The study takes into account how the country has been reducing carbon emissions, developing clean energy, and innovating in green sectors,
as well as the degree to which governments are implementing effective climate policies. -A.M. Costa Rica illustrative photo-
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Published Thursday, January 28, 2021
Costa Rica is one of the fastest to progress
into a low-carbon future, says study
By the A.M. Costa Rica staff
Costa Rica ranks in the top 10 countries with the progress and commitment toward a green future, according to The Green Future Index, a new study by MIT Technology Review Insights in association with Citrix, Morgan Stanley, and Salesforce.
The study takes into account how the country has been reducing carbon emissions, developing clean energy, and innovating in green sectors, as well as the degree to which governments are implementing effective climate policies.
"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," Nico Crepaldi, head of custom content, MIT Technology Review said. "In the future, we're likely to see 'green' being synonymous with economic competitiveness."
According to the index Costa Rica, ranked 7th of 76 countries, by making major strides with renewables and has a world-leading agenda for decarbonization across industry and agriculture.
Costa Rica is listed among other non-European countries that are recognized in the top 20, which have strategies for decarbonization, transitioning energy sources, and government-led initiatives to promote green living, said the report.
Iceland is in first place for its aim to be carbon neutral by 2040. The country has become a world leader in clean energy and carbon capture technology. Denmark follows in second place for being one of the largest producers of hydrocarbons in Europe to stop issuing new oil and gas exploration licenses. Norway places this for striving to decouple its economy from fossil fuels.
However, there is uneven progress across the world's largest economies. The United States places in 40th place as it has reduced emissions over recent years and is responsible for nearly one-fifth of the world's green patents. The country is recently emerging from four years of climate denial under the trump administration and remains heavily dependent on fossil fuels and unsustainable farming practices.
China is in 45th place and responsible for more than one-quarter of global emissions but has pledged to become carbon neutral by 2060. The country is the world's fastest-growing producer of renewable energy.
The countries at the bottom of the index risk losing competitiveness in the green economy are Japan (60th place), Indonesia (57th place) or South Africa (47th place) where economic pressures run counter to sustainable development, the index said.
"The 16 abstainer countries at the bottom include petrostates such as Saudi Arabia, Iran, Qatar, and Russia," the specialist said in its statement.
The latter's Energy Strategy 2035 for expanding oil and gas production identified the trend toward carbon neutrality as an existential threat.
The full index can be reached at the MIT Technology site.
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What should the largest economies of countries do to improve reducing emissions and improving carbon-neutral actions? We
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