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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Jun 5, 2025
Renewable Energy Investors Receive Mixed Signals In The U.S.
In early 2025, U.S. clean energy investments faced significant setbacks, with $8 billion in projects canceled amid policy uncertainties and shifting federal priorities.
U.S. Utility-Scale Solar Installations Drop 30% in Q1 2025 Amid Policy Uncertainty
In the first quarter of 2025, the U.S. installed 4.4 GW of utility-scale solar power, marking a 30% decrease from the previous year’s record, as policy uncertainties and market challenges impact the renewable energy sector.