Colombia

Country indicators

GDP per capita - gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. (Source: World Bank)

GDP per capita
(USD):

7,228.44

Fossil fuel subsidies (USD, billions) - All consumer and producer pre-tax subsidies. Pre-tax consumer subsidies exist when energy consumers pay prices that are below the costs incurred to supply them with this energy. (Source: IMF)

Fossil fuel subsidies (USD, billions):

0.91

Fossil Fuel Subsidies as % of GDP - All consumer and producer pre-tax subsidies as percent of a country’s GDP. (Source: IMF)

Fossil fuel subsidies
(% of GDP):

0.29

Fossil Fuel Subsidies with externalities as % of GDP - All consumer and producer post-tax subsidies. Post-tax consumer subsidies exist if consumer prices for energy are below supply costs plus the efficient levels of taxation. (Source: IMF)

Fossil fuel subsidies with externalities (% of GDP):

4.93

Revenue from environmentally related taxes as % of GDP - All revenue from environmentally related taxes - defined as any compulsory, unrequited payment to general government levied on tax-bases deemed to be of particular environmental relevance – as percent of a country’s GDP. (Source: OECD)

Revenue from environmentally related taxes (% of GDP):

0.599

Carbon pricing gap - Measure of how much countries fall short of pricing carbon emissions in line with a EUR 60 benchmark value (midpoint estimate of the carbon costs in 2020 and a low-end estimate for 2030). The difference is presented as percentage: If the Effective Carbon Rate (ECR) on all emissions is at least as high as the benchmark, the gap is zero, and if the ECR is zero throughout, the gap is 100%. (Source: OECD)

Carbon Pricing Gap
(%):

n/a

News

Fiscal policies against climate change can help create 15 million jobs — IDB

2021-07-19

The Inter-American Development Bank (IDB) is recommending that finance and planning ministries in Latin American and the Caribbean (LAC) consider fiscal policies to accelerate the transition to green economies and pave the way for the region to meet decarbonisation goals.

Offsets being used in Colombia to dodge carbon taxes

2021-07-05

Fossil fuel levy can be avoided by buying carbon offsets that may have no benefit for climate Forest protection carbon offsets that may have no benefit to the climate have been used

Sustainable Fisheries Versus Harmful Subsidies: Let’s End the War of Attrition

2021-06-21

There is only one month left to fine-tune possible agreements for governments to stop funding overfishing

Reports

Política Fiscal y Cambio Climático: Experiencias Recientes de los Ministerios de Finanzas de América Latina y el Caribe (IDB)

2021-07-19

Finance and planning ministries play a central role in promoting fiscal policies that generate more and better jobs with the transition to green economies. Adequate fiscal planning would help the decarbonization of the region’s economies create 15 million net new jobs by 2030.

Carbon Pricing in Latin America – Trends and Opportunities (SPDA & KAS)

2020-06-08

This Spanish publication by the Peruvian Society for Environmental Law (SPDA) and the Konrad Adenauer Foundation collects the contribution of more than 25 people fromm all over Latin America on

The biodiversity finance initiative in Colombia: some advances (BIOFIN)

2020-05-06

The following document presents the current status of the work undertaken by the BIOFIN project in Colombia. In it you will find our financial strategy, the main products and results

Policy Briefs

Colombia – Country profile

2017-03-30

Background Colombia’s ecosystem is the second most bio-diverse in the world, and comprises the Amazon tropical rainforest, deserts to the north, mountains and a coastal region. The Government of Colombia

Colombia

Country indicators

News

Fiscal policies against climate change can help create 15 million jobs — IDB

Offsets being used in Colombia to dodge carbon taxes

Sustainable Fisheries Versus Harmful Subsidies: Let’s End the War of Attrition

Reports

Política Fiscal y Cambio Climático: Experiencias Recientes de los Ministerios de Finanzas de América Latina y el Caribe (IDB)

Carbon Pricing in Latin America – Trends and Opportunities (SPDA & KAS)

The biodiversity finance initiative in Colombia: some advances (BIOFIN)

Policy Briefs

Colombia – Country profile

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