Ministry of Environment & Sustainable Development, 2011
The Colombian Low Carbon Development Strategy recognises that although Colombia’s carbon emissions are low relative to developed countries, they will grow significantly if no mitigation occurs, considering the projected economic growth. The strategy states that Colombia should take advantage of international financial incentives to promote low‐carbon growth and prepare the economy for a ‘future carbon conscious global economy’.
The strategy comprises 3 key components each of which are explored in detail:
1. Identification and assessment of alternatives and opportunities in low‐carbon development;
2. Design and implementation of Plans, Policies and Measurements in low‐carbon development; and,
3. Design and construction of MRV (monitoring, reporting and verification) System.