The demand for energy in February 2021 was 2.01% lower than in February 2020, reported the administrator of the Wholesale Energy Market (MEM). Mining and quarrying activities decreased their energy consume the highest, by 16.26%.
Bogotá's GDP decreased by 6.6% in 2020. It went from $77 billion (COP 273 billion) in 2019 to $73 billion last year, informed DANE. Among all economic sectors affected the most, construction fell 30.4%, hospitality 15.4%, and manufacturing 13.%.
Empresas Públicas de Medellín (EPM) will hold an electronic auction to sell 20 blocks of 100,000 Certified Emissions Reduction (CER) to offset two million tons of CO2 from the operation of five of its power plants.
Last year the total volume of transported freight decreased by 8.1% to 9.5 million tonnes, compared to 2019, informed Fedetranscarga.
The Finance Ministry last week raised its prediction for the deficit to 8.6% of GDP, amid ongoing economic fallout from the coronavirus pandemic. The agency thought the deficit would be slightly narrower than 2020’s 7.8% of GDP as the government continued coronavirus spending, Moody’s vice president and senior analyst Renzo Merino said in an interview.