Peru is the fourth most attractive country in Latin America and the Caribbean (LAC) for investment opportunities in clean energy projects, according to Climatescope, a major new report to be released this week.

Climatescope is a report and index developed by the Multilateral Investment Fund (Fomin), a member of the Inter-American Development Bank Group, and clean energy market research firm Bloomberg New Energy Finance (BNEF).

This groundbreaking interactive study assesses the investment climate for climate change-related financing across Latin American and the Caribbean.

Climatescope profiles 26 countries and evaluates their ability to attract investment for low carbon energy sources while building a greener economy.

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. Final, composite scores are shown below.

In this first edition of Climatescope, Brazil emerges at the top with an overall score of 2.71, followed by Nicaragua (2.13), Panama (1.97), Peru (1.73), Chile (1.72), Mexico (1.67) , Colombia (1.63), Costa Rica (1.47), Guatemala (1.45) and Uruguay (1.38) and so on.

The Climatescope assessment also offers a system to businesses so they can diminish the effects of global warming with their investment in Latin America.

The final report will be released June 19 during the Rio+20 United Nations Conference on Sustainable Development.