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Through Insights, MIT Technology Review highlights the fastest growing countries

MIT Technology

Key Takeaways:

  • The Blue Technology Barometer, a new study conducted by MIT Technology Review Insights in collaboration with Infosys, Morgan Stanley, and Canada’s Ocean Supercluster. 

Ranks 66 countries and territories on their progress and commitment to sustainability by protecting the ocean environment, monitoring marine activity, contributing to technological innovation, and the extent to which governments implement effective coastal policies.

The interactive index shows which countries are making the most progress in global efforts to slow the effects of climate change on the marine environment, protect waters from overfishing, and address the problem of plastic accumulation in the ocean.

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The key findings are as follows:

The United Kingdom also Germany top the index

The United Kingdom ranks first, owing to its robust blue technology ecosystem: the country has vital research and development in maritime and sustainability technologies. Several blue tech startups, and is one of the most active developers of offshore renewable energy, exploring the world’s largest operational marine wind farm, a 50-megawatt facility off the coast about Aberdeenshire, Scotland. Germany is closely following.

It is also a marine technology leader, and the German government has been a strong advocate and investor in both domestic and international coastal marine conservation.

Nordic countries are blue leaders.

Denmark, Finland, Norway, and Sweden take four of the top ten spots, combining pro-technology approaches to combating climate change with mature shipping and fishing industrial clusters and collaborative, solutions-minded governments.

These countries have robust digital technology innovation ecosystems with numerous connections to their maritime economies and a global perspective.

Finland’s government adopted a resolution in May 2021 to put pressure on international agencies to reduce greenhouse gas emissions from maritime and inland waterway transportation.

South Korea secures top 10 position

South Korea is the only non-Western economy among the top ten. It is the world’s intellectual property powerhouse in blue technology, with three times as many patents in maritime sustainability technology filed in the last decade as the US.

Tidal wave energy is a fact area of expertise; several companies in South Korea are developing onshore, and offshore wave conversion approaches.

“Integrating ocean-sustainability efforts like blue technology innovation with ‘green’ land-based efforts. This will be critical for countries working to meet the terms of the Paris Climate Accord and limit global warming to 1.5 degrees Celsius,” says Francesca Fanshawe, international editorial director of MIT Technology Review Insights.

“Consumer participation in areas such as fishing and marine pollution puts pressure on businesses to invest in ocean conservation. As a result, we are increasingly seeing ‘blue’ sustainability efforts associated with economic competitiveness.”.

Source: prnewswire news

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