana as a leader in the Global South, but also necessitate challenging policy reforms such as adjusting energy subsidies and reassessing its fossil fuel development strategies.
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