Colombia Eyes $40-Billion Energy Transition Investment

Colombia wants to fuel its transition away from oil and gas with an investment plan worth $40 billion that should replace revenues from hydrocarbon exports. These are expected to decline after the Colombian government stopped issuing new drilling permits two years ago, Bloomberg reported, citing the country’s environment minister as saying the money would be spent on what the publication called “nature-based climate solutions”, along with low-carbon energy, transport electrification, agricultural practices improvement projects,…