World Bank loan for Colombia's energy transition

The World Bank Board approved USD 1 billion in financing for Colombia to help the country accelerating its energy transition, promoting sustainable land use, and enhance climate resilience and adaptation. The loan has a 20-year term with a three-and-a-half-year grace period. The aid will support a reform program to assist Colombia’s moves to lower its carbon emissions, particularly in the energy and transport sectors. It aims to increase non-conventional renewable energy production output and develop a green hydrogen industry in the country.

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