Colombia has some of the highest renewable energy potential in Latin America and has seen rapid growth in clean energy and other low carbon sectors in the last decade. According to Bloomberg NEF, in 2022 Colombia will kick off a renewable energy boom, which in the next four years will multiply the country’s wind and solar capacity by a factor of 13 from 2021 levels (353 MW). From 2011 to 2019, Colombia attracted $1.3 billion in clean energy investments and received a record $800 million of investment in 2021 alone. However, the country will need substantially more investment to deliver its queue of wind farms awaiting financing.
About the Climate Finance Leadership Initiative (CFLI)
The Climate Finance Leadership Initiative (CFLI) convenes leading companies to mobilize and scale private capital for climate solutions. Michael R. Bloomberg formed the CFLI at the request of the United Nations Secretary-General António Guterres. Founding members of the CFLI include Allianz Global Investors, AXA, Bloomberg, Enel, Goldman Sachs, Japan’s Government Pension Investment Fund (GPIF), HSBC, and Macquarie.
* At the exchange rate prevailing on December 31, 2021 (COP 4,527.77 to the EUR).
Bloomberg on Climate
Led by Michael R. Bloomberg, a global climate champion and Special Envoy to the UN Secretary-General, Bloomberg is tackling the climate crisis from every angle.
Bloomberg Philanthropies is at the forefront of U.S. and global efforts to fight climate change and protect the environment across a key array of issues. Bringing together mayors and other government and business leaders, grassroots partners, and environmental advocates, Bloomberg Philanthropies implements bold programs that tackle the climate crisis and help build a more sustainable, resilient, and equitable economy. Its efforts are accelerating the transition from coal to clean energy, improving air quality and public health, advancing city climate action, protecting and preserving ocean ecosystems, and helping unlock billions of dollars in sustainable finance.
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