Duque on climate change

Energy, Regulation & Policy, Renewables    Sep 30, 2019 5:52 PM

Ivan Duque, President of Colombia, participated in the summit on climate change in the framework of the 74th regular session of the United Nations General Assembly. He announced a new regional goal for incorporating renewable energies.

According to a press release, Duque said that Colombia, Chile, Peru, Honduras, Costa Rica, El Salvador, Ecuador, Guatemala, Dominican Republic and Haiti have held several meetings to discuss climate change and set new regional goals.

“Our goal is that 70% of energy sources to be renewable by 2030, which demonstrates the commitment of the entire region to climate change,” highlighted Duque.

He explained his government is taking concrete actions with the goal of motivating Colombian society and achieving international consensus to be more effective in this challenge.

Duque recalled that the share of renewable energies was less than 1% in the Colombian energy matrix a year ago, but his government has managed to increase this figure significantly.

“We have tripled that capacity, and our goal is to reach 10% in 2022 and 20% in 2030. Our commitment is to go from less than 50 megabytes at present to more than 1,500 megabytes in 2022, a true transformation,” highlighted Duque.

María Fernanda Suárez, Minister of Mines and Energy (MinEnergia), said that remote regions are receiving energy thanks to new renewables.

“More than 7,000 families first accessed the electric power service in their homes, thanks to the installation of solar panels, during this first year of government,” pointed out Suarez.

She said the government has created several tax benefits with the goal of stimulating the transition to electric mobility and clean energy.

Bottom-Line: The government is committed to diversifying the energy matrix and this process has advanced satisfactorily so far. Colombian authorities have announced several incentives to attract investors’ interest. However, the government must guarantee free competition in this process to maintain the interest of all participants in the Colombian energy market.

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