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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
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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