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Latin lessons on investment

Latin lessons on investment image

 

 

Latin America and the Caribbean are bagging a rising share of global renewable energy investment as governments strengthen policy support and local supply chains expand, a study claims.

 

The Climatescope 2013 report from the Multilateral Investment Fund and Bloomberg New Energy Finance shows the 26 countries in the region took 6% of the total $268.7bn invested worldwide in 2012, up from 5.7% in 2011.

 

It also revealed that investment in the region declined 3.8% from 2011 to 2012, far less than the 11% global drop in the same period.

 

Some 110 clean energy policies were identified in the region compared with 80 at the end of 2011 and a “dramatic rise in the diversification of investment destinations” was recorded.

 

“Policy frameworks are expanding and strengthening in Latin America and the Caribbean,” said MIF general manager Nancy Lee, General Manager of the MIF.

 

“The rapidly falling costs of clean technologies such as solar and wind power combined with an improved investment climate means that clean energy generation in the region is now truly affordable.”

 

“The growth of clean energy investment outside Brazil in 2012 was significant,” said BNEF chief executive Michael Liebreich.

 

“Total financing outside Latin America’s largest country jumped to 45% in 2012 from 17% in 2011 as Chile, the Dominican Republic, Mexico and Uruguay among others posted outsized growth rates.”

 

Brazil had the highest overall Climatescope score, retaining the crown it claimed the previous year. Chile moved up three positions to second overall while Nicaragua finished third.

 

The top score for a Caribbean nation went to the Dominican Republic, which saw a year-over-year doubling of clean energy investment to $645m.

 

The full report is available here. Download from : http://idbdocs.iadb.org/wsdocs/getDocument.aspx?DOCNUM=38168432

 

Source: http://renews.biz/52085/latin-lessons-on-investment/



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