A recent study analyzing the sustainability progress of 29 European countries reveals a shift in rankings, with Spain dropping significantly while Denmark maintains its position at the forefront of the green transition.
The Green Transition Index, compiled by consulting firm Oliver Wyman, evaluates the sustainability performance of countries based on seven categories: economy, nature, manufacturing, energy, buildings, transport, and waste. According to the latest edition, Spain has fallen five places in the ranking compared to 2022, now ranking 19th, below the European average for the first time. This decline is attributed to improvements made by other nations rather than a significant deterioration in Spain's own performance.
Denmark retains its leadership position, praised for its strong use of renewable energy sources and advancements in decarbonization technologies. Notably, the country is recognized for its pioneering work in green hydrogen and carbon storage projects. “Denmark, which leads the ranking, is a clear example of how a strategic approach and the promotion of clean technologies can accelerate the transition,” said Sofia Marques Cruz, an associate at Oliver Wyman in Spain and Portugal.
Despite falling in the overall rankings, Spain continues to make progress in various sectors, such as the adoption of renewable energy, though challenges remain. In the building sector, Spain's reliance on gas boilers for home heating contributed to its drop in rankings, as the country lags behind other European nations in utilizing renewable energy for residential heating. In the energy sector, Spain also experienced a slight decline, dropping from 7th to 11th place.
The report highlights the role of policy effectiveness and innovation in driving sustainability progress. “Differences in progress towards sustainability not only reflect a country's level of resources, but also the effectiveness of its policies and its capacity for innovation,” Cruz noted.
The analysis also underscores that Scandinavian countries continue to lead in the transition, with Western Europe, the Baltic States, Eastern Europe, and Southern Europe following in succession.