Israel, Finland and U.S. are top countries for clean technology
Nations considered the most likely to produce viable cleantech startups in next decade.
A recent cleantech index listed Israel as having the world's most vibrant clean-technology industry, ripe for producing viable startups to commercialize sustainable innovation over the next decade.
Israel secured the top spot for its high-impact cleantech startups with a strong combination of government funding and venture capital support. In recent years, according to the report, the nation has increased its supportive government policies even while cleantech revenue remains low.
Finland came in second place for effectively mobilizing its workforce, and the United States ranked third place for attracting the most venture capital support for renewable technology endeavors.
According to the report, Israel garnered high marks for its ability to generate a culture of innovation. “Israel is able to compensate for its small domestic market, sensitive geopolitical setting and water constraint by drawing the attention of both local and foreign investors to bet on its pool of high-tech entrepreneurs," the report stated.
Mayor Udi Gat articulates his vision for transforming Kibbutz Ketura into the renewable-energy hub of Israel. (Photo: U.S. Embassy Tel Aviv/Flickr)
Israel has a large number of cleantech companies (19 in all) relative to the size of its economy. Examples are startups like Kaiima, which develops non-GMO breeding technologies, and Emefcy, which makes electrogenic bioreactors (EBR) that treat industrial wastewater.
With the global population expected to top 9 billion in the coming decades, there’s an increasing need for international engagement to spur widespread adoption of clean technology. The world will increasingly depend on high-tech industries as finite resources diminish and must be reused and shared globally.
“We need governments and investors to work together to help business respond to growing demand for low-carbon technology and create the thriving low-carbon economies that we need,” said Ben Ferrari, director of partnerships, at the Climate Group.
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