The Rise Of The Green Tech Transition: Which Countries Are Ready To Adopt The Technology

The rise of the Green Tech Transition has begun but the question is which nations are prepared to adopt this form of technology.

A new study is shedding light on the global aspect of the endeavor and which regions are opening up in terms of readiness and acceptance.

As per recently published data, it’s the US, Netherlands, Sweden, Singapore, and Switzerland that are doing great in this regard. They’re opening up to the thought of adopting the frontier technology that is needed to make such a major shift.

The data comes to us thanks to a recently held conference at the UN that was linked to trade and development.

Nearly 166 nations were provided rankings in terms of how prepared they were to use the technology with a series of five indicators. This includes Industry, ICT, Skills, Research and Development, and even Finance.

A map was provided that allotted a final score and the US came second in terms of Research and development while it scored 11 in terms of ICT and 18th for skills. Then it was 16th for industry and second for finance. The total sum was 49.

The list’s bottom featured Gambia, Congo, Guinea, and the southern part of Sudan. These five nations were ranked near the bottom and were seen across five different categories. The chart shows a clear division in terms of high-income nations and lower-income nations. Latin America, Sub-Saharan Africa, and the Caribbean were all ready to see major changes in frontier technologies. And that means a lot of risk of missing out in terms of current technological changes.

Despite China’s ability to make and create frontier technology, the nation is ranked lower, and that is what has been expected. It’s coming in the 35th position due to huge disparities in terms of internet coverage and broadband speed. When you look at other members in the BRICS block, Brazil scored 40th position while India came in at 46th, and South Africa at 56th.

A long list of nations in Asia did a better job in terms of performance including Asia and Vietnam. The real difference between India’s expected and real ranking has to do with per capita income. It’s 67 places greater than usual. And most researchers feel this might be due to more investment in the world of infrastructure and technical skills.

With Earth Day just passing by yesterday, the UN is also issuing a clear warning regarding how the idea of a green transition is losing ground in most of the Global South. This would occur if so many governments and the members of the international community don’t take on adequate measures.

Another report by the UN conference regarding trade and development featured how it’s not going to be possible for economies to put reliance on historical pathways for growth driven by carbon. These countries need to make the most of the many green windows on offer regarding the world of science and technology.

This takes complete advantage of connectivity as well as digitalization which is where the term frontier technology arises. More and more people are open to technology like solar power, nanotechnology, Drone Technology, Robotics, and 3D Printing. Similarly, it’s where sustainable resources like Wind Energy, Biogas, and Biomass come into play. Lastly, AI and Green Hydrogen aren’t to be missed either.

This type of industry is very lucrative and has a lot of potential for growth in the future. As per data from UNCTAD, the forecast was seen to hit the $9.5 trillion figure by the year 2030.

The study showed how there was a great match between those of high and low economic groups. This is from 2018 but nearly 4 years down the line, the disparity has grown. And now, it’s time to be alert again.

So what is the solution? The answer is simple. To stop this from taking place, so many governments need to make a change in their policies before it’s too late. This includes encouraging growth within sectors that are greener and promoting scientific skills in such nations.

H/T: Statista Charts

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