Colombia

Index rank 24

Balance Score

AAC

Energy Sustainability Index Rankings and Balance Score

 2011  2012  2013  Trend Score
Energy Performance  15  15  13   
Energy Security  12  6  5  A
Energy Equity  86  86  85  C
Environmental Sustainability  4  4  4  A
         
Contextual Performance  76  68  67   
Political Strength  85  77  72   
Societal Strength  70  73  73   
Economic Strength  68  59  56   
         
Overall Rank  29  26  24  AAC
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Fossil Fuel Reserves

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Key Metrics

Industrial sector (% of GDP) 38.1
TPEP / TPEC  (net energy exporter) 3.30
Emission intensity (kg CO2 per USD) 0.14
Energy affordability (USD per kWh) 0.11
GDP / capita (PPP, USD); GDP Group 10,315 (III)
Energy intensity (million BTU per USD) 0.08
CO2 emissions (metric tons CO2 per capita) 1.22
Population Access to Electricity (%) 96.8
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Index Commentary

Colombia continues to strengthen its overall Index position and moves up another two places. A member of the ‘Hydro-powered’ grouping of countries, Colombia exhibits extremely strong performance on the energy security and environmental sustainability dimensions of the energy trilemma, but, like many of its peers, is still struggling with a lagging energy equity ranking. Continued strong performance on the energy security dimension is largely driven by the energy exporter’s favourable total energy production to consumption ratio and its large strategic oil reserves. Energy equity, Colombia’s weakest dimension, sees lower (but still high) gasoline prices and a slightly increased household expenditure on electricity. Environmental sustainability performance continues to be among the best in the world. Contextually, indicators of political and economic strength see some improvement, while societal strength remains largely unchanged.

Trends and Outlook

Colombia, although relatively high positioned in the Index, still faces major challenges such as: expanding coverage of energy services, and finding solutions based on non-conventional energies; improving quality and reliability of energy services; diversification of the energy mix; and sustaining the positive economic development without increasing CO2 emissions.

Main areas policymakers are focusing on are: 1) ensuring the continued development of the mining and energy sector as one of the main drivers of economic growth and social development; 2) promoting of energy efficiency on energy demand and supply side, and consolidating a culture for sustainable use of natural resources; 3) strengthening the participation of different stakeholders in the development phases of the industry; 4) increasing exploration of natural gas; 5) developing and implementing efficient mass transportation systems; 6) ensuring the expansion of electricity generation capacity; and 7) strengthening guarantees and investment opportunities in the country, and boosting investment in science and technology in the energy sector.

Furthermore, Colombia was an active participant at the Rio+20 summit, and is committed to continue this effort in: setting the objectives of sustainable development; seeking food security; protecting water sources; promoting the use of renewable energy; sustainable city development; protecting the oceans; and increasing employment to reduce poverty.