MinAmbiente comments

Company News, Regulation & Policy    Jan 11, 2022 6:06 PM

The Minister of Environment (MinAmbiente), Carlos Eduardo Correa, talked about the energy transformation and the role of the private sector in this process.

Correa told Portafolio that the Climate Action Law presents a new business model, spanning the country’s entire economy.

“One of the main goals is the reforestation of 1 million hectares by 2030. There is a business option there for forestry projects and also for the carbon market. The same happens with the new markets that give the possibility for 100% of plastics to be compostable or recyclable,” Correa highlighted.

The Minister recalled that the government created a route for the private sector to get involved with carbon neutrality.

“Today, we have 500 companies in the carbon neutrality program. Now, come some important challenges in terms of education and support,” Correa said.

He said that there are many companies that have advanced in this process, but there are others in the starting point.

“Guiding them along this route is the main challenge. That is why we have Savia, our training school, which will also provide support to the private sector,” Correa said.

The government’s goal is to have 1,000 companies on the carbon neutral path.

“Climate change is a reality,” Correa highlighted.

Bottom-Line: The energy transformation process requires the commitment of all economic sectors, and the government is doing an important job to include all of them in this process.

Private companies have responded positively to the government’s call, but they need the accompaniment of the authorities and attractive incentives to advance in this process.

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