Insight
Energy transition in Colombia: beyond the targets
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In early 2023, Colombia introduced a forward-looking National Development Plan to transform its energy landscape. The plan focuses on five key actions, including shifting away from coal and oil dependence while using their revenue to fund the transition. Currently, Colombia relies on hydroelectric power, while its exports are dominated by emission-intensive resources. Colombia has substantial untapped potential for renewable energy due to abundant solar and wind resources and attractive tax incentives. However, obstacles like institutional complexities and social conflicts hinder renewable energy projects. Despite recent changes like halting new exploration contracts and increased taxes, the oil and gas sector still plays a crucial role in the Colombian economy.
Table of contents
- Executive summary
Tables and charts
This report includes the following images and tables:
-
Wind potential in Colombia
What's included
This report contains:
Other reports you may be interested in
Insight
Conflict scenario: Iran War sparks a global race for energy security
What if major economies halve import dependencies by 2050?
$1,150
Asset Report
Quifa Area
The Quifa block is adjacent to and on trend with the giant Rubiales heavy oil field in the Llanos basin. Quifa is Frontera Energy's ...
$3,720
Insight
Will REPowerEU accelerate the energy transition?
The European Commission's REPowerEU plan aims to rapidly reduce reliance on Russian energy imports, without derailing net zero ambitions.
$1,250
