Energy transition in Colombia and Central America
The global discussion on the direction of energy policy is dominated by the energy transition and the need to reduce greenhouse gas emissions. This has led to increasing pressure for countries to restrict the production and consumption of fossil fuels and to accelerate the transition toward low-emission energy production and consumption in order to contribute to the fight against global warming.
Description of the Roadmap Study for the Energy Transition:
We all know that one of the crises considered among the greatest challenges of the 21st century, one that still remains unresolved, is climate change. We are living in a time of major challenges that can be transformed into opportunities to accelerate the transition toward a more just society that respects the planet. To achieve this, we must focus our efforts on identifying innovative, timely, and effective solutions for both the planet and humanity. Without a doubt, the impacts of climate change require us to prioritize short- and long-term actions to adapt and prevent more severe consequences. Motivated by the desire to contribute to this collective effort, the Enel Group is making available the studies titled “Roadmap for the Energy Transition of Colombia and Central America 2030-2050”, prepared by independent consultants for the four countries in which we operate. These studies were developed with the inclusive participation of various public and private institutions, industry associations, academia, and national experts. This initiative represents a technical and inclusive proposal promoted by Enel, aimed at accelerating the necessary transition toward the sustainable decarbonization of the energy model in the countries where we operate. It does so by sharing and strengthening baseline conditions, incorporating diverse perspectives on key issues, and identifying potential pathways toward carbon-neutral nations.
ETR LATAM Project:
This same initiative is being carried out in four other Latin American countries where the Enel Group operates. Globally, Enel has been leading the energy transition and has announced that it will achieve Zero Carbon by 2040. "Now we must join forces to follow a coherent path to limit global warming. The electrification of consumption, combined with renewable energy, will be key to achieving zero emissions and limiting global warming. The energy transition is beneficial not only for the climate, but also for the economy and society. The electrification of consumption and the digitalization of energy grids will support this transformation, and new clean generation technologies will provide jobs and development for our region”.
Key Highlights of the Studies Conducted:
The study was carried out using the TIMES model (The Integrated MARKAL-EFOM System), developed by the IEA-ETSAP to build energy scenarios with in-depth energy and environmental analyses. It is also a bottom-up modeling framework designed to produce a least-cost energy system over medium- to long-term horizons. The analysis covers the transport, industry, buildings, and power generation subsectors.
The models use recent, up-to-date information and take into account current energy policies (capacity auctions, electric vehicle targets, etc.). The scenarios consider different outcomes for 2030 and 2050 across technological, regulatory, and economic variables, which are used to construct narratives of future scenarios.
Greenhouse Gas (GHG) emission scenarios for 2050 were developed, including technological variants across the entire economic system, aligned with decarbonization goals and national contexts.
Identifies intermediate targets consistent with the 2050 pathway and outlines trajectories to achieve decarbonization objectives.
Open, transparent, and collaborative dialogues were held with energy sector stakeholders to exchange views on the most critical issues to ensure the success of the energy transition, including: current and future energy demand; the integration of smart and non-conventional technologies; the development of electric mobility; distributed generation; green hydrogen; cost-benefit analysis for the national economy; and the employment impact, including workforce transition and the creation of new job opportunities.
Various public policy recommendations are presented, aimed at creating an enabling environment for the investments required to achieve an efficient, gradual, secure, inclusive, and just energy transition.
For more information about the Roadmap Studies for the Energy Transition 2030-2050, you may contact us at: transicion-energetica@enel.com
If you would like to explore the details of the study conducted for each country, click on the respective country
Explore the 2022 ETR Studies:
Phase 1
- Consultant Presentation CREE #1 - ETR Colombia Launch
- Video - Workshop #1 ETR Colombia Launch
Phase 2:
- Consultant Presentation CREE #2 - ETR Colombia Interim Results
- Video - Workshop #2 ETR Colombia Interim Results
- Video - ETR Colombia Technical Working Sessions
Phase 3:
- Consultant Presentation CREE #3 - ETR Colombia Final Results
- Video - Workshop #3 ETR Colombia Final Results
- Summary Infographics - ETR Colombia Final Results Infographic #1 and Infographic #2
- Document - ETR Colombia Final Report
Explore the 2019 ETR Studies:
- Video - Final Workshop
- Mariano Morazzo Introductory Presentation Final Workshop
- Enel Vision and 2019 ETR Results Presentation
- Universidad de los Andes Presentation - 2019 Workshop
- Executive Summary of the ETR Colombia Report
- Document - Final Report
Phase 1
- Consultant Presentation DELOITTE #2 - ETR Panama Launch
- Video - Workshop #2 ETR Panama Launch
Phase 2:
- Consultant Presentation DELOITTE #2 - ETR Panama Interim Results
- Video - Workshop #2 ETR Panama Interim Results
Phase 3:
- Consultant Presentation DELOITTE #3 - ETR Panama Final Results
- Video - Workshop #3 ETR Panama Final Results
- Video - Summary of ETR Central America Technical Working Sessions
- PDF Document - ETR Panama Final Report
Explore the 2022 ETR Studies:
Phase 1
- Consultant Presentation DELOITTE #1 - ETR Guatemala Launch
- Video - Workshop #1 ETR Guatemala Launch
Phase 2:
- Consultant Presentation DELOITTE #2 - ETR Guatemala Interim Results
- Video - Workshop #2 ETR Guatemala Interim Results
Phase 3:
- Consultant Presentation DELOITTE #3 - ETR Guatemala Final Results
- Video - Workshop #3 ETR Guatemala Final Results
- Video - Summary of ETR Central America Technical Working Sessions
- PDF Document - ETR Guatemala Final Report
Explore the 2022 ETR Studies:
Phase 1:
- Consultant Presentation DELOITTE #1 - ETR Costa Rica Launch
- Video - Workshop #1 ETR Costa Rica Launch
Phase 2:
- Consultant Presentation DELOITTE #2 - ETR Costa Rica Interim Results
- Video - Workshop #2 ETR Costa Rica Interim Results
Phase 3:
- Consultant Presentation DELOITTE #3 - ETR Costa Rica Final Results
- Video - Workshop #3 ETR Costa Rica Final Results
- Video - Summary of ETR Central America Technical Working Sessions
- PDF Document - ETR Costa Rica Final Report
Independent Consultant that Developed the Roadmap for Colombia:
ABOUT CREE: The Centro Regional de Estudios de Energía (Regional Center for Energy Studies - CREE) was created to research, analyze, and discuss energy policy issues in Colombia. While it works across different areas, the Energy Transition (ET) is at the core of its work. Not only is it central to the energy debate as the main vehicle to address climate change threats, but it is also closely linked to the most relevant energy policy discussions. Expansion mechanisms, the use of new technologies, energy market operations, supply security, consumption efficiency, and integration are among the topics CREE seeks to address through quantitative tools and analysis from a public policy and regulatory perspective.
Independent Consultant that Developed the Roadmap for Costa Rica, Guatemala, and Panama:
ABOUT DELOITTE: Deloitte Touche Tohmatsu Limited (DTTL) is a global organization with a worldwide network of member firms in more than 150 countries. It provides audit, tax, consulting, financial advisory, risk advisory, and legal and tax advisory services to 80% of the world’s largest multinational companies, as well as to local businesses, public and private institutions, and successful fast-growing companies across various industry sectors.