OECD Economic Surveys: Colombia

Colombia faces significant risks from climate change, including extreme weather events like floods, wildfires and heatwaves. As a major exporter of oil and coal, the country is also grappling with the economic challenges posed by the global shift away from fossil fuels.

The report show that investing in climate adaptation, renewable energy and establishing stable regulatory frameworks are key for a climate-resilient economy and achieving carbon neutrality by 2050.

With its rich biodiversity, renewable energy potential and access to essential minerals, Colombia is well-positioned to lead in green industries.