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Re: energybuyer post# 48845

Wednesday, 05/24/2023 9:30:59 AM

Wednesday, May 24, 2023 9:30:59 AM

Post# of 49508
Colombia has significant potential to develop its renewable energy sector and has already introduced favorable policies to support this development. However, with an economy that continues to rely heavily on fossil fuels, President Petro will have to ensure economic stability and alternative employment to achieve a successful green transition. Further, while the country is attracting high levels of investment in its renewable energy sector, it must improve its complex regulatory and tax systems if it hopes to accelerate the development of its green energy capacity.