With a growing demand worldwide for environmentally sustainable solutions, investments in Cleantech have experienced an exponential increase. The UN Environment Programme’s 2018 Global Trends in Renewable Energy Investment report shows that global investment in renewable energy surpassed $200 billion in 2017, while $2.9 trillion has been pumped into sources such as solar and wind power since 2004. As the market for Cleantech continues to expand, Latin America has latched on to this growth. According to the World Bank, electricity consumption in Latin America will more than double between 2010 and 2030, and an estimated $430 billion in investment will be needed to meet that demand. As a region that is home to the most delicate ecosystems and immense biodiversity, investing in Cleantech is not just a commercial endeavour, but an environmental necessity. Latin America presents itself as a huge untapped source bursting with clean energy potential. At the 2019 UN Climate Action Summit, Colombia presented Latin America’s collective target of 70% renewable energy use by 2030.
