A Doing-Business platform funded and supported by the EU aimed at developing B2B value-added relations between EU providers of low carbon technologies and companies seeking for sustainable solutions in Colombia
The EU-Colombia Trade Agreement covers Trade and Sustainable Development and give special importance to issues related to green diplomacy.
In 2017, Colombia ratified the Paris agreement and assumed its NDC, which pledged to unconditionally reduce its GHG emissions by 20% below projected business as usual (BAU) scenario11 by 2030. Depending on international financing support, this goal could be increased up to 30%.
As shown in the figure above, between 2000 and 2014, emissions from the energy sector increased by 41%, specifically from the burning of fossil fuels for energy production and transportation use.
Colombia is South America´s largest coal producer and the region´s third-largest oil producer. This is reflected in its primary electric energy matrix, where coal represents 44% and oil 33% of the total generation.
In 2014, the AFOLU sector was the largest emitter and accounted for 55% of total GHG emissions, followed by energy (35%), waste (4%) and IPPU (4%).15 As shown in the figure below, between 2000 and 2014, the total GHG emissions decreased by 4.3%, mainly due to the AFOLU sector, which decreased emissions by 29% during the period. In addition, GHG removals increased by 44%, mainly influenced by the sowing of commercial forestry plantation.
