Analysis of the need investments for the Just Energy Transition

This collection is made up by documents that relate to Colombia's fair energy transition. 
The Fair Energy Transition is a key process in the fight against climate change, involving the transformation of current energy systems to one based on a low-GHG emitter, having fairer and more sustainable model. 
Colombia's green and fair energy transition strategy seeks to pursue descarbonisation in a way that takes into account paramount elements such as (i) equity and social, environmental and energy justice; (ii) graduality and sovereignty while pursuing the progressive replacement of the current matrix with a cleaner and more efficient one; (iii) social participation; and, (iv) knowledgeable to create economic alternatives.


Colombia's Fair Energy Transition

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Laws and Policies

CCLW

CCLW national policies

Diagnosis of the just energy transition

National Scenarios for the Just Energy Transition

Sub-national energy potential and opportunities for decarbonisation in final energy use

Socioenvironmental Opportunities and Challenges of a Just Energy Transition

Just Energy Transition Roadmap - Presentation

Just Energy Transition Roadmap

Supporting Documents Published

Roadmap and Presentation Published

<p>The Roadmap for a Just Energy Transition (TEJ in Spanish) provides guidelines for Colombia's transition from an energy matrix based mainly on fossil fuels to one supported mainly by renewable energies, taking into account conditions of binding participation, recognition of multiple knowledge, energy democratisation, and prevention and mitigation of social and environmental damage.The Roadmap firstly presents a full diagnosis of the Fair Energy Transition in Colombia. This diagnosis report is structured into six chapters, covering global energy transition trends, Colombia's current energy system, challenges of its fossil fuel-dependent economy, and the legal framework for the transition. It concludes with key challenges for the transition roadmap, informed by territorial and business dialogues conducted by the Ministry of Mines and Energy across the country. The roadmap is also supported by a bundle of analytical and scenario-based documents: 1 - A central component of this Roadmap consists of the construction of scenarios that incorporate the different Just Energy Transition proposals put forward by the National Government and try to explore potential possible futures in order to make decisions. It presents scenarios of the future development of the different economic sectors, making assumptions about the mechanisms and speeds of implementation of various public policies aimed at reducing GHG emissions, reducing fossil fuel consumption, reindustrialisation, the use of non-conventional renewable energy sources 2- Another document - the Sub-national energy potential and opportunities for decarbonisation in final energy use - aims to  identify the production potential of Non-Conventional Renewable Energy Sources (NCRE), (wind, solar, bioenergy, geothermal, hydroelectricity and green hydrogen) and look at the available decarbonisation alternatives.3-  The third document named 'Challenge and Opportunities' tries to consider main challenges and develop strategies that favour the implementation of the energy transition with a social, environmental, energy and climate justice perspective 4- The investments assessment presents the costs  for the different energy scenarios projected for both energy supply and demand.</p>

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

A long-lived, colourless gas, chiefly emitted from fossil fuel combustion, deforestation and cement production.

This sector involves the wholesale and retail selling of goods.

A subsidy is a direct or indirect payment to individuals or businesses, typically provided as a government cash payment or a specific tax reduction.

Any compulsory, unrequited payment to the government levied on corporations or individuals. This can be for environmental reasons, such as introducing a Carbon tax to set a price that emitters must pay for the greenhouse gases they emit.

This sector includes firms and individuals offering specialised expertise in fields such as law, accounting, consulting, science and engineering.

Energy derived from biological compounds that are renewable due to their short life cycle within the carbon dioxide cycle.

Direct investments by the governments using public funds. This can be to support climate initiatives or integrate climate into other projects.

Activities of businesses and institutions that provide financial services and products to individuals and organisations.

A tax advantage is an economic benefit applied to certain accounts or investments that are, by law, tax-reduced, tax-deferred, or tax-free. This can apply to investments in areas such as green energy projects or the agricultural sector, where tax advantages can help manage financial risks.

The activities of industries that transforms raw materials into finished goods through industrial processes.

The activities of industries involved in the production, distribution, and sale of energy, including electricity, gas, and renewables.

Activities that provide lodging, food, and entertainment services to guests, including hotels, restaurants, and resorts.

This sector creates and distributes information and entertainment through television, radio, print, and digital platforms.

A commitment to balance GHG emissions with removal by a certain point in time, effectively reducing the net emissions to zero

Activities of industries that extract natural resources, such as mining, oil, and gas, for commercial use.

Financial support to help individuals manage the effects of unexpected events, securing their livelihoods and increasing the resilience of people and businesses to the changing climate. It’s especially vital in developing regions where everyday risks, climate-related weather extremes, or crop failures can push people into poverty. Without insurance, people may have to resort to selling assets or cutting consumption to cope with losses.

Oil is a combustible liquid fossil fuel composed mainly of hydrocarbons, occurring as crude oil and refined into petroleum products such as petrol, diesel and kerosene.

Actions or measures to adapt freshwater systems to climate change.

Electricity generation from devices driven by the movement of salt water, differences in saltwater temperatures, or salinity gradients.

Heat extracted from the ground, usually in the form of hot water or steam and typically referred to as hydrothermal fluid.

The release of heat-trapping gases, primarily from human activities such as burning fossil fuels, agriculture and industry.

People who are less able to respond to the effects of climate change due to having limited financial or physical assets

Actions to adapt and increase the resilience of rural and urban infrastructure and settlements to climate change.

A target to reduce the prevalence of a greenhouse gas over a specific time frame

Coal is a combustible sedimentary rock formed from carbonised plant matter, rich in carbon and hydrocarbons, and occurring in several main types including hard coal and brown coal.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

Electrical energy generated from mechanical devices driven by flowing fresh water.

Activities that involve planning, designing and building infrastructure, residential, and commercial structures.

Kinetic energy of airflow transformed into useful energy, mostly electrical energy.

Production of electricity and heat from solar irradiation.

Conditions that enhance the feasibility of adaptation options. Enabling conditions include finance, technological innovation, strengthening policy instruments, institutional capacity, multi-level governance and changes in human behaviour and lifestyles.

This sector provides communication services, software development, and IT solutions.

Actions or measures to adapt freshwater, coastal and marine systems to climate change.

Jobs that contribute to preserving or restoring the environment. We include jobs which require a high amount of green skills or which spend much of their time on green activities, as well as jobs transforming polluting industries.

Activities of government agencies and institutions that provide public services, enforce laws and manage public resources.

This sector involves activities to move goods and people, alongside the storage of products.

Social inclusion is the process of improving the terms on which individuals and groups take part in society—improving the ability, opportunity, and dignity of those disadvantaged on the basis of their identity.

Extreme weather refers to events where a weather variable exceeds (or falls below) a threshold. Meaning it is significantly different from the average or usual weather pattern.

Fossil gas, commonly known as natural gas, is a fossil fuel consisting chiefly of methane with smaller amounts of other hydrocarbons and trace gases, found in underground deposits.

Analysis of the need investments for the Just Energy Transition

Target

Policy instrument

Risk

Impacted group

Just transition

Renewable energy

Fossil fuel

Greenhouse gas

Economic sector

Adaptation/resilience

Finance