Nicaragua and Panama ranked high on clean energy
Brazil, Nicaragua and Panama have been ranked the most attractive countries for clean energy investments in Latin America and the Caribbean by Bloomberg New Energy Finance and the Multilateral Investment Fund.
The partnership has developed Climatescope – a review of the environment for low-carbon in the region, ranking 26 countries on their climate policies, the availability of climate finance, low-carbon businesses and clean-energy value chains, as well as their greenhouse gas management activities.
In terms of clean energy investments made in relation to GDP, Nicaragua beat Brazil. Last year, about $117 million and $95 million went into financing new geothermal and wind projects respectively in Nicaragua.
Source: Environmental Finance