On January 24, the GGGI Colombia team together with experts from the Green Investment Services Unit presented the final results from the study “Innovative business models and financing mechanisms to catalyze private investment for waste to energy projects in Colombia”. The presentation was delivered at the Director of the Environmental and Social Affairs Unit of the Ministry of Mines and Energy and a team of experts from the Energy Planning Unit (UPME). The project was financed by the Federal Ministry for Economic Cooperation and Development (BMZ) of Germany.
The analysis was commissioned after resolution 240/2016 establishing the conditions for the production and commercialization of biogas and biomethane in Colombia and is implemented under the NDC Partnership program. The study focused on the assessment of potential business models applicable to waste to energy projects in the country, taking into account market, financial, regulatory and technological conditions of Colombia for three priority bio-residue sectors, namely municipal waste, palm oil effluents and poultry litter. Results and recommendations from the study will provide the groundwork for the development of projects to be submitted to the Nationally Appropriate Mitigation Action (NAMA) registry. More information, please click here.
The project is part of GGGI’s support to the Government of Colombia and is aimed to inform the MME strategy to commercialize residual biomass waste to energy projects in the country, providing the basis for the development of bankable projects. The analysis will serve MME and UPME as reference in the development of demonstration projects to be replicated in order to meet Colombia’s NDC targets, enabling access to international climate finance and private sector involvement. During the course of 2018, GGGI Colombia team will continue working closely with the Government of Colombia to provide sustained support during project origination and structuring.
About the Global Green Growth Institute (GGGI)
Based in Seoul, GGGI is an intergovernmental organization founded to support and promote green growth. The organization partners with countries to help them build economies that grow strongly, are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. To learn more about GGGI, see http://www.gggi.org and visit us on Facebook and Twitter.
Maria Cristina Albarracin
Lead, Investment and Project Finance Colombia Program
Global Green Growth Institute
Mobile: +57 3137445773