Enabling Conditions for Bioenergy Finance and Investment in Colombia

image of Enabling Conditions for Bioenergy Finance and Investment in Colombia

To realise Colombia’s clean energy ambitions and enable the necessary mobilisation of finance and investment, the government has set forth a number of important policy strategies, including the 2018 Green Growth Policy, the 2019 National Circular Economy Strategy and the forthcoming 2022 Energy Transition Policy. These high-level policies all note the role clean energy solutions like sustainable bioenergy and waste-to-energy can play in supporting decarbonisation objectives. These solutions can also achieve a number of other socioeconomic ambitions, including improved reliability of energy supply, improved access to affordable and reliable energy in areas that are not connected to the national electricity grid, and reduced amounts of waste going to capacity-limited landfills. This report aims to support Colombia’s renewable energy ambitions, focusing on current clean energy trends, opportunities for bioenergy and measures that can increase finance and investment in those solutions. Through five case studies from Brazil, Chile, Colombia, India and Turkey, the report also considers the enabling environment and lessons learnt from bioenergy developments in different countries.

English Also available in: Spanish

Executive summary

Colombia is a country abundant in energy resources, including not only fossil fuels but also important hydro capacity and substantial renewable energy potential. Yet, declining oil and natural gas reserves, alongside the growing intensity of “El Niño” events and other climate change impacts on hydropower installations, have placed increasing strains on the country’s capacity to ensure secure, reliable and affordable energy. Commitment to climate action, including the government’s revised Nationally Determined Contribution (NDC) under the Paris Agreement, equally calls for measures to unlock the clean energy transition in Colombia in order to achieve substantial reductions in the country’s greenhouse gas (GHG) emissions.

English Also available in: Spanish

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