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Supporting the Strategy for Universal Energy Access and the Institutional and Regulatory Transition of the Electricity Sector
The objectives of this Technical Cooperation are to support the development of the country's strategy for universal energy coverage by developing a national integrated energy access map and an implementation plan; and to support the design of a roadmap for the institutional and regulatory transition of Colombian electricity sector.

Project Detail

Country

Colombia

Project Number

CO-T1502

Approval Date

May 28, 2019

Project Status

Closed

Project Type

Technical Cooperation

Sector

ENERGY

Subsector

ENERGY INSTITUTIONAL STRENGTHENING AND CAPACITY BUILDING

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 400,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 400,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-17365-CO Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-17365-CO
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable

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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-1868633671-3
TRANSICION ENERGETICA COLOMBIA BID-MINENERGIA.pdf
Published Mar. 16, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-473381697-1
Anexo I. Solicitud del Cliente.pdf
Published Jun. 14, 2019
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https://www.iadb.org/document.cfm?id=EZSHARE-473381697-5
Anexo III. TOR Componente I.docx
Published Jun. 14, 2019
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https://www.iadb.org/document.cfm?id=EZSHARE-473381697-6
Anexo II. Matriz de Resultados.xlsx
Published Jun. 14, 2019
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https://www.iadb.org/document.cfm?id=EZSHARE-473381697-7
Anexo III. TOR Componente II.docx
Published Jun. 14, 2019
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https://www.iadb.org/document.cfm?id=EZSHARE-473381697-8
Anexo IV. Plan de Adquisiciones.xlsx
Published Jun. 14, 2019
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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-473381697-12
Documento de CT para Publicación.pdf
Published Jun. 14, 2019
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Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-473381697-3
Abstracto de CT CO-T1502.pdf
Published Apr. 10, 2019
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Publications
Published 2022
High and Dry: Stranded Natural Gas Reserves and Fiscal Revenues in Latin America and the Caribbean
The global low-carbon energy transition driven by technological change and government plans to comply with the Paris Agreement makes future gas demand, prices, and associated public revenues uncertain. We assess the prospects for natural gas production and public revenues from royalties and taxation of gas production in Latin American and the Caribbean under different levels of climate policy. We derive demand from a global energy model, and supply from a global natural gas field model and a global oil field model for associated gas. We find that natural gas production and associated public revenue are strongly impacted by decarbonization efforts. The more stringent climate policy is, the lower the production of natural gas. Exporting natural gas from Latin America and the Caribbean does not help the rest of the world reduce greenhouse gas emissions. In scenarios consistent with limiting global warming well-below 2C, incumbent producers and natural gas associated with oil dominate production, drastically limiting opportunities for new gas production in the region and increasing the amount of gas left in the ground. Reduced demand for gas produced from Latin America and the Caribbean is mainly driven by falling demand in the region itself, as energy demand in buildings, industry, and transportation shift towards electricity produced from zero-carbon sources. Cumulative public revenues from natural gas extraction by 2035 range between 42 and 200 billion USD. The lower end of the range reflects scenarios consistent with below 2C warming. In this case, up to 50% of proven, probable, and possible (3P) reserves in the region (excluding Venezuela) remain unburnable the paper provides estimates by country. Our findings confirm that governments cannot rely on revenues from gas extraction if the objectives of the Paris Agreement are to be met. Instead, they need to diversify their fiscal and export strategy away from dependence on gas production. More generally, climate objectives, energy policies and fiscal strategies need to be consistent. We find that natural gas production in Latin America and the Caribbean and associated public revenue are strongly impacted by decarbonization efforts. The more stringent climate policy is, the lower the production of natural gas exporting natural gas does not help the rest of the world reduce greenhouse gas emissions. When global climate policy is stringent, incumbent producers and natural gas associated with oil dominate production, drastically limiting opportunities for new gas production in the region. Cumulative fiscal revenues from natural gas extraction in the region range between 42 and 200 billion USD by 2035. The lower end of the range reflects global climate policy consistent with 1.5C warming. In this case, up to 70% of regional reserves remain unburnable (the paper provides estimates by country). Our findings confirm that governments need to diversify their fiscal and export revenue strategy away from dependency on gas production. Instead, the focus of energy investment should be on the development of wind and solar, and the electrification of energy uses in other sectors, particularly transport, buildings, and industry.
Publications
Published 2022
Breve 24. The pharmaceutical price regulation in El Salvador
His policy brief is based on a webinar presented by Luis Alejandro Rivera, Chief of the Pricing Unit at the Dirección Nacional de Medicamentos (National Directorate of Medicines DNM) in El Salvador. The presentation was given on July 2019. Rising prices of medications are a global concern as healthcare expenditures soar and more patients are unable to access the medicines they need. El Salvador has managed to control and lower the price of prescription medicines for both innovator and generic medicines, while maintaining a well-functioning and cost-saving pharmaceutical market. This publication presents takeaways, such as price setting methods, the identification of appropriate market segments, and the introduction of online monitoring platforms, so that other policymakers may use them when introducing price regulation in their own pharmaceutical markets.
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