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Clean energy has been a key driver of the transformation of the global energy system. Between 2006 and 2013, Latin America and the Caribbean attracted a cumulative US$132bn for renewable energy sources, namely biofuels, biomass, geothermal, solar, small hydro and wind. This significant investment has benefitted countries’ clean energy value chains and has made an important contribution to the region’s low-carbon economic development, energy security, and poverty reduction.