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
Europe upstream in brief
Norway's largest producers team up for high impact exploration
$1,350
Asset Report
Sur Oriente
The Sur Oriente block is located in the southeastern area of the Putumayo basin, near the town of Puerto Asis. The block includes the ...
$3,720
Asset Report
Rubiales
The Rubiales heavy oil field is located in the Llanos basin and is one of the largest producing fields in Colombia. Frontera Energy ...
$3,720
