Santa (Marta)’s List: These Academics Know If Your Fossil Transition Policies Are Naughty Or Nice

Send us a voicemail to mark Let Me Sum Up’s upcoming 100th Episode! Your friendly neighbourhood climate and energy podcast of record is about to clock up its 100th episode! And our Global VP for Marketing and Extortion kindly requests Summeruppers to send us a voicemail with your questions for LMSU’s intrepid hosts or favourite anecdotes from listening to the pod. All contributions welcome! Subscribe to LMSU’s Patreon for Pre-Budget Palooza or Grab our Sector Plan Odyssey Six Pack on its own! This week our Bonus episode includes wild and semi-informed speculation on what to expect for climate and energy in this year’s Federal Budget. Run, don’t walk, over to www.letmesumup.net and subscribe to our Patreon to check it out. And if all you really wanted from LMSU’s BoCo bonanza of late was our six pack of sector plan coverage, you can grab that on its own too.  — In a trend that shows no sign of abating, your intrepid hosts reconvene Global Energy Crisis Corner because, it’s been another two weeks and There Is Too Much. Since our last episode global oil prices are back up but local fuel prices are down. Que pasa? Government credit on import deals is subsidising fuel? Lag to global price spikes? Panic hoarding largely passed? A little bit of everything we reckon. So where does this leave us? The crisis doesn’t look like it'll be done anytime soon, time to explore efficiencies and longer term pivots to better storage and electrification we reckon!   Our main course Your intrepid hosts think it’s not a bad time for countries to be discussing the transition away from fossil fuels, so cue a global summit we prepared earlier! Last week the First Conference on Transitioning Away from Fossil Fuels was held in Santa Marta, Colombia. We unpack where the conference came from (a few COPs in the making!), who was there (lots of constituencies, about half of COP parties pushing for stronger action to phase out fossils), who was not there (the other half of COP countries less keen on faster action, a bunch of business) and what happened! We dive into the Santa Marta Action Repertoire (SMART) Summary, the academic dialogue of the conference, edited and overseen by Friedrich J. Bohn, Jesse Burton, Andrea Cardoso, Frank Jotzo, Sissi Knispel de Acosta, Kjell Kühne, Pao-Yu Oei, Annette Zou. From overcoming economic dependence, to transforming supply and demand and advancing international cooperation and climate diplomacy, ideas abound and some spicy disagreement between your hosts emerges! One more things Tennant’s One More Thing is: the IMO Net-Zero Framework is back under discussion! The outcome was continued technical refinement work, with adoption decision not due to be re-opened til October 2026. Frankie’s One More Thing is: a hasty convening of Muskovic’s Methane Musings to plug the just-published IEA Global Methane Tracker 2026. What does it say? Frankie’s not sure but Tennant suggests there are claims Australia’s methane fugitives are *way* higher than reported. Luke’s One More Thing is: some reportage on the recent high level dialogue hosted by the IEA in Paris with Turkiye and Australia, at which some encouraging comments were made from Turkiye’s COP31 President Kurum on support for electrification and energy sovereignty… NOW? And that’s it for now, Summerupperers. There is now a one-stop-shop for all your LMSU needs: head to letmesumup.net to support us on Patreon, procure merch, find back episodes, and leave us a voicemail!