OECD Urges Colombia to Accelerate Renewable Energy Expansion for Climate Targets
Colombia must expedite the growth of non-hydropower renewable energy sources to achieve its climate goals, according to an OECD review. The country aims for a 51% reduction in GHG emissions by 2030, up from a previous 20% target, and net-zero emissions by 2050. Despite recent progress, Colombia's current mitigation strategies are deemed insufficient. The review highlights the need for increased investment in clean energy, as the country primarily relies on fossil fuels, and warns that structural barriers and policy misalignments hinder progress.
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Colombia needs to accelerate the expansion of non-hydropower renewable energy, such as solar and wind, to meet its climate targets, as indicated by the OECD. The country aims for a 51% reduction in net GHG emissions by 2030 and net-zero emissions by 2050.
GHG emissions have increased at an average rate of 1.7% per year from 2005 to 2020. Colombia's installed power generation capacity reached 21,028 MW in 2025, with only 2,685 MW from non-hydropower renewables.
Investment in clean energy averaged $2.3 billion per year from 2020-2023, while fossil fuel investments averaged $6 billion. High financing costs and misaligned policies are significant barriers to achieving climate goals.
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