The Multilateral Investment Fund of the Inter-American Development Bank and Bloomberg New Energy Finance score 26 nations on their relative ability to foster low-carbon energy growth.
The Climatescope is the first report, index, and interactive web tool focused on the clean energy market in Latin America and the Caribbean. It is released annually.
The Climatescope uses indicators to measure the ability of each country to attract capital to build a greener economy, aggregated into scores from 0 to 5, with 5 representing the best investing environment.
Brazil had the highest overall composite Climatescope score, marking the second year that Brazil ranked first overall in Climatescope.
Chile moved up three positions, to second place overall, after its renewable investment more than quadrupled, to $2.1bn, from 2011 to 2012.
Nicaragua, with the region’s second-lowest GDP per capita, finished third overall with a strong showing in the Enabling Framework and Clean Energy Investment and Climate Financing parameters.