These are the sectors of the bioeconomy that are favored by Colombian biodiversity
Colombia is a megadiverse country, and its natural wealth is recognized worldwide as one of the most biodiverse. This gives an unparalleled beauty to its territory, but also offers great opportunities for sustainable business. Learn here about some of the sectors that benefit the most from Colombia's natural diversity and, therefore, boost the national bioeconomy and the sustainable investments.
1. Agribusiness: a key sector for bioeconomy
The bioeconomy encompasses those sectors of the economy that use renewable biological resources from nature, such as crops, to produce food and other goods with sustainable processes. Thus, this is where agroindustry comes in—a sector of the national industry that is especially benefited by the biodiversity in Colombia.
An example of this is the country's capacity to produce exotic fruits throughout the year, a factor that gives it great advantages over other producers who cannot produce this type of goods or can only do so at certain times of the year. In addition, the capacity to produce goods such as eggs and milk has allowed the country to reach several destinations worldwide with high-quality goods of Colombian origin.
On the other hand, the country has about 40 million hectares of agricultural frontier, a territory that exceeds the size of several countries and has great potential for sustainable agriculture, as there is still a large amount of space available for cultivation in this area of the country. This gives new companies the opportunity to start producing sustainably within the territory appointed for agriculture in Colombia.
One case that can be highlighted is Nestlé’s history in the country, a company that has been investing in Colombia for several years and has bet on the production of processed foods with a national workforce, where raw material from the Colombian countryside is vital for the company’s development in the country.
Listen to our episode with Nestlé CEO Felipe González here in the “Why Colombia” podcast here .
2. The tourism industry: a place where sustainability is essential
When tourism becomes sustainable and focuses on the attractiveness of nature in Colombia, it becomes part of the bioeconomy. The country has recently focused on developing this type of tourism, which has boosted investments in tourism infrastructure to develop this sector and achieve greater capacity for the reception of tourists.
Currently, this industry is focused on achieving a more sustainable operation and offering more services related to nature and Colombian landscapes. That is why it benefits from its biodiversity since the current tourism market has shown greater interest in the country’s natural beauty.
3. Renewable energy and green hydrogen
The development of renewable energy production has been strongly driven not only by the country's natural conditions, but also by the experience and knowledge of those involved in this industry in the use of the country's natural resources.
With a level of solar irradiation 60% higher than the world average; a wind speed of 9 m/s, twice the world average; and being the sixth country in the world with the largest renewable water resource; Colombia has ideal conditions to produce renewable energy, a sector that integrates the bioeconomy and has grown thanks to these conditions.
In addition, all this gives the country the possibility to produce green hydrogen with a potential to be one of the most cost competitive in the world, which undoubtedly gives great advantages to this sector and offers a promising outlook for investors in this area, since the development of green hydrogen is currently a reality in Colombia.
Investing sustainably in Colombia
Bioeconomy shows that sustainability is now an important part of investments in the world. Now, the sustainable use of natural resources is crucial for several industries and has boosted the Colombian sustainable economy.
For this reason, the country has decided to support sustainable investments and has established several benefits for this type of business in Colombia. Thanks to this, international investors can obtain tariff and logistical benefits when investing in the country if their investment is sustainable.
Another of these benefits is for companies that make investments in control, conservation, and improvement of the environment. They are entitled to deduct 25% of the invested amount from their taxable income in the period during which the investment was made.
Learn more about the benefits for sustainable investments here .
We invite you to discover the investment opportunities in the country of beauty and to be part of a circular economy that constantly innovates to develop more sustainable industries. Colombia's natural wealth and its recognition as a megadiverse country present opportunities for any investor, not only in these sectors but in many more. Find out more about the economy and investments in the country here.
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