European cities with the most future-focused innovation
Aside from London, which cities in Europe rank the highest for being the most future-thinking?
2. Copenhagen, Denmark
Second in Europe and seventh overall, Denmark’s capital has the highest climate performance score on our list, at 79.61. The city has many different climate initiatives in place, and its goal is to become the first carbon-neutral capital by 2025.1
Not only that, but it has the second highest percentage of green energy, at an impressive 83.96%, the best digital competitiveness score; and the seventh fastest internet speeds, at 168.7 Mbps.
3. Stockholm, Sweden
Sweden’s capital scores third in Europe, and ninth in the world on our index; and for good reason. With Scandinavia leading the way in the climate sphere; Stockholm has the second highest climate performance score, at 73.28; as well as the fifth highest green energy usage, at 68.38%.
4. Oslo, Norway
It’s a similar story for Oslo, who placed fourth in Europe, and 12th overall. At 98.97%, almost all of its energy comes from renewable sources; and it has the third highest climate performance score, at 64.47.
Other European cities that scored well for their future-thinking include Amsterdam and Barcelona in 15th and 16th place, followed by Vienna, Zurich, and Manchester, who all made it into the top 20 global rankings.
Cities that are behind the curve
On the other end of the spectrum, it’s time to look at the cities that are falling behind when it comes to thinking about the future.
1. Warsaw, Poland
Sitting right at the bottom of our list is Poland’s capital, and there are a few reasons for this. Digital competitiveness is the third worst in the world, indicating that Poland has a relatively low ability to explore and adapt to digital technologies in the future.
In addition, the city does not score so well from a climate perspective – it has the second lowest percentage of green energy, at 21.04%, as well as the seventh worst climate performance score, at 37.94.
2. Athens, Greece
In second last place is Athens, with the slowest internet speeds on our list, at just 45.29 Mbps. In addition, the city has the worst digital competitiveness rate, as well as the seventh fewest number of coworking spaces, at just 37; and the fourth least spend on transport, at EUR€780 million (AUD$1,272 million).
3. Belgrade, Serbia
Also ranking poorly for its future-thinking is Belgrade. This city has the second lowest number of EV chargers, at just 95 in the city, as well as the sixth least spend on transport, and the 10th lowest number of coworking spaces, at only 42.
Eight out of the 10 least future-thinking cities were in Europe, with Australia’s Canberra and Perth making it into ninth and 10th position.
If we look at the various factors that make up our index, then Prague uses the lowest amount of green energy, at 12.34%, and Canberra has the least EV chargers out of all the cities we looked at, at just 88.
Porto and Lisbon spent the least on transport, at EUR€282 million (AUD$460 million) nationally, and Naples and Marseille have the least coworking spaces, at 12 and 16, respectively.
General Manager of Money at Compare the Market, Stephen Zeller, says it’s encouraging to see so many cities investing heavily in their future.
“It’s great to see so many cities implementing their own initiatives to help tackle climate change and preparing themselves for a digital future.
“These cities are positioning themselves to be future leaders in digital industry and innovation, and will potentially become hotspots for digital nomads and others in the tech space,” Mr Zeller suggested.
“For prospective homeowners, it’s a good idea to keep in mind that where you live and the facilities around you can have a great impact on the value of your home.
“And, if you are looking to move to an area that has good potential for future innovation and growth, you can compare your home loan options to ensure you get the most out of your money.”
If you are an Australian citizen in the market for a home loan, you could try our free, online tool to help you compare your options and look for a loan that suits your individual circumstances.