Colombia

Country Information

Important Dates

MRP first draft submission: 
March 2014
Allocation of Implementation Funding: 
May 2014

Key Documents & Presentations

Most Recent
Document Language Date
PDF icon Colombia: Implications for Carbon Pricing and Registries English October 2016
Market Readiness Proposal
Document Language Date
PDF icon Colombia: Final MRP English May 2014
PDF icon Colombia: Final MRP Presentation English May 2014

Market-based Approach

Fact

Colombia, traffic. Photo source: Flickr Creative Commons, Andrew.Transport emissions make a big part of Colombia's GHG emissions profile. Photo Source: Flickr Creative Commons.

Colombia uses PMR suppport to develop carbon market instruments to achieve mitigation in the transport sector. Specifically, Colombia is: assessing market readiness of the transport sector; identifying market instrument(s) suitable for transport sector; improving a "carbon market" instrument; and conducting a carbont tax study. The transport sector was selected due to the expected increase of transport emissions as part of Colombia's national emissions profile.

Of note, development of a monitoring, reporting, and verificaton system for emissions from the transport sector is being developed with financing from other sources and will complement the work of the PMR in Colombia.

 

National Context

Colombia’s Climate Change agenda is implemented under the National Development Plan 2010-2014 (NDP) and based on the following 4 pillars:

  • National Climate Change Adaptation Plan
  • Colombian Low Emissions Development Strategy (LEDS)
  • REDD Strategy
  • Strategy on Financial Protection for Disasters

Colombia’s domestic mitigation action is focused on emissions reductions from the transport sector. Transport makes up 12% of the country's emissions profile. Colombia applies an "Avoid, Shift, Improve" policy approach to emissions mitigation from transport. This means encouraing policies that avoid the need to travel (i.e., supporting work from home options), that shift toward more efficient forms of transporation (i.e., public transport instead of individual transport), and improve vehicle technologies and fuels, and standards.

Colombia's LED complements the PMR work. Specifically, as part of the strategy, Colombia is buidling future scenarios for GHG emissions, identifying and prioritzing mitigation actions, and building abatement cost curves and cost  & benefit analysis of those actions. This work will contribute to sector-specific action plans (including transport), a monitoring, reporting, and verification system, and a mechanism to channel international finance to support mitigation.

Focal Point

The Ministry of Transport (MinTransporte) is the focal point of the PMR. MinTransporte is responsible for the formulation and adoption of policies, plans, programs, projects and economic regulation of transport, transit, and infrastructure. As part of MinTransporte, the Urban Sustainable Mobility Unit (UMUS), is key for the Colombian urban transport sector. The UMUS was created to strengthen institutional policy formulation of urban transport. One of its main functions is to coordinate projects and formulate sustainable urban transport policies, as well as provide support and monitor mass transport projects. The UMUS is responsible of coordinating the execution of the National Urban Transport Policy (PNTU, as Spanish), acting as a key link between national government, multilateral banks and municipalities.

MinTransporte is working closely with the Ministry of Environment and Sustainable Development (Ministerio de Ambiente y Desarrollo Sostenible (MADS)) to implement Colombia's MRP. MADS is responsible for the National Climate Change Policy in terms of formulating the policies defined in the 2006-2010 National Development Plan (NDP). More details are available here.  

Colombia also participates in: 

Disclaimer: The World Bank does not guarantee the comprehensiveness and accuracy of the data and information included in the Market Readiness Proposal (MRP) and in presentations submitted by PMR participants. Further, the World Bank accepts no responsibility whatsoever for any consequence of their use. The boundaries, colors, denominations, and other information shown on any map in the MRPs or on this website do not imply on the part of the World Bank any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries.