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Why is battery storage important in Colombia?
An initial auction for battery storage was successful to optimise the use of the transmission grid. Colombia has a largely decarbonised power sector thanks to the significant role of hydropower and bioenergy.
What is Ecopetrol doing in Colombia?
Colombia's national oil company, Ecopetrol (Empresa Colombiana de Petroleos), is supporting the shift to low-carbon energy with investment plans for clean energy technology.
Is Bogota a sustainable city?
In recent years, the city has made progress in infrastructure projects that guarantee not only sustainability, but also efficient mobility. Some of these projects include the Transmicable and the construction of the Bogota Metro, which will have all-electric cars on its first line.
How long do Colombia's oil and gas reserves last?
For Alejandro Fula, a researcher at the National University of Colombia, the government's calculation is optimistic. “We have [oil and gas] reserves for eight to ten years , but that period is not enough to make the transition or the transformation of Colombia's economic base,” Fula told Energy Monitor.
How does income inequality affect energy policy in Colombia?
Colombia's high degree of income inequality influences energy policy making. Despite recent progress, in 2021, 3% of the population did not have access to electricity. Colombia still has 1 million families, or 6% of households, relying on firewood for cooking, lacking access to modern cooking fuels.
How does the IEA support Colombia's energy transition?
The IEA supports Colombia's agenda for a just energy transition. Experience from the IEA's Global Commission on People-Centred Transitions provides useful learnings for the government of Colombia, helping to boost local economic benefits and the transition to clean energy and new job opportunities.