Colombia

Since the beginning of the COVID19 pandemic in early 2020, Colombia has committed at least USD 378.59 million to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:

  • At least USD 374.17 million for unconditional fossil fuels through 9 policies (4 quantified and 5 unquantified)
  • No public money commitments identified for conditional fossil fuels
  • At least USD 4.42 million for unconditional clean energy through 4 policies (2 quantified and 2 unquantified)
  • No public money commitments identified for conditional clean energy
  • Some public money committed for other energy (3 policies with the value of public money unquantified)
Updated: 25 November 2020


At least

$374.17 million

Supporting fossil fuel energy

$7.43

Per capita



At least

$4.42 million

Supporting clean energy

$0.09

Per capita

By energy type, Colombia committed at least USD 374.17 million to oil and gas (at least USD 374.17 million to unconditional oil and gas).

In addition, no public money commitments identified for coal.

Further, no public money commitments identified for hydrogen based on fossil fuels.

Finally, some public money committed for multiple fossil fuels (2 policies with the value of public money unquantified).

A considerably larger amount of public money committed to supporting the economy and people of Colombia through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.

These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.

Public money commitments to fossil fuels, clean and other energy in recovery packages, USD billion, as of 25 November 2020

Country Jurisdiction Category Policy name Sector Energy Type Mechanism Value committed, USD Date of announcement Policy type Stage Legislation and Endorsing Agency Arm of Government Primary and secondary stated objective of the policy Date of entry into force Implemented repeal date, if any Value as stated (specify currency) Value committed, national currency Value disbursed, national currency Value disbursed, USD: Policy background Links to official sources Links to additional sources
Colombia National Fossil unconditional The Ministry of Mines and Energy enables economic aid to retail fuel distributors affected by the wi... Other sector Oil and oil products Budget or off-budget transfer ... 162563.78257744 2020111919/11/2020 Fiscal Energy use (all energy types, consumption in transport, household use, buildings etc) Ministry of Mines and Energy Government Primary: To mitigate the negative consequences of the winter wave and Hurricane Iota for the retail fuel distributors. 19/11/2020 600000000 600000000 Provision of nearly $ 600 million, through the Solidarity Protection Fund (SOLDICOM), to be delivered to those service stations that, in full compliance with some requirements, need resources to repair breakdowns or losses to the physical infrastructure as a result of the winter wave and that compromise the operation and proper functioning of the same.
https://www.minenergia.gov.co/en/web/10180/historico-de-noticias?idNoticia=24251667

https://www.larepublica.co/economia/distribuidores-minoristas-de-combustibles-afectados-por-la-ola-invernal-recibiran-ayudas-economicas-3091279
Colombia National Fossil unconditional National Government reduces fuel prices: Gasoline drops COP 1,200 and diesel to COP 800. Multiple sectors Oil and oil products Budget or off-budget transfer ... 2020031616/03/2020 Fiscal Energy use (all energy types, consumption in transport, household use, buildings etc) Government Primary: Measure adopted amid lower economic activity registered in the country as a result of the effects of COVID-19. 17/03/2020 "The average reduction in the price of gasoline for the 13 main cities of the country was $ 1,200 pesos (-13%), going from an average price of $ 9,159 to $ 7,958 pesos per gallon. Meanwhile, the average decrease in diesel for the 13 main cities was $ 800 pesos (-9%), going from $ 8,952 to $ 8,152 average pesos per gallon. The measure adopted by the National Government is mainly due to the behavior of refined products and the price observed in the international markets for a barrel of Brent oil in March." "
https://www.minenergia.gov.co/en/web/10180/historico-de-noticias?idNoticia=24183667
https://www.minenergia.gov.co/en/precios-ano-2020"

https://www.portafolio.co/economia/gobierno/gobierno-reduce-precio-de-la-gasolina-en-el-pais-539104
Colombia National Fossil unconditional Credit to Avianca airlines to support its restructuring as part of its US bankruptcy claim Mobility Oil and oil products Loan (Hybrid) 369999097.77101 2020082828/08/2020 Fiscal Energy use (all energy types, consumption in transport, household use, buildings etc) Government This measure was taken "in order to guarantee the provision of the service, the air connectivity of Colombians and the general economic activity." 1365614500000 1365614500000 "The Ministry of Finance and Public Credit announced the decision of the national government to participate in the restructuring of Avianca, in a Press Bulletin, dated August 28, 2020, where the authorization given by the Emergency Mitigation Fund Administration Committee was communicated (FOME). It argues that this measure is taken ""in order to guarantee the provision of the service, the air connectivity of Colombians and the general economic activity."" The operation will be done through a loan for up to $ 370 million dollars in an 18-month transaction that corresponds to the estimated time that the restructuring process of the company lasts under the framework of Chapter 11 of the Bankruptcy Code of the United States of America. According to the Government, Avianca contributes approximately 500 thousand direct and indirect jobs and its operation represents approximately $ 14.6 billion pesos a year for the Colombian economy."
https://www.contraloria.gov.co/contraloria/sala-de-prensa/boletines-de-prensa/boletines-de-prensa-2020/-/asset_publisher/9IOzepbPkrRW/content/en-el-marco-de-especial-seguimiento-a-los-recursos-del-fome-contraloria-verifica-sustento-tecnico-del-credito-de-hasta-por-us-370-millones-dado-por-la (accessed 11/11/2020)

https://www.eltiempo.com/economia/empresas/avianca-minhacienda-dice-que-el-credito-de-para-la-aerolinea-tiene-garantias-535011 (accessed 11/11/2020)
Colombia National Other energy New guidelines to improve efficiency in energy transmission Power generation Multiple energy types New or extended regulation (IT... 2020102323/10/2020 Other Electricity storage or transmission or distribution Resolution 40311 of 23th October 2020 by the Ministry of Mines and Energy Government Primary: To release the unused energy transport capacity. Second: To make adequate and efficient use of the availability of the networks in the National Interconnected System. 23/10/2020 "By June 2020, there were 147 power generation projects, for 8,365 megawatts, with a favorable connection concept by UPME, 29 of them (348 MW) already have their start-up date expired and do not have a guarantee that protect the use of the assigned transport capacity. These projects could be occupying a capacity that can be used by other generating agents that are able to connect to the system. In accordance with Resolution 40311 of 2020 of the Ministry of Mines and Energy, the CREG must adjust, in the next 3 months, the procedure to assign the transportation capacity to the National Interconected System, which must include the allocation of a single window to carry out carry out all the respective processes. For the issuance of the connection concept by the UPME, priority will be given to projects that maximize the use of available resources in the country, and those that have acquired commitments with the system through the market mechanisms that it defines for prioritization purposes. the National Government, the Ministry of Mines and Energy or CREG. " "
https://www.minenergia.gov.co/documents/10180//23517//48722-40311.pdf
https://www.minenergia.gov.co/en/web/10180/historico-de-noticias?idNoticia=24244101"
"
https://www.pv-magazine-latam.com/2020/10/26/colombia-define-nuevos-lineamientos-para-asignar-puntos-de-conexion-a-proyectos-de-generacion-de-energia/
https://www.dinero.com/pais/articulo/nuevos-lineamientos-del-gobierno-para-asignar-puntos-de-conexion/304564"
Colombia National Fossil unconditional National Government ensures supply of energy, gas and liquid fuels during Mandatory Preventive Isola... Multiple sectors Multiple fossil New or extended regulation (IT... 2020032323/03/2020 Other Energy use (all energy types, consumption in transport, household use, buildings etc) Ministry of Mines and Energy Government Primary: To guarantee the continuity of the logistics chain for the supply of energy throughout the national territory in a COVID-19 context. 25/03/2020 The National Government will guarantee that the energy generation, distribution and commercialization chain is maintained, for which water sources are required as well as gas and coal for thermal plants. Similarly, with the supply chain of liquid fuels such as gasoline and diesel, resources that make possible to transport food, equipment and medical supplies, transfer of patients, among others.
https://www.minenergia.gov.co/en/web/10180/historico-de-noticias?idNoticia=24185171

https://www.worldenergytrade.com/energias-alternativas/electricidad/gobierno-de-colombia-asegura-el-suministro-de-energia-durante-cuarentena
Colombia National Fossil unconditional Companies in the hydrocarbons and mining sector can execute infrastructure projects in exchange for ... Resources Oil and gas Tax or royalty or govt fee bre... 2844866.1951053 2020012828/01/2020 Fiscal Exploration or production or processing or storage or transportation Decree 098 of 28th January 2020 by the Presidency, the Ministry of Mines and Energy, the Ministry of Finance and Public Credit and the National Planning Department. Government 28/01/2020 10500000000 10500000000 The measure allows companies to develop agreed infrastructure projects in regions where they operate, in exchange for reduced royalties payments. The projects agreed between the companies and the territorial entities during 2020 will follow the same process that is currently followed in the General System of Royalties. This means that once the agreement document has been signed, the project must be presented to the Collegiate Body of Administration and Decision (OCAD) for approval and with this the contracting process will begin. The resources with which the investment project will be financed is of private origin and nature, until the payment is accepted by the National Hydrocarbons Agency or the National Mining Agency, as appropriate. "
https://www.minenergia.gov.co/documents/10180//23517//48454-DECRETO+98+EL+28+DE+ENERO+DE+2020.pdf
https://www.minenergia.gov.co/en/web/10180/historico-de-noticias?idNoticia=24170950
https://www.anm.gov.co/?q=a-partir-de-ahora-las-empresas-del-sector-de-hidrocarburos-y-mineria-pueden-ejecutar-obras-por-regalias"

https://www.elfrente.com.co/web/index.php?ecsmodule=frmstasection&ida=53&idb=93&idc=47543
Colombia National Clean unconditional National Government streamlines tax incentives for non-conventional renewable energies Power generation Multiple renewable Tax or royalty or govt fee bre... 2020061010/06/2020 Fiscal Several energy stages Decree 829 of 10th June 2020 by the Ministry of Finance and Public Credit Government Primary: To promote research, development and investment in the field of energy production of electricity and efficient energy management. Secondary: To speed up the assessment and certification of renewable energy projects in Colombia. 10/06/2020 "With the issuance of the Decree 829 of 2020, the National Government facilitates access to the tax incentives defined in Law 1715 of 2014 by delegating the Mining and Energy Planning Unit (UPME, in Spanish) as the unique entity to evaluate and certify projects of non-conventional sources of energy. This means that these projects will no longer have to carry out the process that had a duration of 3 months before the National Environmental Licensing Authority (ANLA, in Spanish), so the time for companies to access these tax benefits will be reduced to only 45 days." "
https://dapre.presidencia.gov.co/normativa/normativa/DECRETO%20829%20DEL%2010%20DE%20JUNIO%20DE%202020.pdf
https://www.minenergia.gov.co/web/10180/historico-de-noticias?idNoticia=24206232"

http://hablemosdemineria.com/2020/07/decreto-829-2020-beneficiara-quienes-generen-energia-solar/
Colombia National Clean unconditional Successful issuance of green bonds by ISA: first by a company in the real sector in the public secur... Power generation Multiple renewable Purchase of bonds (Hybrid) 81281.891288722 2020081212/08/2020 Monetary Electricity storage or transmission or distribution ISA - Interconexion Electrica SA ESP SOE Primary: To allow the connection of non-conventional renewable energies (wind and solar) to the National Interconnected System (SIN, in Spanish). Secondary: To finance two projects. 14/08/2020 300000000 300000000 "500 kV Caribbean Coast Interconnection Project: The project will improve the conditions of provision of the electric power service in the departments of Córdoba, Sucre and Cesar, as well as the reliability of the Colombian National Interconnected System (SIN), reducing the risk of neglect of demand due to failures or maintenance in the region. Cuestecitas-Copey-Fundación Interconnection Project at 500/220 kV: Its importance lies in the fact that it will evacuate the wind energy that will be installed in the La Guajira area, which will increase the installed capacity of the generation park of the National Interconnected System (SIN) and improve the reliability of the service in the departments of La Guajira, Cesar and Magdalena." "
http://www.isa.co/es/Documents/Aviso_Tramo14_Bonos%20Verdes.pdf
http://www.isa.co/es/sala-de-prensa/comunicados/exitosa-emisi%C3%B3n-de-bonos-verdes-de-isa-primera-de-una-empresa-del-sector-real-en-el-mercado-p%C3%BAblico-de-valores-1.aspx"
"
https://www.elcolombiano.com/negocios/bonos-verdes-via-de-isa-para-financiar-2-proyectos-DB13471031
https://www.valoraanalitik.com/2020/08/13/isa-de-colombia-adjudic-bonos-verdes-por-300-000-millones/"
Colombia National Fossil unconditional Measures are adopted for the mining-energy sector within the framework of the state of Economic, Soc... Multiple sectors Multiple energy types Budget or off-budget transfer ... 2020060404/06/2020 Other Several energy stages Decree 798 of 4th June 2020 by the Ministry of Mines and Energy Government 04/06/2020 31/12/2021 "Related to the Minning sector: Allows the Ministry of Mines and Energy to celebrate contracts with small miners through financial entities in order to get new credit lines and guarantees. Related to the Electric Power sector: The government gives the opportunity to these companies to differ the electric and gas bills for some low strata (1 and 2) consumers, and may be able to use different funding to celebrete contracts with financial entities to carry out rate compensation operations on credits granted to home utility companies. Related to the Hydrocarbons sector: Retail aviation distributors of JETA1 and/or aviation gasoline 100/130 that had inventories of these fuels by 15th April of the current year, may request the producer or importer to apply reduction mechanisms for deductions or canceled operations. In order to encourage investments in the hydrocarbon sector, it is established the Tax Refund Certificate (CERT, in Spanish) that may be applied temporarily to investments that are made from the entry into force of the Decree, until 31th December 2020."
https://dapre.presidencia.gov.co/normativa/normativa/DECRETO%20798%20DEL%204%20DE%20JUNIO%20DE%202020.pdf

https://bu.com.co/es/noticias/minminas-adopta-medidas-en-beneficio-del-sector-minero-energetico
https://www.ey.com/es_co/covid-19/la-ruta-de-la-emergencia-economica/decreto-798
Colombia National Fossil unconditional Increase of 10 percentage points in natural gas subsidies for users of strata 1 and 2 will also appl... Multiple sectors Gas and gas products Budget or off-budget transfer ... 1166417.7572213 2020101616/10/2020 Fiscal Exploration or production or processing or storage or transportation Resolution 410905 of 16th October 2020 by the Ministry of Mines and Energy Government "Primary: To correct the Resolution 410899 of September 9th 2020. Second: Orders the payment of subsidies to companies in the home fuel gas sector " 16/10/2020 4305083477 "The Ministry of Mines and Energy authorized an increase of 10 percentage points to the natural gas subsidies received by users of strata 1 and 2, on subsistence consumption, in the context of the emergency due to COVID-19. Strata 1 residential users who had been receiving a 60% subsidy will be increased to 70%, while the 50% subsidy received by strata 2 will increase to 60% for an additional billing cycle. This is the second increase in the natural gas subsidy authorized by the Ministry of Mines and Energy so far in 2020. It should be taken into account that it is not cumulative compared to the one authorized last August. This relief is in addition to the package of measures that have been taken to support the most vulnerable families during the pandemic, which includes freezing the cost of the kilowatt hour in energy bills, deferring the payment of energy and gas bills, and a grace period of 4 months to start paying off deferred bills." "
https://www.minenergia.gov.co/web/10180/historico-de-noticias?idNoticia=24242249
https://www.minenergia.gov.co/documents/10180//23517//48717-410905-2020.pdf"
"
https://forbes.co/2020/10/16/negocios/mas-subsidios-aumentan-10-puntos-porcentuales-en-las-ayudas-de-gas-natural-para-estratos-1-y-2/
https://www.elpaisvallenato.com/2020/10/17/aumento-de-10-puntos-porcentuales-en-subsidios-de-gas-natural-para-estratos-1-y-2-aplicara-para-octubre/"
Colombia National Fossil unconditional Agreement 006 of 2020 by the National Hydrocarbons Agency Resources Oil and gas New or extended regulation (IT... 2020091111/09/2020 Other Exploration or production or processing or storage or transportation Agreement 006 of 11 September 2020 by National Hydrocarbons Agency “by which It is adopted the regulations for the selection of contractors and special contractual conditions for the development of research projects within the framework of comprehensive research pilot projects Government 11/09/2020 The government is going ahead with its plan to exploit unconventional hydrocarbon reservoirs and is implementing all the documents and requirements necessary for the execution of the projects.
https://www.anh.gov.co/la-anh/sobre-la-anh/normatividad/Normatividad/ACUERDO%20No.%2006%20DE%2011%20DE%20SEPTIEMBRE%20DE%202020.pdf

https://www.eltiempo.com/economia/sectores/asi-sera-la-ruta-para-desplegar-de-los-pilotos-de-fracking-en-colombia-516884
Colombia National Clean unconditional Energy transition measures in the “Commitment to the Future of Colombia” recovery packag... Power generation Multiple renewable Budget or off-budget transfer ... 4335034.2020652 2020072020/07/2020 Fiscal Several energy stages Central bank Economic and social recovery after the Covid-19 pandemic 20/07/2020 16000000000 The government has committed to accelerate 27 strategic renewable energy and transmission projects, as part of the recovery package. These projects include the construction of 9 wind, 5 solar, 3 geothermal, and 1 hydro plant, as well as 9 energy transmission lines, with a total funding exceeding COP16 billion. These measures are expected to create 55 thousand jobs. It is also planned to plant 180 million trees (including 36 million already planted). "
https://id.presidencia.gov.co/Paginas/prensa/2020/Nace-el-nuevo-Compromiso-por-el-Futuro-de-Colombia-200807.aspx#:~:text=Al%20instalar%20las%20sesiones%20ordinarias,e%20impulso%20al%20campo%20y
https://id.presidencia.gov.co/Paginas/prensa/2020/COMPROMISO-POR-COLOMBIA-Transicion-energetica-y-crecimiento-limpio-en-el-foco-del-Gobierno-para-proximos-dos-anios-200807.aspx
https://id.presidencia.gov.co/especiales/200803-Compromiso-por-Colombia/index.html"
Colombia National Other energy Support to low-income and unemployed consumers of electricity and gas Power generation Multiple energy types New or extended regulation (IT... 2020070404/07/2020 Other Energy use (all energy types, consumption in transport, household use, buildings etc) Decree 517 of 4 April 2020 Ministry of Mines and Energy "in which guidelines are established for public utilities for electricity and gas in the context of the State of Emergency" / "Por el cual se dictan disposiciones en materia de los servicios públicos de energía eléctrica y gas combustible, en el marco del Estado de Emergencia Económica, Social y Ecológica declarado por el Decreto 417 de 2020" Government Primary: assist low-income consumers with paying electricity and gas bills during the crisis. Secondary: prevent interruption of service provision. 04/07/2020 01/04/2023 "The economic crisis caused by the Covid 19 pandemic and lockdown measures established to reduce contagion means that many consumers' capacity to pay bills is reduced. Therefore this decree establishes the legal conditions which allow public utilities to guarantee provision of electricity and gas services, especially toward low-income and unemployed consumers. "
https://dapre.presidencia.gov.co/normativa/normativa/DECRETO%20517%20DEL%204%20DE%20ABRIL%20DE%202020.pdf
Colombia National Other energy Special credit line to public utility companies Power generation Multiple energy types Loan (Hybrid) 2020041515/04/2020 Monetary Electricity storage or transmission or distribution Decree 581 of 15 April 2020, which establishes that the regional development bank "Findeter can provide direct credits to official public, private and mixed service providers supervised by the Superintendent of Public Services for Residents, with the purpose of providing them with liquidity or working capital" (Public Decreto 581 del 15 de abril de 2020, el cual establece que “Findeter podrá otorgar créditos directos a empresas de servicios públicos domiciliarios oficiales, mixtas y privadas vigiladas por la Superintendencia de Servicios Públicos Domiciliarios, con el fin de dotarlas de liquidez o capital de trabajo (…)”.) Government Primary: provide a line of credit (at zero interest) for working capital or liquidity to public utility companies that provide services of water, sewage, waste, electricity, and gas so that they can guarantee continuing operation during the pandemic emergency. Second: to defer payments by lowest-income consumers during the pandemic emergency. 15/04/2020 01/04/2023
https://id.presidencia.gov.co/Paginas/prensa/2020/Findeter-creditos-directos-0-por-ciento-interes-empresas-servicios-publicos-domiciliarios-estratos-1-2-diferir-pago-200429.aspx
Colombia National Clean unconditional Medellin “eco-city” clean transport package Mobility Non-applicable (non-energy measure) Uncategorized Fiscal Active transport (cycling or walking) Municipal Government Government
https://www.concejodemedellin.gov.co/es/linea-4-ecociudad?language_content_entity=es (accessed 9/10/2020),
https://www.concejodemedellin.gov.co/sites/default/files/L%C3%ADnea%20estrat%C3%A9gica%204%20-%20Ecociudad.pdf (accessed 9/10/2020)

https://uk.reuters.com/article/health-coronavirus-colombia-climate-chan/interview-colombias-medellin-pushes-eco-city-aims-in-coronavirus-recovery-idUKL8N2D26JF (accessed 27/5/2020)
Colombia National Fossil unconditional Reduction of regulatory restrictions for oil, mining and gas sectors in the context of the COVID-19 ... Resources Multiple fossil Regulatory rollback or non-gov... 2020060505/06/2020 Other Exploration or production or processing or storage or transportation Presidential decree 637 of 2020 Government "That in the mining-energy sector it is necessary to adopt measures that seek, among others, to guarantee the effective provision of the service by complying with the principle of solidarity, to generate a balance in the face of the burdens and effects derived from the pandemic of the new coronavirus COVID -19 for the different agents of the production chain and for users, to make the mechanisms, costs and fees associated with the provision of public services and activities in the mining-energy sector more efficient and sustainable, as well as to establish mechanisms for prioritization, reduction, restructuring and rationalization in procedures, procedures and processes that allow mitigating the impacts of the emergency in relation to the services and projects associated with said sector" (p 13).
https://dapre.presidencia.gov.co/normativa/normativa/DECRETO%20637%20DEL%206%20DE%20MAYO%20DE%202020.pdf (accessed 27/5/2020)