Colombia intends to conditionally reduce its greenhouse gas (GHG) emissions by at least 30% by 2030. The country’s nationally determined contributions (NDCs) under the Paris Agreement include a commitment to reduce fugitive emissions through the deceleration of oil and coal production.
Colombia’s new Energy Transition Law, enacted in July 2021, signifies the government’s commitment towards achieving its climate change objectives and achieving a net-zero national energy mix. Data and multi-stakeholder dialogue will be key to inform sustainable transition pathways and monitor climate commitments.
Data reported through the EITI can serve as an entry point to inform debate and policymaking related to Colombia’s climate targets. EITI data-driven forecasting can help to address the economic implications of the energy transition, support the implementation of the 2021 Energy Transition Law and provide evidence for policymakers to manage risks and leverage opportunities.