IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i17p7263-d1462758.html
   My bibliography  Save this article

Energy Transition in Colombia: An Implementation Proposal for SMEs

Author

Listed:
  • Jhon Pinedo-López

    (Faculty of Administrative, Accounting and Related Sciences, Universidad Cooperativa de Colombia, Montería 230002, Colombia)

  • Rubén Baena-Navarro

    (Department of Systems Engineering, Faculty of Engineering, Universidad de Córdoba, Montería 230002, Colombia
    Systems Engineering Program, Faculty of Engineering, Universidad Cooperativa de Colombia, Montería 230002, Colombia
    Postdoctoral Program in Science, Research and Methodology, Universidad del Zulia, Costa Oriental del Lago (LUZ-COL) and International Center for Advanced Studies (Ciea-Sypal), Cabimas 4013, Zulia, Venezuela)

  • Nini Durán-Rojas

    (Master Program in Financial Assurance and Corporate Sustainability, Universidad Cooperativa de Colombia, Bogotá 111311, Colombia)

  • Lina Díaz-Cogollo

    (Master Program in Financial Assurance and Corporate Sustainability, Universidad Cooperativa de Colombia, Bogotá 111311, Colombia)

  • Luis Farak-Flórez

    (Master Program in Financial Assurance and Corporate Sustainability, Universidad Cooperativa de Colombia, Bogotá 111311, Colombia)

Abstract

The environmental summits in Rio de Janeiro, Kyoto, Johannesburg, Bali, Copenhagen, and Paris significantly contributed to raising awareness among nations about the need to reduce greenhouse gas (GHG) emissions. In this context, the energy transition from carbon-based energy sources to renewable energy sources is one of the main goals for both states and companies in the short and medium term. Therefore, the objective of this article is to propose a methodological route for the implementation of energy transition in Colombian SMEs. To achieve this objective, it was necessary to analyze the climate change and energy transition programs included in Colombia’s development plans. The results show that SMEs do not have significant participation in energy transition processes, mainly due to the economic and market barriers they face. However, the fiscal incentives and subsidies established by the government since 2018 increase opportunities for their participation in the present and the coming years.

Suggested Citation

  • Jhon Pinedo-López & Rubén Baena-Navarro & Nini Durán-Rojas & Lina Díaz-Cogollo & Luis Farak-Flórez, 2024. "Energy Transition in Colombia: An Implementation Proposal for SMEs," Sustainability, MDPI, vol. 16(17), pages 1-17, August.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:17:p:7263-:d:1462758
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/17/7263/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/17/7263/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Margarida Rodrigues & Mário Franco, 2023. "Green Innovation in Small and Medium-Sized Enterprises (SMEs): A Qualitative Approach," Sustainability, MDPI, vol. 15(5), pages 1-12, March.
    2. Roger Fouquet & Ralph Hippe, 2022. "Twin Transitions of Decarbonisation and Digitalisation: A Historical Perspective on Energy and Information in European Economies," Working Papers 08-22, Association Française de Cliométrie (AFC).
    3. Luz Elba Torres-Guevara & Vanessa Prieto-Sandoval & Andres Mejia-Villa, 2021. "Success Drivers for Implementing Circular Economy: A Case Study from the Building Sector in Colombia," Sustainability, MDPI, vol. 13(3), pages 1-17, January.
    4. Lin, Boqiang & Huang, Chenchen, 2023. "Nonlinear relationship between digitization and energy efficiency: Evidence from transnational panel data," Energy, Elsevier, vol. 276(C).
    5. Aldemar Leguizamon-Perilla & Juan S. Rodriguez-Bernal & Laidi Moralez-Cruz & Nidia Isabel Farfán-Martinez & César Nieto-Londoño & Rafael E. Vásquez & Ana Escudero-Atehortua, 2023. "Digitalisation and Modernisation of Hydropower Operating Facilities to Support the Colombian Energy Mix Flexibility," Energies, MDPI, vol. 16(7), pages 1-17, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Joanna Florek & Ryszard Staniszewski & Dorota Czerwińska-Kayzer & Dariusz Kayzer, 2024. "Functioning of the Energy Sector Under Crisis Conditions—A Polish Perspective," Energies, MDPI, vol. 17(23), pages 1-23, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Crescenzo Pepe & Silvia Maria Zanoli, 2024. "Digitalization, Industry 4.0, Data, KPIs, Modelization and Forecast for Energy Production in Hydroelectric Power Plants: A Review," Energies, MDPI, vol. 17(4), pages 1-35, February.
    2. Andrea Bacchiocchi & Alessandro Bellocchi & Germana Giombini, 2024. "Green Investment Challenges in European Firms: Internal vs. External Resources," Sustainability, MDPI, vol. 16(2), pages 1-20, January.
    3. Iniobong Beauty John & Samuel A. Adekunle & Clinton O. Aigbavboa, 2023. "Adoption of Circular Economy by Construction Industry SMEs: Organisational Growth Transition Study," Sustainability, MDPI, vol. 15(7), pages 1-13, March.
    4. Roope Husgafvel & Daishi Sakaguchi, 2021. "Circular Economy Development in the Construction Sector in Japan," World, MDPI, vol. 3(1), pages 1-26, December.
    5. Ralph Hippe & Damien Demailly & Claude Diebolt, 2022. "The Digital Transition for a Sustainable Mobility Regime? A Long-Run Perspective," Working Papers of BETA 2022-19, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    6. Wang, Weizhong & Chen, Yu & Wang, Yi & Deveci, Muhammet & Moslem, Sarbast & Coffman, D'Maris, 2024. "Unveiling the implementation barriers to the digital transformation in the energy sector using the Fermatean cubic fuzzy method," Applied Energy, Elsevier, vol. 360(C).
    7. Albérico Travassos Rosário & Paula Lopes & Filipe Sales Rosário, 2024. "Sustainability and the Circular Economy Business Development," Sustainability, MDPI, vol. 16(14), pages 1-24, July.
    8. Lukas Alexander Benz, 2022. "Critical Success Factors for Circular Business Model Innovation from the Perspective of the Sustainable Development Goals," Sustainability, MDPI, vol. 14(10), pages 1-18, May.
    9. Vasconcelos-Garcia, Madalena & Carrilho-Nunes, Inês, 2024. "Internationalisation and digitalisation as drivers for eco-innovation in the European Union," Structural Change and Economic Dynamics, Elsevier, vol. 70(C), pages 245-256.
    10. Balaji Kalluri & Vishnupriya Vishnupriya & Pandarasamy Arjunan & Jay Dhariwal, 2023. "Net-Zero Energy Campuses in India: Blending Education and Governance for Sustainable and Just Transition," Sustainability, MDPI, vol. 16(1), pages 1-23, December.
    11. Lin, Boqiang & Huang, Chenchen, 2023. "Nonlinear relationship between digitization and energy efficiency: Evidence from transnational panel data," Energy, Elsevier, vol. 276(C).
    12. Xiu Jie Deng & Man Qing Yuan & Cai Yi Luo, 2024. "Corporate digital transformation, market competition, and the environmental performance—Microevidence from Chinese manufacturing," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3279-3298, May.
    13. Govindan, Kannan, 2023. "How digitalization transforms the traditional circular economy to a smart circular economy for achieving SDGs and net zero," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 177(C).
    14. Eugenia Gonzalez Ehlinger & Fabian Stephany, 2023. "Skills or Degree? The Rise of Skill-Based Hiring for AI and Green Jobs," CESifo Working Paper Series 10817, CESifo.
    15. Luo, Jiahui & Dong, Jingrong & Tan, Zhixiong & Zhang, Haitao & Zhang, Wenqing, 2024. "Relatedness, digital economy and renewable energy product evolution—based on product space perspective," Energy Policy, Elsevier, vol. 186(C).
    16. Emel Gelmez & Eren Özceylan & Beata Mrugalska, 2024. "The Impact of Green Supply Chain Management on Green Innovation, Environmental Performance, and Competitive Advantage," Sustainability, MDPI, vol. 16(22), pages 1-18, November.
    17. Alvarado-Bawab, María Bernarda & Marenco, Sandra Villa, 2023. "Industrial perspective regarding circular economy activities in Atlántico-Colombia," Economia agro-alimentare / Food Economy, Italian Society of Agri-food Economics/Società Italiana di Economia Agro-Alimentare (SIEA), vol. 25(1), April.
    18. Mahmoud Alhawamdeh & Juan A. Ferriz-Papi & Angela Lee, 2024. "Examining the Drivers to Support Improved Construction and Demolition Waste Management for a Circular Economy: A Comprehensive Review Using a Systematic Approach," Sustainability, MDPI, vol. 16(14), pages 1-17, July.
    19. MUÑOZ DE BUSTILLO LLORENTE Rafael, 2024. "A Critical Review of the Digital and Green Twin Transitions. Implications, synergies and trade-offs," JRC Working Papers on Labour, Education and Technology 2024-07, Joint Research Centre.
    20. Gómez Montoya, Juan Pablo & Castillo Alvarez, Yoisdel & Fernandes De Magalhães, Ruane & Henrique Lermen, Fernando, 2024. "A thermo-economic analysis of a circular economy model for biomass in South America producing biofertilizers and biogas from municipal solid waste," Renewable Energy, Elsevier, vol. 225(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:17:p:7263-:d:1462758. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.