Implementing partner: World Resources Institute |
Consortium Partners: AWRI Mexico, WRI Brazil, WRI Colombia, Clean Energy Works |
Implementation period: April 2021 - April 2022 |
Sector: Just Energy Transition |
Governments alone lack the resources to invest in clean energy at the levels needed to achieve a low-carbon market transformation. Commercial and industrial companies have the potential to drive clean energy investment and deployment at the necessary scale. In Colombia, the commercial and industrial sectors represent more than half of the country's electricity usage, but capacity, policy, and market constraints limit commercial and industrial clean energy investment and slow the transition to a low-carbon economy.
This project aimed to harness the power of the private sector to help Colombia exceed its NDC targets and have a transformational, equitable, positive, and lasting impact on climate action. CEIA’s engagement with C&I companies, business associations, service providers, and other private sector stakeholders builds capacity to integrate and prioritize investment in new technologies and business models to drive emissions reductions.
UK PACT (Partnering for Accelerated Climate Transitions) is a unique capacity-building programme. Jointly governed and funded by the UK Government’s Foreign, Commonwealth and Development Office (FCDO) and the Department for Energy Security and Net Zero (DESNZ) through the UK's International Climate Finance, it works in partnership with countries with high emissions reduction potential to support them to implement and increase their ambitions for tackling climate change.
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