Colombia
In 2020-2021, in response to the COVID 19 pandemic, Colombia has committed at least USD 1.57 billion 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 613.74 million for unconditional fossil fuels through 16 policies (8 quantified and 8 unquantified)
- At least USD 730.75 million for conditional fossil fuels through 1 policy (1 quantified)
- At least USD 23.93 million for unconditional clean energy through 5 policies (3 quantified and 2 unquantified)
- No public money commitments identified for conditional clean energy
- At least USD 201.98 million for other energy through 8 policies (3 quantified and 5 unquantified)
By energy type, Colombia committed at least USD 1.34 billion to oil and gas (at least USD 613.74 million to unconditional oil and gas and at least USD 730.75 million to conditional oil and gas).
In addition, no public money commitments identified for coal.
Further, some public money committed for hydrogen based on fossil fuels (1 policy with the value of public money unquantified).
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.
More information on key poverty and inequality indicators in Colombia can be found on the Inequality and Poverty Dashboard page.
Updated: December 31st 2021
At least
$1.34 billion
Supporting fossil fuel energy
$26.71
Per capita
At least
$23.93 million
Supporting clean energy
$0.48
Per capita
Colombia
In 2020-2021, in response to the COVID 19 pandemic, Colombia has committed at least USD 1.57 billion 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 613.74 million for unconditional fossil fuels through 16 policies (8 quantified and 8 unquantified)
- At least USD 730.75 million for conditional fossil fuels through 1 policy (1 quantified)
- At least USD 23.93 million for unconditional clean energy through 5 policies (3 quantified and 2 unquantified)
- No public money commitments identified for conditional clean energy
- At least USD 201.98 million for other energy through 8 policies (3 quantified and 5 unquantified)
By energy type, Colombia committed at least USD 1.34 billion to oil and gas (at least USD 613.74 million to unconditional oil and gas and at least USD 730.75 million to conditional oil and gas).
In addition, no public money commitments identified for coal.
Further, some public money committed for hydrogen based on fossil fuels (1 policy with the value of public money unquantified).
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.
More information on key poverty and inequality indicators in Colombia can be found on the Inequality and Poverty Dashboard page.
$ %
Public money commitments to fossil fuels, clean and other energy in Colombia recovery packages, USD billion, in 2020-2021
| Country | Jurisdiction | Category | Policy name | Sector | Energy Type | Mechanism | Value committed, USD | Date of announcement | 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 committed, national currency | Value disbursed, national currency | Value disbursed, USD: | Policy background | Links to official sources | Links to additional sources | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Colombia | National | Other energy | Ecopetrol submits non-binding offer to acquire the government’s shareholding in Interconexión... | Power generation | Multiple energy types | Government procurement (DT) | 26/01/2021 | Several energy stages | Ecopetrol S.A | SOE | Primary: To consolidate in the Colombian’ energy sector and the Americas. Secondary: To take a transformational step for Ecopetrol on its energy transition and decarbonization route | Ecopetrol has announced its intention to advance in its transformation to be the Colombian Integrated Company of Energy. With that goal and to face the challenges of the environment and the energy transition, the company presented a non-binding offer to acquire the participation owned by the Nation-Ministry of Finance and Public Credit in Interconectado Eléctrica S.A. E.S.P (ISA), equivalent to 51.4% of the outstanding shares. This decision responds to the Ecopetrol Group strategy that seeks to strengthen its leadership in the hydrocarbon chain in the American continent, while accelerating its energy transition with an ambitious plan to reduce emissions, growth in renewables, increase production of natural gas and its participation in other energy fields, including transmission, all leveraged on digital transformation and convergence technological. | https://imgcdn.larepublica.co/cms/2021/01/27070726/Comunicado-ONV-ISA-VF-1.pdf https://www.ecopetrol.com.co/wps/portal/Home/es/?1dmy&page=detalleNoticias&urile=wcm%3apath%3a%2Fecopetrol_wcm_library%2Fas_es%2Fnoticias%2Fnoticias%2B2021%2Fecopetrol-presenta-oferfa-no-vinculante-isa |
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| Colombia | National | Other energy | Ecopetrol investments in energy efficiency and renewable energy as part of 2021 investment plan | Multiple sectors | Multiple energy types | Budget or off-budget transfer ... | 150000000 | 14/12/2020 | Several energy stages | Ecopetrol S.A | SOE | Reducing emissions | 554228100000 | Ecopetrol will invest more than US$150 million in decarbonization projects, including energy efficiency projects, leakage and venting reduction, and the construction of the Rubiales Solar Park. | https://www.ecopetrol.com.co/wps/portal/Home/es/?1dmy&page=detalleNoticias&urile=wcm%3Apath%3A%2Fecopetrol_wcm_library%2Fas_es%2Fnoticias%2Fnoticias%2B2020%2Fnoticias%2Bnoviembre%2Fecopetrol-invertira-3500-us-4000-millones-en-2021 |
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| Colombia | National | Other energy | Ecopetrol investments in renewable energy and energy efficiency as part of 2020 investment plan | Multiple sectors | Multiple energy types | Budget or off-budget transfer ... | 50000000 | 17/07/2020 | Exploration or production or processing or storage or transportation | Ecopetrol S.A | SOE | Reducing Ecopetrol emissions | 184742700000 | More than US$50 million will be invested in decarbonization projects in 2020, including energy efficiency projects, reduction of leaks and venting, and the construction of the San Fernando Solar Park (50 MW) in the department of Meta, which will be developed through a PPA (power purchase agreement). Thus, progress continues towards the goal of reducing between 1.8 and 2.0 million tons of CO2e in 2022, in addition to the 6.6 million tons reduced between 2010 and 2019, and the objective of incorporating 300 MW of renewable generation by 2022. | http://www.ecopetrol.com.co/wps/wcm/connect/f016c98c-2334-4576-b83f-8c6645bc4618/Plan+2020.pdf?MOD=AJPERES&attachment=true&id=1594991550823 |
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| Colombia | National | Fossil unconditional | 2021 Ecopetrol investments in the interconnection project between the Cartagena refinery and the new... | Resources | Oil and oil products | Budget or off-budget transfer ... | 48000000 | 14/12/2020 | Exploration or production or processing or storage or transportation | Ecopetrol S.A | SOE | Primary: increase the capacity of the refinery up to 200 thousand barrels per day by 2022 | 177352992000 | As part of the Ecopetrol investment plan for 2021, Ecopetrol announces further investments in in the order of USD 48 Million in 2021 for incrementing the capacity of the refinery up than 200 mil barrels per day by 2022 | https://www.ecopetrol.com.co/wps/portal/Home/es/?1dmy&page=detalleNoticias&urile=wcm%3Apath%3A%2Fecopetrol_wcm_library%2Fas_es%2Fnoticias%2Fnoticias%2B2020%2Fnoticias%2Bnoviembre%2Fecopetrol-invertira-3500-us-4000-millones-en-2021 |
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| Colombia | National | Fossil unconditional | 2020 Ecopetrol investments in the interconnection project between the Cartagena refinery and the new... | Resources | Oil and oil products | Budget or off-budget transfer ... | 60000000 | 17/07/2020 | Exploration or production or processing or storage or transportation | Ecopetrol S.A | SOE | Primary: increase the capacity of the refinery to more than 200 thousand barrels per day by 2022 | 221691240000 | As part of the Ecopetrol investment plan for 2020, Ecopetrol announces investments in the order of USD 60 Million in 2020 for incrementing the capacity of the refinery to more than 200 mil barrels per day by 2022 | http://www.ecopetrol.com.co/wps/wcm/connect/f016c98c-2334-4576-b83f-8c6645bc4618/Plan+2020.pdf?MOD=AJPERES&attachment=true&id=1594991550821 |
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| Colombia | National | Fossil unconditional | Ecopetrol investments for the development of the Piedemonte Llanero basin and maturing gas discoveri... | Resources | Gas and gas products | Budget or off-budget transfer ... | 130000000 | 17/07/2020 | Exploration or production or processing or storage or transportation | Ecopetrol S.A | SOE | Primary: Enhance the country's gas supply. | 480331020000 | As part of the Ecopetrol investment plan for 2020, Ecopetrol announces investments in different regions of the country that secure gas supply. The plan includes gas investments of more than US$130 million, including the development of the Piedemonte and the maturation of offshore gas discoveries in the Colombian Caribbean. | http://www.ecopetrol.com.co/wps/wcm/connect/f016c98c-2334-4576-b83f-8c6645bc4618/Plan+2020.pdf?MOD=AJPERES&attachment=true&id=1594991550823 |
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| Colombia | National | Other energy | IPSE inaugurated the improvement of a hybrid-type power plant in the Upper Guajira region conformed ... | Power generation | Multiple energy types | Budget or off-budget transfer ... | 1975720.8268581 | 26/06/2021 | Electricity generation | IPSE - Ministry of Mines and Energy | Government | Primary: Enhancing an existing power generation plant | 7300000000 | IPSE (an entity under de Ministry of Mines and Energy) delivered 560 new solar panels, 400 pre-paid meters and two diesel power plants as back-up system in the Upper Guajira region. As an improvement of an existing power plant, the project would favour circa 400 families of Nazareth and Puerto Estrella. | https://ipse.gov.co/blog/2021/06/26/la-energia-del-sol-ilumina-cerca-de-400-hogares-de-la-alta-guajira/ |
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| Colombia | National | Clean unconditional | Public funding has been approved for the biggest rural electrification project to date using solar p... | Power generation | Solar | Budget or off-budget transfer ... | 19519309.829292 | 01/07/2021 | Electricity generation | Ministry of Mines and Energy | Government | Primary: provide electricity access to 4.009 families in the municipality of Uribia, La Guajira | 72121000000 | The ministry of Mines and Energy has approved public resources toward delivering energy access through solar electrification in the rural area of the municipality of Uribia, La Guajira. In total, COP 57.121 millon from the Fondo de Apoyo para la Energización de las Zonas no Interconectadas (FAZNI) and COP 15.000 million from royalties have been committed to the project. | https://idm.presidencia.gov.co/prensa/la-guajira-tendra-el-proyecto-de-electrificacion-rural-con-paneles-solares-210701 |
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| Colombia | National | Fossil unconditional | Law 2128 of 2021 – Incentives for the supply and usage of fuel gas. | Multiple sectors | Gas and gas products | New or extended regulation (IT... | 04/08/2021 | Several energy stages | Colombia Congress | Government | Primary: Promote the supply, continuity, reliability and coverage of fuel gas in the country. | Law 2128 of August 2021 promotes the establishment of subsidies for connecting houses to the fuel gas system in order to ensure access to this public service as replacement for the use of firewood, coal, waste, kerosene, gasoline and alcohol, especially in municipalities with high and intermediate levels of Unsatisfied Basic Needs. It considers subsidies for the domestic public service of LPG distributed by cylinders. Additionally, the law stimulates the substitution of diesel by gas in power generation. Within 12 months, a minimum quota of 30% of vehicles that are bought or contracted annually must use fuel gas (referring to cargo, public passenger transport or for special service transport), particularly in municipalities that are category 1 and special. Additionally, new vehicles that use fuel gas will have a 10-year exemption from having the pollutant emissions certificate. | https://dapre.presidencia.gov.co/normativa/normativa/LEY%202128%20DEL%204%20DE%20AGOSTO%20DE%202021.pdf |
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| Colombia | National | Fossil unconditional | Roadmap for Hydrogen in Colombia | Multiple sectors | Hydrogen | New or extended regulation (IT... | 30/09/2021 | Several energy stages | Ministerio de Minas y Energía | Government | Primary: Contribute to the development and implementation of low-emission hydrogen in Colombia. | The roadmap for hydrogen in Colombia promotes green and blue hydrogen production. By 2030 at least 1 GW of electrolysers alongside a reduction of LCOH to 1.7 USD/Kg in areas of high renewable energy potential. Regarding blue hydrogen, the goal is to produce 50 kilotons by 2030. | https://www.minenergia.gov.co/documents/10192/24302627/Hoja+de+Ruta+H2+Colombia_Borrador.pdf |
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| Colombia | National | Fossil unconditional | Measures for mitigating the volatility of LPG prices | Resources | Gas and gas products | New or extended regulation (IT... | 26/08/2021 | Other energy stage | Comisión de Regulación de Energía y Gas (CREG) | Government | Primary: Defining a tariff option for the supply of LPG. | For the amounts of LPG that Ecopetrol introduces as a wholesaler in more than 75% of the market, a rate will be offered to the country's distributors which will make it possible to smooth the volatility of prices in the national territory and that this effect is transferred to the Colombian families that use this fuel. | https://www.minenergia.gov.co/en/web/10180/1332?idNoticia=24306169 |
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| Colombia | National | Fossil unconditional | Partial allocation of resources from the SOLDICOM fund to support retail distributors of gasoline an... | Resources | Oil and oil products | Budget or off-budget transfer ... | 1975720.8268581 | 15/04/2020 | Other energy stage | Ministry of Mines and Energy | Government | Primary: Reduce the expenditure of fuel stations in the country | 7300000000 | In the framework of Decree 574 (Art. 11), resources from the SOLDICOM fund (Fondo de protección y solidaridad) were committed to support retail distributors in the COVID contingency, allocating an initial budget of 7,300 million pesos with the aim of benefiting nearly 5,500 service stations in the whole country. | https://www.minenergia.gov.co/documents/10192/24187125/MJResoluci%C3%B3n+SOLDICOM+Decreto+574_22042020_NAAA.pdf/d365d746-43d0-498a-9914-1b1e41030396 |
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| Colombia | National | Other energy | Law 2099 of 2021 (the energy transition law) with incentives for non-conventional renewable energy ... | Multiple sectors | Multiple energy types | Tax or royalty or govt fee bre... | 10/07/2021 | Several energy stages | Congress | Government | Primary: Promoting incentives to energy production from non-conventional renewable energy sources and dictating norms for strenghtening electricity and fossil gas public services. | Law 2099 modifies law 1715 (2014) which was the first to introduce incentives for developing non-conventional renewable energy sources. Changes made by law 2099 include incentives to blue hydrogen projects and associated Carbon Capture and Storage (CCS) infrastructure such as income tax credit of 25% of the investment made, VAT exclusion and accelerated depreciation. It potentially favours the production of fossil fuels associated with blue hydrogen production. | https://dapre.presidencia.gov.co/normativa/normativa/LEY%202099%20DEL%2010%20DE%20JULIO%20DE%202021.pdf |
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| Colombia | National | Fossil conditional | Ecopetrol new investments in the Barrancabermeja refinery | Resources | Oil and oil products | Budget or off-budget transfer ... | 730746059.24889 | 18/02/2021 | Exploration or production or processing or storage or transportation | Ecopetrol | SOE | Primary: to reduce emissions and improve environmental standards | 2700000000000 | Ecopetrol announced an investment of about 777 million USD up to 2023 in the Barrancabermeja refinery. Investments are geared towards water protection, emissions reduction and fuel improvement: to improve the reliability of the water segregation system and the SOx emission control. one of the main initiatives is the technological update of the Wastewater Treatment Plant (Ptar), which already has a 74% progress in implementation. | https://www.larepublica.co/economia/ecopetrol-anuncia-inversion-de-27-billones-para-la-refineria-de-barrancabermeja-3127454 |
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| Colombia | National | Fossil unconditional | The Ministry of Mines and Energy enables economic aid to retail fuel distributors affected by the wi... | Mobility | Oil and oil products | Budget or off-budget transfer ... | 162388.01316642 | 19/11/2020 | 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 | 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 |
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| Colombia | National | Fossil unconditional | National Government reduces fuel prices: Gasoline drops COP 1,200 and diesel to COP 800. | Mobility | Oil and oil products | New or extended regulation (IT... | 16/03/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | Ministry of Mines and Energy | 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 |
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| 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) | 369599042.34376 | 28/08/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | Ministry of Finance and Public Credit | 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 | "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) |
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| Colombia | National | Other energy | New guidelines to improve efficiency in energy transmission | Power generation | Multiple energy types | New or extended regulation (IT... | 23/10/2020 | 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" |
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| 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... | 23/03/2020 | 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. This includes that no further suspensions of public services will be done to vulnerable low income households during the declaratory of quarantine. | 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 |
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| 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... | 2841790.2304124 | 28/01/2020 | 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 | To permit infrastructure projects in exchange of royalties and in line with the National and subnational development plans. | 28/01/2020 | 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 |
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| 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... | 10/06/2020 | 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/ |
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| 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 | Uncategorized | 81194.00658321 | 12/08/2020 | 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 | "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/" |
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| 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 ... | 04/06/2020 | 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 |
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| 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 ... | 1165156.5872427 | 16/10/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | 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/" |
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| Colombia | National | Fossil unconditional | Agreement 006 of 2020 by the National Hydrocarbons Agency | Resources | Oil and gas | New or extended regulation (IT... | 11/09/2020 | 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 |
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| 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 ... | 4330347.0177712 | 20/07/2020 | Several energy stages | Part of the National Plan of Investment and Employment also called ‘Nuevo Compromiso por el Futuro de Colombia’ | 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" |
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| 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... | 04/07/2020 | 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 |
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| Colombia | National | Other energy | Special credit line to public utility companies | Power generation | Multiple energy types | Loan (Hybrid) | 15/04/2020 | 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 |
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| Colombia | National | Clean unconditional | Medellin “eco-city” clean transport package | Mobility | Non-applicable (non-energy measure) | Uncategorized | 09/10/2020 | Active transport (cycling or walking) | Municipal Government | Government | 09/10/2020 | 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) |
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| 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... | 05/06/2020 | 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) |
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