Renewables and employment generation

Regulation & Policy, Renewables    Apr 27, 2021 3:37 PM

The International Labor Organization (ILO) studied the potential in Colombia to reverse job losses caused by the pandemic and tackle climate change.

The entity said that Colombia faces the challenge of recovering from the effects of the pandemic and fulfilling the goal of curbing global warming, HSB Noticias reported.

The government has announced several policies to deal with this situation, and they were established in the reactivation policy (CONPES 4023) under the commitment to clean and sustainable growth.

A policy that adds to the efforts that have been promoted in Colombia is the National Circular Economy Strategy (ENEC), which aims to increase the recycling rate from 9.6% to 17.9% by 2030 and established the unprecedented goal of reducing 51% of greenhouse gases by 2030.

The ILO estimates that more than 15,000 jobs could be created in the coming years, focusing on making better use of waste, including municipal solid waste and waste from electrical and electronic equipment, among others.

The renewable energy sector from biomass, meeting the goals established in the waste utilization projects, could contribute to the generation of more than 3,700 additional jobs.

Bottom-Line: The boom in renewable energies is already generating benefits in Colombia and the potential is great. However, these new energy sources are beginning their way in the country, and there are still many challenges to overcome, especially in regulatory and social issues.

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