The planet is sending us signals and some world leaders are taking action. At the end of 2015, at the XXI Conference on Climate Change, a historic agreement produced by COP21 was approved. The signatory countries pledged to carry out all the necessary efforts so that the temperature does not increase by more than 1.5 degrees worldwide.
In Latin America and the Caribbean, the country that invests the most in renewable energy and in the fight against climate change is Chile, according to the New Energy Finance Climascope ranking prepared by Bloomberg and the Inter-American Development Bank. The ranking considers four variables: favorable framework, investment, value chain and CO2 reduction.
Chile confirmed its leadership with a record investment in non-conventional renewable energy (NCRE) projects, which has more than doubled: jumping from $ 1.3 billion in 2014 to $ 3.2 billion in 2015. Followed by Brazil and Uruguay, in the third place in the region.
China, once again, tops the list globally. Chile, Honduras, Kenya, Mexico, and Uruguay are the countries that achieved the highest Climatescope scores, reflecting great progress in efforts to stop global warming.
“Additionally, Chile is at the forefront in emissions reduction activities in Latin America and leads the Climascope's ranking of greenhouse gas management activities in the region,” highlights the Chilean government. The Climascope analyzes the clean energy activity of 58 emerging markets in Africa, Asia and Latin America and the Caribbean.