Latin America leads the way in the raw materials for clean tech – here's how to invest

Whichever type of green energy prevails in the next few years, Latin America will benefit, says James McKeigue

Copper miners in Chile
Chile, along with Peru, produces 44% of the world’s copper
(Image credit: © Jorge Saenz/AP/Shutterstock)

Many analysts think that the pandemic is accelerating the shift from fossil fuels to clean energy. It’s too early to say if that’s true, but it has certainly increased the green grandstanding from politicians and CEOs. BP aims to be “carbon neutral” by 2050, while Toyota, the world’s biggest carmaker, will no longer make internal combustion engines from 2040. The UK was the first major economy to make a legally binding commitment to “net-zero” greenhouse gas emissions and similar pledges are now being announced by governments across the world. With Glasgow hosting COP 26 – the World Cup of environmental shindigs – this November, expect plenty more ambitious green commitments.

The problem? Most of these promises are impossible to deliver. Take electric vehicles (EVs). Replacing today’s global fleet of internal combustion engines with EVs would require mining every single pound of copper in all of the world’s copper mines (EVs use four times as much copper as traditional cars).

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.