The Colombian government announced at the World Economic Forum in Davos that it will stop issuing new licenses for oil and gas exploration. 👏
The move is aimed at reducing the country's dependence on fossil fuels and transitioning to renewable energy sources. The Colombian government has said that it wants to reach 70% renewable energy by 2030. Colombia is the fourth-largest oil producer in Latin America and the decision is expected to have a significant impact on the country's economy.
The country's oil sector currently accounts for around 5% of GDP and almost a quarter of exports. However, the country is also facing a significant environmental and social impact due to oil extraction activities in the past, and the government stated that the new plan will also focus on environmental recovery and social inclusion.
“We are convinced that strong investment in tourism, given the beauty of the country, and the capacity and potential that the country has to generate clean energy, could, in the short term, perfectly fill the void left by fossil fuels,” said President Gustavo Petro to reporters in Davos.
https://www.theguardian.com/world/2023/jan/20/colombia-stop-new-oil-gas-exploration-davos
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I hope other countries in the region will follow Colombia's example and make similar commitments to reducing their dependence on fossil fuels.
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If the move will be taken with the seriousness it requires, then it's absolutely of good help
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This is a good decision towards renewable energy
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Dear Sarah Chabane Thank you for getting your climate love to level 2! We have reached out to Gustavo Petro and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time
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It should be halted.
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We do not have time, time to act is now.
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This is impresive i hope they will keep their word on this.
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Way to go... This was an important move
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It will be important to monitor the effects of this decision and ensure that it is done in a way that minimizes any negative impact on the country's economy while maximizing the benefits of transitioning to clean energy.
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This is a serious move.
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hope this Will be done as fast as possible
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Hope it happens and be implemented
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Let's hope it's not just talk.Way to go Colombia 💪
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way to go!!
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A bold move! I hope they follow through. It is key that the promised clean energy and tourism investments are made to "fill the void", or this may be chalked up as rhetoric.
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Good decision, transitioning to renewable energy is our future
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This is the kind of news I would love to hear everyday. #COLOMBIA
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This is the type of news I wish to read more often! Good job Colombia!
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This might not happen because it has not yet been decided! The decision will be made after the government reviews existing contracts. But lets have hope and be optimistic that it will happen.