The road to a sustainable energy future in Central America

When the first Climatescope report was published by the Multilateral Investment Fund (MIF) of the Inter-American Development Bank and Bloomberg New Energy Finance in 2012, it may have been surprising to many people that a Central American country ranked second among Latin American States in the index evaluating the investment climate for clean energy, yielding only to Brazil. Perhaps even more unexpected was the fact that it was Nicaragua, a country that only a decade before had the highest percentage of fossil fuel-based electricity generation in the region (almost 80 per cent). Also among the top 10 ranking countries were Panama (3rd), Costa Rica (8th) and Guatemala (9th)