The Bloomberg New Energy Finance Climatescope initiative
On the 19th of June 2012, the “data folks” did well again: Bloomberg New Energy Finance BNEF disclosed Climatescope its new annual ranking and online tool that profiles the “investment climate for climate investment” in Latin America and the Caribbean LAC. The official launch of Climatescope established Brazil, Nicaragua and Panama as the top 3 LAC countries assessing their capability in building a green economy.
The initiative, jointly developed with MIF (Multilateral Investment Fund – member of Inter-American Development Bank Group), is aimed at drawing up a business index in LAC, through 30 indicators analyse. It highlights the importance of green policies that give green investors stability and predictability, encouraging private investment of green capital flows.
The demo made during the event showed an “extraordinary useful tool” to make the ranking of 26 countries according to 4 interrelated parameters (enabling framework; clean energy investment and climate financing; low-carbon business and clean energy value; green house gas management activities) supported by the various indicators developed by BNEF. As a result, all actors from policy makers to academics via entrepreneurs or users of clean energy can use the friendly interface offered by Climatescope and acquaint themselves with the inspiring case studies. Climatescope is available free of charge on the Internet at the following link: http://climatescope.fomin.org
Michael Liebreich, BNEF CEO, recalled that “in 2011 more than $260 billion have been invested in clean energy worldwide without including the large scale hydro projects”, out of the global total 10% went to Latin America, which is a continent richly endowed in natural capital. This report will contribute to help all stakeholders to find sustainable energy solutions in response to development issues. Will Africa be the next scoped continent? I hope so.
Organized in the Gavea Golf Club in Rio de Janeiro, the presentation has been followed by a reception where the participants could play with the freshly released Climatescope tool on terminals put at their disposal.
From the United Nations Conference on Sustainable Development UNCSD Rio+20