Colombia pledges to half GHG emissions by 2050

In the ongoing 2021 Climate Summit, Colombia's president Ivan Duque reaffirmed the goal to reduce by 51% greenhouse gas (GHG) emissions. To do so, Colombia will invest, among other strategies, in cleaner urban and freight transport policies. Mr Duque also encouraged other global leaders to sign this new environment protection agreement, which has been signed by 84 countries so far.

Natural gas consumption up by 0.8%

Between April 12-18, natural gas consumption increased by 0,8% compared to the previous week, informed the Colombian Mercantile Exchange (BMC). The thermic and industrial sectors increased their gas demand by 4,5% and 3,1%, while household consumption remained the same.

Colombia’s GDP to grow 5.5% in 2021, BBVA

According to the latest BBVA economic research report, the Colombian economy is expected to grow by 5.5% in 2021 and 4.8% in 2022. This result is higher than the latest BBVA's January forecast, where the forecast was 4.8% in 2021 and 3.8% in 2022. According to the bank, the economic recovery of the US and higher oil prices will help the Colombian economy to reach higher growth rates.