Brazil repeats as the best country in energy transition in Latam; What position does Peru occupy?

Brazil is the 12th country in the world and the first in Latin America best prepared for energy transition necessary to stop climate change according to the classification periodically prepared by the World Economic Forum (WEF), in which Costa Rica is the second best placed in the region, occupying the 30th global position.

Brazil, which according to the report is leading the investment of large powers in clean energy such as hydroelectricity or biofuels, rises two places in the ranking compared to the previous year, thus overtaking the United Kingdom or the United States.

Costa Rica, despite losing five positions globally compared to 2023, goes from being the third Latin American country in the classification to second, since Uruguay, which last year was in 23rd place in the world, falls to 33rd in 2024.

Behind them are Colombia (35th), Paraguay (42nd), El Salvador (46th) and Peru (47th)while Mexico occupies a discreet 57th place and Argentina is in the lower half of the ranking of 120 countries, being 82nd.

Sweden repeats in the ranking as the best placed country, also followed once again by Denmark, while there are small variations in the following positions, occupied by Finland (fourth in 2023), Switzerland (which also gains one place) and France, which goes up two.

Germany is eleventh, while China is 17th, the United States 19th, Japan 26th and Italy 41st, according to a ranking of 120 countries that places Tanzania, Yemen and the Democratic Republic of the Congo in last place.

At a general level, the WEFthe organizing entity of the annual summits of political and economic leaders in Davos, emphasizes that global uncertainties are slowing the pace of the energy transition, so although it continues, it has done so at a slower speed in the last three years.

Of the 120 countries studied, 107 have made progress in the past decade, although ““The global outlook is harmed by economic volatility, growing geopolitical tensions and technological changes.”

The report highlights that last year US$ 1.8 trillion were invested in the transition to clean energy, a record figure that represented an increase of 17% compared to the previous year, although the sector’s emissions continued to grow, 1.1% year-on-year.