Tough Country
Two recent events, which brought together presidential candidates and governors, leave the firm impression that we are dealing with a living country; a tough country.
TL;DR
- Colombia faces a debate over the implementation of fracking for gas extraction, a technique successfully used in the United States.
- The target for reducing CO2 emissions has been postponed from 2030 to 2035, indicating a struggle to meet environmental goals.
- There is an identified need for gas to ensure supply and transition away from less sustainable energy sources, particularly in rural areas.
- The Caribbean region is highlighted for its natural potential for solar and wind energy, crucial for the energy transition.
- Factors influencing energy stability include national prices, imported gas costs, transportation bottlenecks, and climate phenomena like El Niño.
- Challenges include a significant loss in industrial demand for gas and regulatory hurdles that limit the development of a competitive energy system.
- The article emphasizes the need to eliminate limiting regulations and utilize all available energy sources to support societal needs and technological advancements like AI.