Dominican Republic Has Caribbean’s Top Climate For Green Investment
Above: the Dominican Republic
By the Caribbean Journal staff
The Dominican Republic has the best climate for green investment in the Caribbean, according to a new report from the Inter-American Development Bank’s Multilateral Investment Fund and Bloomberg New Energy Finance.
The Climatescope 2013 report assessed the investment climate for climate-related investment in Latin America and the Caribbean, looking at 26 countries in the region and evaluating their ability to “attract capital for low-carbon energy sources while building a greener economy.”
Climatescope used four major criteria: the enabling framework, clean energy investment and climate financing, low-carbon business and clean energy value chains and greenhouse gas management activities.
The Dominican Republic was the top-ranked Caribbean country, and eight overall in the Latin America and Caribbean region.
Next in the Caribbean was Belize, followed by Jamaica, the Bahamas, Haiti, Guyana, Trinidad and Tobago, Barbados and Suriname.
