How to citeLast update: September 2021
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- The biggest gap in Colombia’s climate policy is the lack of a phase-out date for coal or natural gas. Coal currently plays a minor role in Colombia’s power sector (4% in 2017), although its share has been increasing in the past years. Colombia’s economy is heavily reliant on fossil fuel exports – coal and oil currently account for roughly 47% of Colombian exports and profits from their sale make up roughly 4% of Colombian gross domestic product (GDP).1
- To align with a path to limit warming to 1.5°C, coal would need to be immediately phased out from the power sector. The 1.6 GW of capacity currently planned would therefore need to be scrapped. Gas, which accounted for 14% of power capacity in 2017, would need to be phased out between 2027 and 2032. Depending upon the context, Columbia may require international support to achieve these phase out schedules.
- Colombia has made good progress implementing renewables in the power sector. Over 70% of Colombian power supply comes from hydropower. However, there are no further targets for rapidly upscaling renewables beyond 2022. The government has set a target for only a 9% increase in the share of non-hydro renewables by 2022. In contrast, our models indicate that at least 95% of power would need to be generated by renewables in 2030 to be in line with a 1.5°C pathway.