From: Yona Maro

Only 20% of the world’s proven fossil fuel reserves can be burnt by 2050 if we are to have an 80% chance of staying below 2 degrees of global warming. We know this at a time when the value of global fossil fuel subsidies are approximately US$700 billion per year whilst IEA estimates that renewable subsidies are approximately US$57 billion. We can no longer continue down this path of unsustainable economics and perverse incentives.

This report investigates the global state of cleantech innovation in entrepreneurial start-up companies. Denmark topped the index, with its unique combination of a supportive environment for innovative cleantech start-ups, evidence of those start-ups emerging as well as a strong track-record of companies commercialising their cleantech innovations and scaling them up to widespread market adoption, particularly in wind.

China and India placed 13th and 12th respectively, but stand out as having a strong potential to rise through the ranks in the coming years. While not currently creating innovative cleantech companies in great numbers relative to the size of their economies, they are already strong centres for cleantech production, and have increasingly supportive governments, large sums of private money ready to be invested, and massive domestic markets.

http://awsassets.panda.org/downloads/coming_clean_2012.pdf

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