PDA

View Full Version : DR ranked 15th of 26 for clean energy investment



NewsWhore
06-19-2012, 02:00 PM
Latin America and the Caribbean have a long way to go for creating a positive environment for clean energy development. A new study, Climatescope 2012 - Assessing the climate for climate investing in Latin America and the Caribbean, will be presented and discussed at the United Nations Conference on Sustainable Development - Rio +20 on 20-22 June in Rio de Janeiro. According to the study, Brazil, Nicaragua and Panama are the countries in Latin America and the Caribbean that are most attractive for clean energy investments.

The Dominican Republic is ranked 15th out of 26 countries in Latin America and the Caribbean for attractiveness for investing in clean energy. The DR scored 1.07 while the top scorer Brazil only scored 2.6 of a possible five points. The study, which was funded by the Inter-American Development Bank Group Multilateral Investment Fund in partnership with Bloomberg New Energy Finance, ranks 26 nations on their relative ability to foster clean energy in the region.

Climatescope is the first report, index, and interactive web tool focused on the clean energy market in Latin America and the Caribbean. It will be released annually. Climatescope uses 30 indicators to measure the ability of each country to attract capital for building a greener economy, aggregated into scores from 0 to 5, with 5 representing the best investment environment. In its conclusions, the researchers stress that the highest ranked country was Brazil, but it only scored 2.6, indicating ample opportunity for improving conditions for attracting more capital for low-carbon and renewable energy capacity. Brazil was closely followed by Nicaragua, Panama, Peru and Chile.

Download an overview of the study at http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=36735275

More... (http://www.dr1.com/index.html#2)