Climate Technology in Latin America and the Caribbean

The Climate Technology in Latin America and the Caribbean report, developed by IDB Lab and HolonIQ, maps the regions fast-growing climate innovation ecosystem. It identifies over 1,200 startups that have attracted US$3 billion in venture capital since 2010, spanning renewable energy, sustainable agriculture, circular economy, and green finance. These companies are scaling-up new technologies and developing new market-based solutions to climate mitigation and adaptation challenges. The report shows that with abundant natural resources, biodiversity, and critical minerals, Latin America holds a unique advantage in the global transition to a low-carbon economy.

Despite this momentum, most ecosystems are still in early or transitional stages. Key barriers include limited early-stage finance, fragmented networks, and shortages of skilled talent. The report calls for stronger public-private collaboration, targeted R&D, and innovative blended-finance models to scale solutions. With sustained investment and coherent policy frameworks, the region can become a global hub for climate technology, simultaneously driving decarbonization, economic growth, and social inclusion. The report also highlights the opportunity to develop under-funded segments in climate adaptation and nature.