The concept of energy transition has become paramount in this context, representing a global imperative to mitigate the impacts of climate change. Colombia, steadfast in its commitment to this cause, has not only endeavored to modernize its energy landscape but also to ensure a "just energy transition," where social, economic, and environmental considerations are carefully balanced. This paper will delve into how this holistic approach has influenced the country's policies and practices within the electricity sector.
The intricacies of energy systems demand meticulous planning, necessitating the tailored development of comprehensive strategies, plans, and roadmaps. These blueprints delve into the intricate progression of various components within these systems over the forthcoming decades, as highlighted by the IDB. Within the realm of the energy transition, industrial policy plays a pivotal role in capitalizing on economic prospects and fostering employment opportunities. Strategic implementation of industrial policies holds the potential to propel the manufacturing and adoption of clean technologies, spur innovation in the energy sector, and bolster local production of renewable energy-related equipment and components, thus contributing to the IDB's vision. Moreover, the transition to sustainable energy presents significant prospects for job creation, local economic growth, and national reindustrialization, underscoring the importance of embedding these opportunities within Long-Term Climate Strategies and explicitly delineating them in Energy Sector Expansion Plans.
Effective planning of energy systems hinges upon the utilization of integrated assessment models. These models comprise two primary components: the climate block, which translates greenhouse gas emissions into temperature projections through equations simulating atmospheric and oceanic behaviors, and the economic block, depicting the GDP evolution of a region in response to the economic ramifications of temperature changes. The vital connection between these blocks is encapsulated in the damage function.
Over the past three decades, the Colombian electricity market has undergone a profound transformation that extends beyond technical and economic dimensions. This article delves into the significant milestones and challenges that have shaped the trajectory of the Colombian electricity market, with a particular emphasis on its role in the ongoing energy transition. Throughout this thirty-year period, notable changes have occurred, ranging from the implementation of structural reforms to the adoption of new technologies and strategies aimed at addressing mounting environmental concerns.
Complete tool for submission, evaluation and publication of proceedings for scientific events.
