to accelerate cleantech innovation
Cleantech for Baltics Report
We live in a time of climate, energy security and economic crises. The need for smart, clean, energy and resource-efficient technologies has never been as urgent. Thanks to the EU Green Deal and ongoing progress in existing and upcoming regulatory files focusing on energy, transport, environmental protection and circularity, Europe is creating a world-leading regulative and financial environment to support growth of the cleantech sector. But how are the Baltics – the North-Eastern European member states of Estonia, Latvia and Lithuania – doing? What is the current situation of the Baltic cleantech sector?
Why?
While the broader startup ecosystems in the Baltics and Central and Eastern Europe are well documented and understood, there is little up-to-date information specifically focused on the cleantech sector. The Cleantech for Baltics report intends to fill this gap in data and information. This report is the first in a series of quarterly outlooks that will focus on the current situation and latest developments of the cleantech ecosystem, policy and support measures in Estonia, Latvia and Lithuania. The report provides recommendations on how the region can supercharge investments in cleantech - from boosting early-stage innovation to accelerating scale up and deployment for wide-scale impact.
This first report presents the findings of the Baltic cleantech sector analysis conducted between September and November 2022, draws comparisons between the three countries and provides recommendations for the growth of the Baltic cleantech sector and enabling policy landscape.