IAHL Corporation (IAHL)

[Gators12]

It’s possible for Colombia to reach 100% clean energy by 2030, in part because 70% of its current grid energy is from hydroelectricity. Supply side incentives for alternative energy are fast increasing. Both solar and wind are booming in the region with technical know-how fast developing. Previously marginalized Caribbean areas of the country enjoy solar radiation that’s well above global averages. Hydrogen production possibilities made significant progress in Colombia in 2021, though it will depend on water electrolysis and tumbling prices for clean electricity needed for production.

The country’s National Hydrogen Strategy and Roadmap includes plans to expand the hydrogen infrastructure in the transport sector focusing on the long-haul heavy-duty sector. In transport and for export, Colombia’s production of sulfur-free biofuels, in particular ethanol and biodiesel, have beneficial environmental impacts, reduce greenhouse gas emissions, and stimulate rural economic development. In 2022, biofuels in Colombia replaced more than 20,000 barrels per day of fossil fuels consumed and generated close to a 100,000 jobs. The fiscal impact of biofuel production is significant, both strategically for import substitution and for the dollar-sensitive needs.