MinEnergia comments

Regulation & Policy    Dec 14, 2021 6:25 PM

The Minister of Mines and Energy (MinEnergia), Diego Mesa, spoke about the goal of being carbon neutral by 2050.

Mesa said that all economic sectors must work together for the goal of being carbon neutral by 2050, La Republica reported.

“The mining and energy sector has a key role in this process, but we see a national strategy, where we have outlined the different actions to be taken,” Mesa said.

The expert recalled that the goal is that Colombia, in the next 28 years, can be neutral in greenhouse gas emissions.

“This does not mean that there will be no emissions at all, but the idea is that those that exist will be compensated with different actions,” Mesa explained.

The Minister said that the energy transition is the sector’s main public policy. He went on to emphaize that the target is that Colombia can develop its solar, wind and geothermal resources, among others, and that these become an important part of the matrix.

Mesa recalled that the government received a clean matrix in 2018, but it was mainly composed of hydroelectric resources and with a minimal participation of solar and wind energy. However, he highlighted that the share of renewables will increase to 12% in 2022, thanks to auctions and other government actions in recent years.

“We were missing out on solar and wind potential, which should complement hydroelectric plants,” Mesa concluded.

Bottom-Line: Undoubtedly, the government of President Duque made an important bet to encourage renewable energies, getting extraordinary results in a short period of time.

Authorities leave a solid foundation to continue with the energy transition process, generating great expectations for the medium and long term in this sector.

 

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