Energy transition process: what next?

Energy, Regulation & Policy, Renewables    Feb 5, 2020 1:59 PM

These are some of the challenges that the Energy Transformation Mission foresees for the sector during 2020.

The Mission, made up of 20 industry experts, delivered its recommendations to the government, following the Sustainable Development Goals (SDGs) that were set by the UN last year.

Of the five focuses on which analysts gave recommendations (see today’s article on smart meters), the government is already prioritizing technological aspects to expedite the energy transition processes, as well as tax incentives.

According to W Radio, authorities are working so that companies that use clean energies or recycled plastics in their operations, get tax benefits.

In addition to that, the Ministry of Mines and Energy (MinEnergia) is working to avoid a gas shortage in the country, as this fuel will play an important role in the energy transition process.

“We have projections of a 1% annual growth in the demand, which is mediocre. The problem is that there is no guaranteed medium-term offer, so it is essential for the country to have enough gas for 10 years. We see a gas deficit at the end of 2023 and we have to work on that,” Carmenza Chahín, electrical engineer and member of the Mission said.

Once supply is guaranteed, the next step is to know how the new clean energy sources (water, solar, gas) can transform, among others, the way in which the energy service is charged in Colombia.

The sector will also have to work to become a profitable business, El Colombiano added.

Marcela Eslava, PhD in economics and member of the Mision, added that the government still has a long way to go when it comes to allocating subsidies among vulnerable communities.

Bottom-line: We have always said planning is the most important thing when it comes to assuring a project’s sustainability and success. The fact that the government can count on a Mision of Experts to avoid ‘surprises’ along the way, is prove of its commitment to the country’s transition process.

Image by Pixabay, https://pixabay.com/photos/renewable-energy-environment-wind-1989416/

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