Nov 16, 2024
Colombia’s Ambitious Shift Toward a Green Economy Faces Financial Hurdles
Colombia’s government is committed to transitioning from a fossil fuel-dependent economy to one focused on green energy and environmental protection, but faces challenges due to higher borrowing costs and limited international financial support.
Under President Gustavo Petro, Colombia is striving to move away from its reliance on oil and coal, which currently constitute about half of export revenues. The government aims to attract international investment and foster green projects, but scaling clean energy effectively remains a significant hurdle. Environment Minister Susana Muhamad emphasized the need for new financial rules to aid developing countries and advocated for a non-proliferation treaty for fossil fuels at the UN climate talks. Critics argue that while the transition is morally sound, it risks significant economic repercussions for Colombia. Read more.
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Jul 14, 2025
India Achieves 50% Non‑Fossil Power Capacity Five Years Ahead of Target
India has reached 50% of its installed electricity capacity from non-fossil sources—solar, wind, hydro, and nuclear—marking a major milestone well ahead of its 2030 clean energy goal.
Jul 11, 2025
China Introduces First Renewable-Energy Targets for Steel, Cement, Polysilicon & Data Centres
China’s National Development and Reform Commission rolled out its first Renewable Portfolio Standards (RPS) for heavy industry—steel, cement, polysilicon—and new data centers, mandating significant renewable power use by province.