Company News Aug 3, 2021 5:13 PM
Andesco’s Camilo Sanchez spoke about the companies’ commitment to energy efficiency.
Sanchez said that companies are committed to the goal of achieving greater energy efficiency in the country to guarantee energy security, recover economic growth, integrate new technologies, contribute to the fulfillment of climate change commitments and carbon neutrality, La Republica reported.
“From Andesco, we promote the incorporation of best practices in energy efficiency, which is related to our main theme: sustainability,” Sanchez highlighted.
The expert recalled that the 160 companies associated with Andesco represent about 7% of Colombian GDP and they are committed to that aspect and demonstrate it through different projects.
“We must continue to make advances in the digitalization, reducing the technological gap,” Sanchez said.
Minister of Mines and Energy (MinEnergia) Diego Mesa said that energy efficiency is a fundamental pillar of the energy transition policy.
“We have improved Law 1715 and the Energy Transition Law to stimulate investments in projects in this area,” Mesa said.
UPME’s Christian Jaramillo added that only 31% of energy consumption is useful energy in Colombia.
“The replacement of end-use equipment could generate savings in consumption estimated at between US$6.6B and US$11B per year,” Jaramillo said.
Brian Motherway of the IEA highlighted that the pandemic should be seen as an opportunity to build a more sustainable economy that works for both people and the planet.
“We must work together with people to make the transition successful,” Motherway said.
Bottom-Line: Colombia has a lot of room in terms of energy efficiency, and incentives will play an important role in advancing this process.