Tel Aviv ranks number #2 globally as a cleantech ecosystem, a close second after Silicon Valley and ahead of key global hubs including Stockholm, London and Los Angeles.

This was one of the highlights of the Global Startup Ecosystem Report (GSER): Cleantech Edition from Startup Genome, presented January 24 at CleanTech Forum San Francisco.

The GSER is the world’s most comprehensive and widely read research on startups, with 280 entrepreneurial innovation ecosystems and 3 million startups analyzed.

The Cleantech Edition dives deep into the globally competitive landscape of technology-based startups focused on reducing environmental impact and solving the scaleup gap in cleantech. This includes startups dedicated to renewable energy, transportation, logistics and more.

“For years Israel has been a global leader in the development of efficient solutions adapted to its resources in agriculture, waste management, clean energy, and water treatment, among others. These two ecosystems are punching above their weight and leading the world in Cleantech innovation,” the report notes.

“Tel Aviv-Yafo is a member of the World Cities Climate Leadership Group (C40) and thus a leader in ensuring sustainable policies and innovation to combat the climate change to advance global sustainability and health,” said Ron Huldai, mayor of Tel Aviv-Yafo.

“Technological innovations play a crucial role in the global challenge to mitigate and adapt to the threat that is climate change. We are extremely proud that the creative and entrepreneurial spirit of Tel Aviv’s talent, with its knowledge and investments, is focused not only at excelling in the fields of AI, fintech and cyber but also in cleantech, thinking about the future.”