How To Read This Report
The NDC x SDG approach focuses on identifying the key interlinkages and pathways through which priority climate actions can accelerate a country’s most vital development goals. In doing so, it helps craft a clear, evidence-based narrative that brings together broad coalitions across government to drive coordinated progress.
The report is divided into four categories of analysis →
- NDC x SDG Moment — human progress within planetary boundaries is the next development frontier. This section provides a snapshot of key climate and human development data.
- NDC x SDG Alignment — maps climate commitments and national development priorities using custom machine learning tool that draws from an SDG vocabulary of 100k terms.
- NDC x SDG Interlinkages — identifies national-level actions through enhanced NDCs that accelerate SDG achievement and advances a robust development case.
- Finance & Stimulus — charts fiscal constraints and stimulus opportunities to ensure climate and development policy choices can be advanced with greatest impact.
1. NDC x SDG Moment
This section takes stock of the country’s current climate and sustainable development context, providing a clear snapshot of key climate and human development data and setting the scene to identify climate–development synergies.
As part of their NDC Colombia has set a target of reducing emissions by
169.4 MtCO2e
(51%)
Sources European Commission 2023 (INFORM Climate Change Risk Index), IMF 2022 (IMF-Adapted ND-GAIN Index); Environmental Performance Index 2024 (GHG growth rate adjusted by emissions intensity & Projected Emissions in 2050); Helen Phillips; Adriana De Palma; Ricardo E Gonzalez; Sara Contu et al. 2021 (Biodiversity Intactness Index).
NDC x SDG Alignment
Goal Level
This analysis shows the most prominent SDGs in each of the two national strategies on climate and development. This identifies areas of common action and potential synergies across national climate and development priorities.
Nationally Determined Contributon (NDC)
Note: Based on Updated Nationally Determined Contribution (2020)
National Development Plan(s) (NDP)
Note: Based on National Development Plan 2022-2026
These visuals are generated by analyzing the NDCs and National Development Plans through the SDG framework at goal level.
NDC x SDG Alignment
Target Level
This analysis shows how the country’s climate actions, both mitigation and adaptation, align with and drive impact across the SDGs at the target level.
Mitigation NDCs
Adaptation NDCs
These visuals are generated by analyzing NDC actions through a custom-built AI tool and categorized using the SCAN tool to surface relevant SDG synergies at the Goal level. For additional information on the NDC-SDG mapping, please visit: https://ambitiontoaction.net/scan_tool/
NDC x SDG Alignment
Action Level
This section breaks down the NDC categories into specific country commitments identified through a custom-built AI tool. The bubble sizes show how many actions fall under each category, helping pinpoint where NDC–SDG acceleration is most likely.
Colombia 's NDC includes actions in these sectors:
Mitigation
Adaptation
3. NDC x SDG Interlinkages
NDC x SDG interlinkages reveal how climate actions can impact human development progress. Building from the country's NDC actions and SDG priorities, the following integrated SDG pathways reflect NDC actions with the most potential to accelerate the SDGs.
4. Finance & Stimulus
This section examines a country's fiscal space and public investment priorities, highlighting opportunities to align stimulus measures with SDG progress and accelerated climate action.
Many countries are facing reduced fiscal space, high debt levels, rising interest rates and downgrades on credit ratings. Fiscal and financial constraints tend to slow or even reverse SDG progress.
Public Finance
Financing needs
SDGs: Over 12 billion USD per is required to reach growth targets necessary for achieving SDGs
NDC: Total: Estimated 6.1 billion USD total by 2030
- 1.6 billion USD for mitigation
- 4.5 billion USD for adaptation
Financing strategy
Colombia financing strategy:
- National Sustainable Finance Strategy launched
- NDC financing framework under development
- SDG implementation guided by CONPES
- Climate Finance Broker Facility operating
Expenditures & budgets
- Between 2011 and 2023, public expenditure was USD 10.3 billion.
- The spending in 2023 amounted to USD 1.2 billion.
- The domestic public expenditure accounts for 77.5% of the total climate change spending.
- The climate budget in Colombia is formally incorporated into the Budget Law through Law 2169 of 2021 and National Development Plan. Public entities must include specific budget items to meet the climate goals aligned with the National Development Plan and the NDC.
Debt instruments
- Colombia primarily uses Sovereign Thematic Bonds (Green, Social, and Sustainable) and Debt-for-Nature Swaps to finance climate action. The Thematic Bonds Reference Framework is the regulatory core. Sovereign Social Bonds lead the ranking by amount raised.
International climate finance
- Between 2011 and 2023, the total international public expenditure was USD 2.05 billion.
- International public expenditure in 2023 was USD 207 million.
- In 2023 international public expenditure accounts for 13.22% of the total climate change expenditure.
Private Finance & Economy
Policy & Regulatory Measures:
Innovative Instruments:
The main private debt instruments for financing sustainability and climate action projects in Colombia are Green Bonds, Sustainability-Linked Bonds (SLB), Private Debt Funds, and Green Loans. The market has mobilized over USD 2.4 billion in VSS+ debt, with Green Bonds being the most popular, targeting sectors like renewable energy and sustainable construction, all supported by the SFC's regulatory framework.
International Investment:
Colombia is a key destination for international private investment (IPI) in climate action. The country promotes a portfolio of projects (Plataforma País) aiming to attract over USD 36 billion in IPI, focusing on solar, green hydrogen, and sustainable mobility. This effort is supported by a robust regulatory framework and multilateral banks. International private investment has boosted Colombia's climate action, with 27 new renewable energy projects entering in 2025. Firms like Atlas Renewable Energy and Ecoener are involved, while USAID mobilizes over US$450 million, and green hydrogen could attract up to US$45 billion in future investments.
Domestic Investment:
The graph shows Domestic Private Investment as a percentage of GDP peaked at over 17% around 2008. It subsequently declined and became volatile, stabilizing between 9.5% and 12% in the most recent years shown, around 2020-2024.

SDG Investor Map
SDG Investor Map Investment Opportunity Areas (IOAs) that contribute to the government's NDC priorities and meet SDG needs.
Development Breakthrough
Policy Brief
Each NDC x SDG Insights policy brief is a focused, country-specific deep dive that builds on the broader Insights report to unpack a single development breakthrough, outlining its policy implications and the SDG-positive actions driving it forward.