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Gauging the future competitiveness of renewable energy in Colombia


  • Caspary, Georg


This article aims to assess the likely competitiveness of different forms of renewable energy in Colombia over the next 25years. To this end, it compares the likely power production cost for a set of renewable energy sources, and compares them to the likely long-run cost of traditional energy. Costs from global and local externalities through the use of traditional energy sources are also factored into the analysis. The key conclusion of the article is that while solar PV will likely remain uncompetitive under any future cost scenario, cost paths for small hydro, modern biomass or geothermal are already close enough to being competitive, so that appropriate government intervention may make the decisive difference in making these technologies competitive with conventional energy technologies.

Suggested Citation

  • Caspary, Georg, 2009. "Gauging the future competitiveness of renewable energy in Colombia," Energy Economics, Elsevier, vol. 31(3), pages 443-449, May.
  • Handle: RePEc:eee:eneeco:v:31:y:2009:i:3:p:443-449

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    References listed on IDEAS

    1. Sébastien Dessus & David O'Connor, 2003. "Climate Policy without Tears CGE-Based Ancillary Benefits Estimates for Chile," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 25(3), pages 287-317, July.
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    3. Burtraw, Dallas & Toman, Michael, 1997. "The Benefits of Reduced Air Pollutants in the U.S. from Greenhouse Gas Mitigation Policies," Discussion Papers dp-98-01-rev, Resources For the Future.
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    Cited by:

    1. Arango, Santiago & Larsen, Erik R., 2010. "The environmental paradox in generation: How South America is gradually becoming more dependent on thermal generation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2956-2965, December.
    2. Roopnarain, Ashira & Adeleke, Rasheed, 2017. "Current status, hurdles and future prospects of biogas digestion technology in Africa," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 1162-1179.
    3. Ben Jebli, Mehdi & Ben Youssef, Slim, 2014. "Timing of adoption of clean technologies, transboundary pollution and international trade," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 8, pages 1-31.
    4. Gonzalez-Salazar, Miguel Angel & Venturini, Mauro & Poganietz, Witold-Roger & Finkenrath, Matthias & Kirsten, Trevor & Acevedo, Helmer & Spina, Pier Ruggero, 2016. "Development of a technology roadmap for bioenergy exploitation including biofuels, waste-to-energy and power generation & CHP," Applied Energy, Elsevier, vol. 180(C), pages 338-352.
    5. Ben Youssef, Slim, 2010. "Adoption of a clean technology using a renewable energy," MPRA Paper 25576, University Library of Munich, Germany.
    6. Slim Ben Youssef, 2015. "Timing of Adoption of Clean Technologies by Regulated Monopolies," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 62(1), pages 77-92, March.
    7. Olaya, Yris & Arango-Aramburo, Santiago & Larsen, Erik R., 2016. "How capacity mechanisms drive technology choice in power generation: The case of Colombia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 563-571.
    8. Gonzalez-Salazar, Miguel Angel & Venturini, Mauro & Poganietz, Witold-Roger & Finkenrath, Matthias & L.V. Leal, Manoel Regis, 2017. "Combining an accelerated deployment of bioenergy and land use strategies: Review and insights for a post-conflict scenario in Colombia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 159-177.
    9. repec:eee:enepol:v:108:y:2017:i:c:p:673-683 is not listed on IDEAS
    10. Chang, XiaoLin & Liu, Xinghong & Zhou, Wei, 2010. "Hydropower in China at present and its further development," Energy, Elsevier, vol. 35(11), pages 4400-4406.
    11. Quijano H, R. & Botero B, S. & Domínguez B, J., 2012. "MODERGIS application: Integrated simulation platform to promote and develop renewable sustainable energy plans, Colombian case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 5176-5187.
    12. Ana María González & Harrison Sandoval & Pilar Acosta & Felipe Henao, 2016. "On the Acceptance and Sustainability of Renewable Energy Projects—A Systems Thinking Perspective," Sustainability, MDPI, Open Access Journal, vol. 8(11), pages 1-21, November.


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