A route to climate change mitigation through energy transformation.

The actions are aimed at applying technology-based solutions that are driven and produced by developed countries.

According to Climate Watch, the World Resources Institute, the energy sector produces 73.2 percent of global greenhouse gas (GHG) emissions. As a result, technology-based solutions account for a major portion of the global measures made to mitigate climate change and reduce GHG emissions.

These solutions are in line with technological advancements that have resulted in the adoption of more efficient technology and non-conventional energy sources to reduce fossil energy usage.

The 197 countries that pledged to address climate change and its harmful consequences at COP21 in 2015 have established legislative, political, and financial institutions to aid in the implementation of these solutions. This dynamic has shaped the energy transition, a transformation scenario in the most energy-intensive sectors.

Henry Garay, executive director of the Corporación Ambiental Empresarial (CAEM), believes that “The energy transition is a worldwide goal that all countries in the international community must work toward. The management margin of action is narrowed to how and when to ensure the country suffers the least social and economic stress possible through a gradual and effective transition “..

Colombia has made significant progress in this area; for example, in regulatory matters, Law 697 of 2001 “promotes the rational and efficient use of energy”; Law 1715 of 2014, on the integration of renewable energies; and, in 2021, Law 2099 of 2021, which establishes provisions to energize the country’s energy transition. Furthermore, the Ministry of Mines and Energy established the hydrogen route as a vital tool for decarbonizing the industrial and transportation sectors in the long run.

As a result, a favorable institutional and regulatory environment is created for the implementation of mitigation measures (NDC) in these sectors, contributing to the short-term goal of reducing 51 percent of GHG emissions by 2030 and 90 percent in the long term, in order to achieve a carbon-neutral country by 2050, as projected in President Duque’s E2050 strategy, presented in Glasgow at COP26.

Colombia was the country in Latin America and the Caribbean that made the most progress in the energy transition in 2021, which is worth mentioning. According to data from the Ministry of Mines and Energy, more than 64 non-conventional renewable energy generating and self-generation projects have been advanced, totaling more than $858 billion in investments. As a result, non-conventional renewable energy sources (FNCER) now account for 12% of the national energy matrix, up from 0.2 percent in 2018.

The establishment of the hydrogen roadmap, which intends to contribute to the development and implementation of low-emission hydrogen in Colombia, was another significant milestone in 2021. In a scenario where 11 percent is attributed to the energy mining sector, 12 percent to transportation, and 6 percent to manufacturing and construction, the inclusion of new technologies such as hydrogen in the transportation sector – which accounts for 40 percent of the country’s total energy consumption and 22 percent in the industrial sector – opens a window of opportunity to contribute to emissions reduction.

Despite these achievements, Colombia’s energy-intensive sectors confront significant obstacles, including high energy costs, post-pandemic economic recovery, high technology costs, and export market uncertainty, to name a few.

Engineer Vctor Andrés Garca, coordinator of CAEM’s sustainable energy line, points out that, as part of its mission to promote corporate environmental management and the construction of a better environment, the Corporation has been working with the business sector in the energy transition of the industry since 2008, promoting the implementation of technological solutions for GHG reduction through projects financed by national and international agencies.

The OPEN (Market Opportunities for Clean Energy and Energy Efficiency) project, funded by the IDB, and the NAMA Pilot Industry project, funded by the Global Environment Facility (GEF), the United Nations Development Program (UNDP), and, in the second phase, by UK PACK, are two examples of this (Partnering for Accelerated Climate Transitions).

In addition, the line has collaborated with the Ministry of Environment and Sustainable Development in the formulation of NDC measures, and it has created spaces for discussion and policy construction with the Ministry of Mines and Energy, such as the energy transition fringe held in the framework of the International Environment Fair 2021 (FIMA), where the Minister of Mines and Energy, Dr. Dieter Dieter, was present.

Important results were achieved through these projects, which included the participation and collaboration of more than 600 companies in the implementation of more than 400 energy efficiency and renewable energy projects, including energy savings of more than 1.2 GWh, emissions reductions of more than 300 Kton CO2eq per year, and the mobilization of more than US$38.8 million in investments.

 

Article Author Gerluxe

Image: ecogrizzly, chicagochimneyliner