Did you know that Portugal ranks 18th in the Green Transition Index?
The environmental performance of 29 European countries was put to the test in seven categories on the Green Transition Index. Portugal stood out positively in the Building and Energy categories, ranking 18th.
The country was notable for its use of renewable energy for domestic heating and low per capita electricity consumption. Factors such as the ” share of renewable energy in electricity production” and the “size of projects in energy transition technologies, in relation to total PIB”, were determining factors for the country to occupy the fifth place in the Energy ranking.
As for the number of building projects built with sustainable construction certifications, Portugal ranks nineteenth. Portugal ranks second in size of green hydrogen projects in relation to PIB, surpassing the average of European countries by five times in 2021. It ranks fifth in battery-related storage project capacity.
However, the consultancy firm Oliver Wyman points out that Portugal has no CCS (Carbon Capture and Storage) projects, unlike 50% of European countries. When it comes to points for improvement, Portugal was among the countries with the worst performance in Waste Management, occupying the 27th position in the table. As for Nature Conservation, it has a low performance in the marine and terrestrial protected areas indicator.
However, the country intends to invest in innovation for a green transition. As part of the Recovery and Resilience Plan, the Portuguese government is awarding €30,000 in Startup Vouchers. The application for these vouchers is included in our PACK EUROPE SOFTLANDING 2023.
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