popular articles

Colombia pledges to reduce its dependence on oil

Colombia is investing $135 million in renewable energy to reduce its dependence on oil and cut greenhouse gas emissions. The government will no longer award contracts for hydrocarbon exploration and production.

Please share:

Colombia ‘s National Hydrocarbons Agency (ANH) plans to invest more than $135 million in renewable energy knowledge as the country seeks to transition to cleaner energy sources. The decision is part of the government’s policy to reduce the country’s dependence on oil exports, which have traditionally been an important source of revenue for the Andean nation. Clara Guatame, the new president of ANH, made the announcement at an industry event in Barranquilla, a city on Colombia’s Caribbean coast.

Renewable energy in Colombia: a priority for sustainable development

As part of its energy policy, the Colombian government has pledged to stop awarding contracts for hydrocarbon exploration and production, instead encouraging companies to make the most of the licenses they have already obtained. This shift to renewable energy sources is a crucial step in Colombia’s energy transition, which is expected to reduce the country’s greenhouse gas emissions and create a more sustainable future.

To achieve this goal, the ANH will invest 640 billion pesos ($135.8 million) in projects over the next four years to develop its knowledge of renewable energy sources, such as wind, geothermal and hydrogen. This investment is part of the Colombian government’s four-year development plan, currently being debated in Congress.

Colombia, a key player in the energy transition in Latin America despite its oil production

Despite this transition to cleaner energy sources, Colombia remains a major oil producer, with current production of approximately 765,000 barrels per day (b/d). However, the government has stated that it will no longer award contracts for hydrocarbon exploration and production, signaling a shift to renewable energy sources.

Guatame pointed out that 39% of Colombia’s current oil production comes from projects where companies have implemented improved recovery technologies. This indicates that there is a growing commitment by companies to adopt new and improved recovery technologies that can make oil extraction more efficient and reduce its environmental impact.

Thus, Colombia’s investment in renewable energy knowledge marks a crucial step in its transition to cleaner energy sources. ANH’s commitment to investing in renewable energy research will not only help the country reduce its dependence on oil exports, but also contribute to global efforts to combat climate change.

Register free of charge for uninterrupted access.

Publicite

Recently published in

François Bayrou souhaite engager un débat sans vote au Parlement sur la programmation énergétique 2025-2035, alors que le projet alimente les tensions politiques et que le Rassemblement national menace de déposer une motion de censure.
The European Court of Auditors warns of the urgency of massive investments in the Union’s ageing power grids, hampered by administrative delays and inadequate planning.
The European Court of Auditors warns of the urgency of massive investments in the Union’s ageing power grids, hampered by administrative delays and inadequate planning.
Several lawmakers and former energy executives are demanding a moratorium on PPE3, criticising a plan they view as disconnected from current economic and geopolitical realities.
Several lawmakers and former energy executives are demanding a moratorium on PPE3, criticising a plan they view as disconnected from current economic and geopolitical realities.
The head of Framatome will be heard on 30 April by both chambers to validate his nomination to lead EDF, following the non-renewal of Luc Rémont by the executive.
The head of Framatome will be heard on 30 April by both chambers to validate his nomination to lead EDF, following the non-renewal of Luc Rémont by the executive.
Following a series of major electricity outages on the island of Upolu, the Samoan government has declared a state of emergency to prioritise essential services and mobilise foreign aid.
The Minister of Industry and Energy expressed openness to a debate and a vote on the 2025–2035 energy strategy, amid criticism from opposition parties over the lack of democratic consultation.
The Minister of Industry and Energy expressed openness to a debate and a vote on the 2025–2035 energy strategy, amid criticism from opposition parties over the lack of democratic consultation.
France’s Ministry of Industry and Energy postpones the 2025 energy voucher to November, citing delayed budget approval and announcing revised allocation rules.
France’s Ministry of Industry and Energy postpones the 2025 energy voucher to November, citing delayed budget approval and announcing revised allocation rules.
France’s decarbonisation pace slowed significantly in 2024, according to Citepa, putting its 2030 climate targets at risk.
France’s decarbonisation pace slowed significantly in 2024, according to Citepa, putting its 2030 climate targets at risk.
Luc Rémont was dismissed as head of EDF by the French executive due to disagreements over industrial contract strategy and financing of the EPR2 nuclear programme.
Just Stop Oil will end its high-profile actions after one of its core demands was integrated into the British government's energy policy.
Just Stop Oil will end its high-profile actions after one of its core demands was integrated into the British government's energy policy.
The surge in solar production and the slow upgrade of electricity infrastructure are blocking thousands of projects in the Netherlands, affecting energy security and consumer costs.
The surge in solar production and the slow upgrade of electricity infrastructure are blocking thousands of projects in the Netherlands, affecting energy security and consumer costs.
The development of French power grids is facing a structural shortage of skilled labour, despite €200bn in projected investments by 2040.
The development of French power grids is facing a structural shortage of skilled labour, despite €200bn in projected investments by 2040.
Luc Rémont's departure exposes ongoing disagreements between EDF and the French State over electricity pricing for industry and the financing terms of the nuclear programme.
The European Investment Bank approves a final tranche of PLN1.7bn for Orlen to modernise electricity distribution infrastructure in Poland via its subsidiary Energa Operator.
The European Investment Bank approves a final tranche of PLN1.7bn for Orlen to modernise electricity distribution infrastructure in Poland via its subsidiary Energa Operator.
Luc Rémont is replaced as head of EDF as French manufacturers criticise a pricing strategy seen as incompatible with national industrial competitiveness.
Luc Rémont is replaced as head of EDF as French manufacturers criticise a pricing strategy seen as incompatible with national industrial competitiveness.
Luc Rémont will not be reappointed as Chairman of Électricité de France, two years after his nomination, despite record profits in 2024 and the revival of the nuclear fleet.
Luc Rémont will not be reappointed as Chairman of Électricité de France, two years after his nomination, despite record profits in 2024 and the revival of the nuclear fleet.
The French government has appointed Bernard Fontana to lead EDF, relying on his experience in nuclear energy and energy-intensive industries, amid strategic restructuring and rising tariff pressures.
Kazakhmys, the leading copper producer in Kazakhstan, partially suspends its operations after the death of eight workers. The company is conducting an inspection of its facilities to ensure operational safety.
Kazakhmys, the leading copper producer in Kazakhstan, partially suspends its operations after the death of eight workers. The company is conducting an inspection of its facilities to ensure operational safety.
The European Southern Observatory (ESO) warns of the potentially devastating consequences of a power plant project near its telescopes in the Atacama Desert, highlighting irreversible light pollution.
The European Southern Observatory (ESO) warns of the potentially devastating consequences of a power plant project near its telescopes in the Atacama Desert, highlighting irreversible light pollution.
The recent elections in Greenland resulted in a victory for the Demokraatit party, which advocates gradual independence from Denmark and increased support for the exploitation of natural resources, prioritizing the mining and energy sectors. This election comes amid heightened international tensions, notably due to proposals by Donald Trump to annex the territory.
The recent elections in Greenland resulted in a victory for the Demokraatit party, which advocates gradual independence from Denmark and increased support for the exploitation of natural resources, prioritizing the mining and energy sectors. This election comes amid heightened international tensions, notably due to proposals by Donald Trump to annex the territory.
The National Federation of Mines and Energy of the General Confederation of Labour (FNME-CGT) has elected Fabrice Coudour as secretary general. He succeeds Sébastien Ménesplier and inherits strategic issues, including the opening of hydropower concessions to competition.
Nigerien authorities have ordered the expulsion of three Chinese executives from oil companies and shut down a hotel owned by a Chinese company. This decision is part of a policy aimed at strengthening national control over the country’s energy resources.
Nigerien authorities have ordered the expulsion of three Chinese executives from oil companies and shut down a hotel owned by a Chinese company. This decision is part of a policy aimed at strengthening national control over the country’s energy resources.
The French government has issued a decree expanding the use of treated wastewater to industrial and nuclear sectors, aiming to reduce pressure on water resources.
The French government has issued a decree expanding the use of treated wastewater to industrial and nuclear sectors, aiming to reduce pressure on water resources.
An incident in a private power plant caused a nationwide blackout in Panama on Saturday night. The national power grid was severely impacted, leading to an interruption in the potable water supply. Authorities are investigating the causes of the event.
An incident in a private power plant caused a nationwide blackout in Panama on Saturday night. The national power grid was severely impacted, leading to an interruption in the potable water supply. Authorities are investigating the causes of the event.

Advertising