Competitiveness Green Growth and Climate Change

Colombia has set the ambitious goal of reducing its GHG emissions by 20% by 2030. This commitment, which was presented at COP21, is also in line with the goal of joining the OECD. In both cases, this means transforming the economy, generating adequate public policies and incentives and gradually involving the private sector so that green growth and climate compatible development can improve the country´s competitiveness. In this context, E3 is leading two complementary processes with Colombia's Private Council for Competitiveness, the National Planning Department, the Climate and Development Knowledge Network (CDKN) and the Prosperity Fund, to strengthen public-private participation and collaboration on these issues. On the one hand, green growth and climate change variables have been incorporated for the first time in the Regional Competitiveness Index of Colombia. The gaps and disincentives in public policies to address this transition with the private sector have also been analysed. On the other hand, a roadmap has been formulated to encourage private participation in the Green Growth Mission, which is mandated to generate inputs to build Colombia's national green growth policy.