Green innovation is the hallmark of emerging leaders in MIT Technology Review Insights’ annual global decarbonization rankings

CAMBRIDGE, Mass., March 24, 2022 /PRNewswire/ — Produced by MIT Technology Review Insights in association with Morgan Stanley, Citrixand Iris Ceramica GroupThe Green Future Index 2022 is the second annual comparative ranking of 76 countries and territories on the progress and commitment they are making towards a green future by reducing carbon emissions, developing clean energy and innovating in the sectors green, as well as the degree to which governments are implementing effective climate policies.

The 2022 Green Future Index

Based on research conducted between October 2021 and January 2022the Interactive Index shows which countries are making the fastest progress in global efforts to decarbonize and limit global warming.

The key findings of this year’s report are:

  • Europe Green leadership maintained for a second year. In the 2022 rankings, 14 of the top 20 scorers remained largely in place from year to year. Sixteen of the “Green Leaders” are from Europe: Iceland and Denmark still hold the number one and two spots respectively, and the third and fourth spots are now held by the Netherlands and the UK. The UK (ranked 17th last year) has become particularly aggressive in directing investment towards its clean energy transition: almost 36% of the country’s electricity came from clean sources by the end of 2021, and Britain wants this percentage to be 100% by 2035.

  • New leaders are innovators. New entrants to the top-ranked cohort include South Korea, Japanand United States; all three have seen significant increases in their innovation scores thanks to their global contributions to green intellectual property (Korea leads the world in green patents) and notable increases in pivoted infrastructure spending towards clean and green projects.

  • Many go up to the Greening Middle. The Greening Middle includes several European countries that have made significant gains in energy policy and infrastructure investment, including Greece, which has earmarked 30% of its total envelope of EU recovery funds for clean energy transition efforts. It also includes China (falling from 45th place in 2021 to 26th in 2022), which continues to make significant progress in transitions to a green society (including buying more than half of the world’s electric vehicles in 2021).

  • Several green leaders are losing momentum. The steady rise of green leaders demonstrates the determination of economies with both an engaged policy infrastructure and mature green innovation ecosystems. It also highlights a growing gap between leaders with high scores in all pillars and those with weaker one or more pillars. Several former Green leaders appear to have lost momentum, including Singapore, New Zealandand Costa Ricawhich rose from seventh place in 2021 to 20th place in 2022.

  • Climatic laggards include notable sliders and risers. The cohort of climate laggards includes India, which has begun to make stronger political commitments to decarbonization, but its green efforts are overshadowed by an ongoing pandemic stimulus package that continues to favor traditional industries. On the other hand, some savings (notably Pakistan and hong kong) recorded increased investments in green infrastructure and firmer sustainable policy frameworks, which allowed them to increase their scores compared to the lowest cohort.

  • The pandemic has tested the already weighed down climate abstentionists. The bottom-ranked climate abstainers remained largely the same as in 2021: economies that either lack the political will to pursue green agendas or are further weighed down by their existing resource-based economies to make real progress, especially as the effects of the pandemic continue into third grade. These include two countries that have seen their green agendas largely overshadowed by the adverse effects of covid-19: Argentina (going from 59th to 68th this year) and Indonesia (from 57th to 70th).

To view search results, visit interactive page Where Click on here to download the report.
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Insights (PRNewsfoto/MIT Technology Review Insights)

Insights (PRNewsfoto/MIT Technology Review Insights)

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