Petro Urges $500 Billion Clean Energy Investment for a Carbon-Free Latin America

At COP30 in Brazil, President Gustavo Petro of Colombia called for a $500 billion investment in clean energy to tackle the climate crisis in Latin America.

• During the COP30 conference in Belém, Brazil, Gustavo Petro emphasized the urgent need for a $500 billion investment to transition Latin America to a carbon-free economy.
• Petro criticized the collective failure of nations, including the United States, to effectively address climate variability and change, highlighting the economic importance of clean energy.
• The proposed funding aims to enhance clean energy generation across Latin America and the Caribbean, positioning the region as a leader in sustainable practices amid global petroleum reliance.