On this edition of Columbia Energy Exchange, host Jason Bordoff is joined by María Fernanda Suárez, Minister of Mines and Energy in Colombia, where she manages the country’s efforts to boost oil production, promote sustainability, and diversify their power portfolio to promote energy security and meet growing demand. She leads Colombia’s efforts to diversify its electricity sector from its current, largely hydro-powered composition, which is threatened by El Niño conditions.
Recorded at CERAWeek, they discuss the future of Colombia’s oil and gas sector, particularly the role shale will play, its energy transition and added renewables to its electricity sector, and the impact of the crisis in neighboring Venezuela on Colombia.
CERAWeek is an annual event that brings together 4,000 industry leaders and policymakers from more than 75 countries.
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Achieving the goal of net-zero greenhouse gas emissions by 2050 requires a substantial reduction in the share of high-emitting fossil fuels in primary energy consumption.