Insight
Opportunities for Colombia in the Energy Transition
Report summary
How could Colombia lead Latin America through the Energy Transition? In 2022, Colombia produced around 1mn b/d of oil with valuable product exports to the United States. But as North America decarbonizes and Colombia focuses on its own net zero target, the winds of change are fast approaching. In this insight, we outline the potential for Colombia to shift into new forms of energy, ranging from nature-based solutions, wind and solar, low-carbon hydrogen, and CCUS. This slidepack is based on Wood Mackenzie’s outlook for Colombia and reflects industry conversation within the country during Q1 2023.
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