Latin America is rich in natural resources, making it a powerhouse for sustainability. About 620 million people live in the region, or about 7.7% of the world’s population. With an urbanization rate of over 80%, the transition to a more sustainable economy presents opportunities and challenges. According to the International Energy Agency, Latin America’s share of renewable energy generation in 2023 was 60%, with hydropower alone accounting for 45% of the electricity supply. The region is