Insight
Energy transition in Colombia: beyond the targets
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 1 images and tables including:
- Wind potential in Colombia
What's included
This report contains:
Other reports you may be interested in
Insight
Australia drafts technology roadmap to lower emissions but implementation is key
A market mechanism is essential to accelerate the transition
$1,050
Insight
Europe upstream in brief
Deltic Energy could lose its 30% equity stake in the UK’s Pensacola if it doesn’t raise the necessary funds
$1,350
Insight
Corporate CCUS benchmarking 2024
Which oil and gas companies are embracing CCUS as part of their energy transition strategy?
$1,350
