Brazil, Nicaragua and Panama have the most suitable environment for climate-related investments in Latin America and the Caribbean, according to a preview of the Climatescope 2012, an upcoming report and index developed by the Multilateral Investment Fund in partnership with clean energy market research firm Bloomberg New Energy Finance.

Climatescope profiles 26 countries in Latin America and the Caribbean and evaluates their ability to attract capital for low-carbon energy sources while building a greener economy. The study will measure 30 indicators to assess the climate for climate-related investments in the region.

Preliminary findings of the study will be presented during the IDB annual meeting in Montevideo, Uruguay. Brazil, Nicaragua and Panama, respectively, received the highest Climatescope scores.

Countries were ranked based on four parameters: enabling framework; clean energy investments and low carbon financing; low-carbon business and clean energy value chains; and greenhouse gas management activities.