Resoltuion No. 40179

The Colombian Ministry of Energy and Mines has introduced a series of decrees establishing a framework for the contracting of power generation projects, including those using photovoltaic and wind resources.

Legislation on Electric Power Generation Projects

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Laws and Policies

CCLW

CCLW national policies

Resolution 40179 approved

Resolution No. 40179 defines the parameters for long-term contracting auctions for electricity generation projects.It convokes a long-term energy contract auction for renewable energy projects. It sets key parameters for the auction process, such as:
1- Energy Demand: It outlines the target demand for renewable energy to be auctioned
2- Contract Period: It defines the contract length and when the obligations to supply electricity begin.
3- Renewable Energy Targets: It supports the goal to incorporate non-conventional renewable energy sources into the country’s energy matrix, as outlined in the National Expansion Plan.
4- Previous Auctions: It acknowledges prior energy contracts and identifies a gap in meeting renewable energy goals for 2031.
This resolution aims to bolster energy generation, especially from NCRES, as part of Colombia's commitment to reducing carbon emissions and enhancing energy security.

Resolution No. 40179

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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

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

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

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

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

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.

Resoltuion No. 40179

Renewable energy

Fossil fuel

Economic sector

Adaptation/resilience

Finance