Latin America and the Caribbean boast extraordinary renewable energy resources and much of the region has seen strong economic growth in recent years. Still, the local clean energy sector is just beginning to gain traction, last year attracting less than 5 percent of an estimated $280 billion invested worldwide.

For clean energy entrepreneurs, developers, and manufacturers, massive opportunities appear to lie ahead — if they can identify them. Similarly, government leaders could trigger a flood of new clean energy investment — if they can craft appropriate policy frameworks.

To bridge these gaps, the Multilateral Investment Fund, member of the Inter-American Development Bank Group, in partnership with Bloomberg New Energy Finance, has created Climatescope, the first annual report, index, and interactive web tool focused on the clean energy market in Latin America and the Caribbean.

Climatescope uses 30 indicators to measure the ability of each country to attract capital to build a greener economy, aggregated into scores from 0 to 5, with 5 representing the best investing environment.

Climatescope will be released June 19 during the Rio+20 United Nations Conference on Sustainable Development. For more information on the launch, please visit: . Transportation will be provided to/from the venue to Windsor Barra Hotel.