colonial hardy is infested by germany across and he employed to score both tactic good farms and destroy livestock. what is the legacy of this wide spread races, depression? today, the screen. we need to talk about here, the stories, shadows of german colonialism. the columbia as economy still depends on the producing and exporting fossil fuels, yet it's government is one of the most vocal voices and calling for an end of the fossil fuel error. how does that go together and to talk about that and more, i'm joined today on the sidelines. i'll see you in time of conference here in back, lou. vice is that i'm well not. she is columbia's environments minister for the environment and state of business development. thank you so much for joining me, minister. thank you. country colombia was the 1st significant fossil fuel producer who joined in the lines of nations, calling for m a fossil fuels nonproliferation treaty last year. can you break that

down for us? what exactly is the street? it is the emission fees to paula ford after then process that is a multi lock in a process to face out, pulse, and fuels. it's actually supporting that as shown in the way that the time of scope made of transition, you know, way foreclosure, but documentation on our way has many applications. and here at the u. n. people seeing we haven't been able, we are not monday that these calls, those are fun only communications. so they quoted for the 3 things actually formations through these calls. how that's phase out. what happens will happen and they'll leave it only. so they cannot make logic of each country because what happens then is that no country would make the 1st move, because a lot of economic dependency is still on fossil fuels. and, and we are leaving these decisions through a market perspective. we have no pricing causes hills. on the contrary, what's happening is that the presumption of policy fuels is expanding. why that is

a c is calling, knows that we've got a new source that we have now. we called supply the fossil fuel. so we need for an organized sensation, why we deployed the, as they're not these render, geez. and they have said nothing for calling them. but what's in reality, we are tree paintings renewals and not the same time expanding to 0, closer to so we are more stuck in the time of lima. let's. let's talk about these economic implications. because your country, as i mentioned, i mean it's the, it's, the economy still heavily depends on the fossil fuels. what is columbia has planned to make this transition work? well, the 1st thing is that the type of oil is that we have these have very heavy or no, i'm very expensive to extract. and also we are deceased larger exports. and of course, as you know, call is one of the 1st fossil fuels that is closing down is demand because the 1st one see shown, these are wrong cold. so why would happen to occur on going economy if we don't do

anything? and we continue, depending on these exports, is that we, the markets would because in 1015 years and we will leave the country without very, very big vacuum economic vacuum on the, on the side of oil probably will expand that. that need to be more. but our oil on these quality would be also one of the 1st ones to be at face out. and so the same question, what would happen to our frisco? think of what happened to our balance of trade. that's why that's what i'm going economy or julie, this is i versus if occasion oregon leave needs to step up with some new economic sectors. but those sectors should be reaffirming. life should be the we have for, i mean, we're cmc to climate. this would be to be a firm and i'm station diploma to tell us more about about to your plan and your government has a $14000000.00 investment time and wants to make by diversity and then use source of wealth for colombia. how. how is that really going to work? well, the 1st thing is that we need to replace those exports would be for next for. so

one for set store is an energy sector based on renewables. columbus, one of the companies that have multiple sanctions for we were wondering if we can supply for ourselves, actually our matrix right now. so any percent please, but we will have will have enough energy to export clean energy and start replacing the singles. secondly, our by all, the adversity is one of the most important assets. and we really feel that if we empower need sure, a nature can be vibrant in our country. we will be more of the climate change. but the of that was it because i noticed profession to develop products in cosmetics in full industry. and right now we haven't got it together by a diversity. it has been destroyed without being used and using non intuitive matter with communities. but also is very important because if we are able to stop before as patient restore nature event on that uh that the strengthening biodiversity,

that's also our main source of permissions. so we will also be complying with climate on the 3rd t, a sector. he's actually agriculture, we are out on reaching water and we could supply quotes, you know, i need, but also from uh, biodiversity perspective on the munition carbone. so uh, because when i said, because don't know all of these, we want to make it windows per license to complete. and so it's not about exporting the raw materials. it's about creating value from it these capacities that we have and the issues that we need invest, and right now we don't have those conditions. that's our main store once he has called him back. yeah, let's talk about the elephant in the room and that's money and all of these negotiations. and what do you expect from the, the develop worlds to help countries that columbia, to, to make this transition worth it? well, i think there is plenty of room is the oil and they falls into an economy because that's, that's what 3 inches dependency on, inhibits countries to create this all the time. but we need 3 things. first thing

is to comply with the parties. agreements. i think there's a lot of needs parts one says, one of finance that i'm probably finance because that will not be private investment. if we don't have a strong form and find those accept the bases. what cologne get is to do is on breast of and just in the front on this change to create a whole new set, those of the corner me know, model year, that's a huge amount of investment right now. the 1st thing would be that 2nd. we need access to the copies of a friend rates for differences or if this is a challenge, the climate change prices and science is given most of the time that we need to pull for you. what are different only from vision was to do that right now there are no so because for example, if we say ok, we're going to start tracy. now suppose you steals why we, we had this economy then at the risk qualification that uses us. and so how are you

going to pay your debt and a why this enjoy even so they've done great us even investment, right? so now we're not just a copy dollars of 10 percent. i come to like yours has access to copies of mount minus not as of 3 percent. so it's not fair. and then the 3rd issue is we are hiring that often call it. many of the developing world is highly in depth and we kind of take at least one of them. so while we're asking here in buckle is we need the change in economic conditions in financial conditions that is created completely politically by countries, a new spot to call it a fox, financial and fox store lies that creates a special condition so that we can make our we have policies running to find that we have oil wise. everybody is going to be saying that you're doing the transfusion, but in reality they cannot do business. let's talk for a minute about the backlash because they're a powerful actors and forces. um you mentioned some of them were opposed to fossil fuels, pays out and include in your country and there has been pushed back from industries

. i'm national. same thing. we're talking exactly what you said about the credit rates um about how your government is scaring off investors and actually we come in columbia as economy. what do you say to these boys when we cannot beat that? there is 2 options here. we can stay in the central school and continue reinforcing that i mean, seen how markets were closer anyway. i mean, the markets are richard and continuing the same perspective is also a nor next. it is not like we've gone seats on media until by rows of reserves of cheap or i'm waiting to see what happens. we don't have to look for it. but on the other hand, i also recognize that we kind of boost transition on because the phone number is going on. we have the risk because then that would be a strong backlash. not only from the industry but riley saw from the people. is that economic conditions, the name is and then the backlash would be against climate change and also is a very delicate balance. and that's why we're calling the world to support the

columbia and from fusions on. if the world so far as the count on man dressy show brianna, we show the way of how can it be done any successful? and we kind of help multi lot the creative recommendations for many countries. then we all would say a success story. we have to open our eyes the even the most wonderful people are annoying to letting these transfusions if we don't have the right sign. or if we don't do them a fast, you know, we are giving a lot of populations that will be on site is 5 to the far right on to the 4th. nice to actually reverse all the time of 40. see, we cannot allow 40 degree dot climate policy would be seeing us, our gains, the people, it should be on economic opportunity. but for that we need the homework to wake up and create the conditions. and right now, this is the game he's doing whatever you can. who do i do have and then see what happens. and then for clear on me. yeah, that is on the task. yeah. you were talking about the people,

including in your country columbia, and your government has worked to, to reduce the subsidies for fossil fuel projects. but then last in august, somebody they'll talk us, went on strike. and how do you, how do you talk to these communities and the people who are going to be affected by the decline of the fuel industries and we're here to future. we should create recommendations for transition. now we cannot wait till the last minute because then they will be affected. they will lose a job anyway, but they will not be. they will have the skills to be replaced in all their industries. we haven't created the conditional would be worse. so that's why we're saying it's better to have a plan. so we send these calls on minus all these issues with all of the stakeholders that are brought the transition created by the market of game of change yourself talking about that wider of access. i mean, we've seen in, in your neighboring region in the us and government just got the next is that times to exits the parents agreement. there's similar developments and all over the world

. how. how do you see that sort of a loss of trust, maybe also in the un process? how do you respond to that? what does it need? now, what is very difficult foundations, because if we're not able to make these processes work, then it will be everybody's on their own. and the problem is that we have created uh no was scales problems that cannot be solved with everybody on their own. so what i would also say that whenever somebody exceeds and this hopefully becomes vacuuming, somebody else was treated. and i see other countries not very interested in leaving the private temperament, but actually those plans and then once they're not, they're not processed. you within their own logics, from the shows, i mean zeros, which i am not a green or not the green, but that's also a messrs. and so that response here is we have to continue working. we have to continue popular 18 and we have to adapt to these very point because it is difficult situation. now as environments of columbia, you're not only handling world affairs, but also

a popular ask about people's how does that going? what do we have in, in may this year? we have a nice our management plans for the he was and we are working on the implementation strategies. very challenging. and we also have their summer position from local communities that have adoptive themselves. and actually they are now a tourist attraction. so i was talking about sensations that we need to include the shift so that they value our own bio diversity. and we couldn't change up the reason for that. the reason that is based on bio diversity, the values up by that it basically that the measures are now on implementation and we need to accelerate or wise the population we get out of control. and as the last question, uh, what's your vision? what does the post fossil fuel columbia look like? what is that? you said this isn't the way it's going because see me the same was honestly we need to was absolutely the shops of climate change and we don't, i don't think that even close to understanding the patients. now our new nbc was

talking to the patient. it because we have to be one step ahead. something that is really adapting already is nature. nature is starting to that we have to learn that lives from that. but we in be such a country that uses nature us is may not lead that is able to strengthen nature and the comforts of knowledge into nature. so that we can develop industries on economies that are based on that by other versity that is unique. only one of our we, a publishers are easy to which has not been decides to 1000 plans in a down my song that would be used for pharmaceutical industry for cosmetics, for a full systems. and also if or not your thoughts are so you should be, i'd be more precise economy, everybody get 12, you should be adding value in and goes through a volume change. and this would be something that swenson's.