Private Sector & Development magazine articles

The challenge facing Colombia in its transition to clean energy (including electric) public transportation is largely structural: transportation networks are managed independently by the cities, resulting in a lack of integration. The resultant redundancies need to be addressed, along other structural issues, such as contracting, making the clean energy transition viable and fundable.

Cities are critical players in the deployment of inclusive and sustainable public policies. If they are to provide their growing populations with the economic, social and cultural services and resources they need to combat climate change, they must have access to additional funding. More specifically, this requires greater private sector involvement.

As the site of the ’Rio Declaration’ and host of the G20 Summit in 2024, Rio de Janeiro has embraced international objectives with its Plan for Sustainable Development and Climate Action. Two core initiatives in actualizing the Plan are The Neutral ISS Law and the Center for Tomorrow’s Energy and Finance, currently under construction. Both are aimed at spearheading the City’s sustainable energy transition and nurturing its green finance ecosystem.