Global panel launched to accelerate fossil fuel transition plans

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Published: 1 hour ago

A new international expert panel was announced at a climate meeting in Santa Marta to help countries develop plans reducing dependence on oil, gas and coal. The initiative aims to manage risks from high oil prices and geopolitical conflicts. Oil-exporting currencies like CAD, NOK, and RUB could face long-term pressure as countries accelerate energy transitions. The announcement signals coordinated global policy shift that may impact commodity-linked currencies over time.

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