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Jan. 25, 2021, 11:00 a.m. EST

A new ranking by MIT Technology Review Insights highlights the countries making the fastest progress to a low-carbon future

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CAMBRIDGE, Mass., Jan. 25, 2021 (Canada NewsWire via COMTEX) -- The Green Future Index, a new study by MIT Technology Review Insights in association with Citrix, Morgan Stanley, and Salesforce ranks 76 countries and territories on the progress and commitment they are making toward a green future by reducing carbon emissions, developing clean energy, and innovating in green sectors, as well as the degree to which governments are implementing effective climate policies.

The interactive index shows which countries are progressing fastest in global efforts to decarbonize and limit global heating in line with the goals of the Paris Agreement.

The key findings are as follows:

            --  Europe will be a future green leader. Europe dominates the top
                of the index, with 15 European nations in the top 20. Many
                countries across the region have already made progress with
                curbing emissions, transitioning energy production to renewable
                sources, and investing in green mobility. Since covid, the EU
                has committed more than �?�200 billion in bold green
                economy investments, accelerating decarbonization even in the
                most fossil-fuel dependent states.

            --  Iceland, Denmark, and Norway top the index. Iceland, in first
                place, aims to be carbon neutral by 2040. The country has
                become a world leader in clean energy and carbon capture
                technology. Denmark (2(nd)) is the largest producer of
                hydrocarbons in Europe to stop issuing new oil and gas
                exploration licenses. Norway (3(rd)) is also striving to
                decouple its economy from fossil fuels.

            --  Costa Rica and New Zealand secure top 10 positions. Costa Rica,
                ranked 7(th), and New Zealand, ranked 8(th), have made major
                strides with renewables and have world-leading agendas for
                decarbonization across industry and agriculture. Canada (14
                (th)), Singapore (16(th)), and Uruguay (20(th)), the other
                non-Europeans in the top 20, have strategies for
                decarbonization, transitioning energy sources, and
                government-led initiatives to promote green living, such as
                Singapore's Zero Waste Masterplan, which aims to reduce
                landfill waste by 30% between now and 2030.

            --  There is uneven progress across the world's largest economies.
                The United States (40(th)) has reduced emissions over recent
                years and is responsible for nearly one-fifth of the world's
                green patents. Yet it is emerging from four years of climate
                denial and remains heavily dependent on fossil fuels and
                unsustainable farming practices. China (45(th)) is responsible
                for more than one-quarter of global emissions but has pledged
                to become carbon neutral by 2060 and is the world's fastest
                growing producer of renewable energy. France (5(th)), Germany
                (11(th)), and Canada (14(th)) are the highest ranked countries
                in the G20.

            --  The countries at the bottom of the index risk losing
                competitiveness in the green economy. The laggards include
                South Africa (47(th)), Vietnam (49(th)), and Indonesia (57
                (th)), where economic pressures run counter to sustainable
                development. Japan (60(th)) has a goal to be carbon neutral by
                2050, although government targets for renewable energy remain
                modest. The 16 "abstainer" countries at the bottom include
                petrostates such as Saudi Arabia, Iran, Qatar, and Russia. The
                latter's Energy Strategy 2035 for expanding oil and gas
                production identified the trend toward carbon neutrality as an
                existential threat.

"With hundreds of billions of dollars being injected into economies worldwide, covid-19 has created huge momentum for developing green industries and financing infrastructure that will be clean, technologically advanced, and climate resilient," says Nico Crepaldi, head of custom content, MIT Technology Review. "In the future, we're likely to see 'green' being synonymous with economic competitiveness."

To view the research findings, visit the interactive page or click here to download the report.

For more information, please contact us at insights@technologyreview.com About MIT Technology Review

View original content to download multimedia: http://www.prnewswire.com/news-releases/a-new-ranking-by-mit-technology-review-insights-highlights-the-countries-making-the-fastest-progress-to-a-low-carbon-future-301214144.html

SOURCE MIT Technology Review Insights

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2021/25/c7669.html

SOURCE: MIT Technology Review Insights


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