“Road to Zero” Strategy

Regulation & Policy, Renewables    Nov 4, 2021 6:01 PM

President Ivan Duque announced the strategy “Road to Zero.”

The goal is to create a long-term strategy to guide the management of the crisis caused by climate change and to better coordinate between countries in this matter, La Republica reported.

Duque said that the climate crisis translates into more natural disasters, floods, rising sea levels, coastal erosion and the destruction of glaciers and snow-capped mountains.

“On this basis, we must act now and the world must be clear that we will not go backwards, that our efforts must lead to a 45% reduction of greenhouse gases by 2030,” Duque highlighted.

The President said that the world is expecting to maintain a maximum increase of 1.5 degrees Celsius compared to pre-industrial temperatures. He highlighted that this goal is non-negotiable and disputes between nations cannot be a barrier to meeting it.

“Colombia represents 0.6% of greenhouse gas emissions. The country is also one of the 20 regions most threatened by climate change. For this reason, we have taken on a major challenge: we will reduce gas emissions by 51% by 2030 and achieve carbon neutrality by 2050,” Duque said.

Duque added that 120 million trees have been planted in the country, as a sign of the commitment to mitigate the impact of climate change. This figure, according to Duque, is close to the goal of planting 180 million during his term which ends in 2020.

Bottom-Line: The Colombian government is setting ambitious goals, but raising doubts about the country’s ability to meet them.

Colombia is making slow progress in the energy transition process, and the government must make regulatory changes on sensitive issues such as prior consultations, incentives to attract investment, environmental licensing, among others. However, this could have a high political cost, and it is unlikely that the government will assume this risk, thinking about next year’s legislative and presidential elections.

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