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Gauging the future competitiveness of renewable energy in Colombia

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  • Caspary, Georg

Abstract

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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    8. Ben Youssef, Slim, 2010. "Adoption of a clean technology using a renewable energy," MPRA Paper 25576, University Library of Munich, Germany.
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    14. 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.
    15. 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.
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    17. 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.
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    21. 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.
    22. Masum, Md Farhad Hossain & Dwivedi, Puneet & De La Torre, Rafael, 2021. "Assessing economic and environmental feasibility of wood-based electricity generation in South America: A case study from Colombia," Forest Policy and Economics, Elsevier, vol. 124(C).

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