Energy Transition Index: WEF

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The annual rankings of the global Energy Transition Index have been released by the World Economic Forum (WEF) . This index benchmarks 115 economies on the current performance of their energy systems.

Data Analysis

  • For the third consecutive year, Sweden has topped the Index. It is followed by Switzerland and Finland in the top three.
  • The only G20 countries in the top ten are France (8th) and the UK (7th) .
  • Consistent annual improvements have been shown by Argentina, China, India and Italy.
  • 75 % of countries have improved their environmental sustainability as per the 2020 results.

India՚s Ranking and Reasons

  • India has moved up two positions to rank 74th.
  • There have been improvements in all three dimensions of the energy triangle namely:
    • Energy access and security
    • Economic development and growth
    • Environmental sustainability
  • India has also made significant progress in energy efficiency:
    • Bulk procurement of LED bulb
    • Smart meters
    • Programs for labelling of appliances

Impact of Covid-19

Covid-19 risks have hampered the recent progress in transitioning to clean energy, unprecedented fall in demand, price volatility, etc.

Important Suggestions

  • More robust and resilient policies, roadmaps and governance frameworks for energy transition at national, regional and global levels.
  • The economic recovery packages sch as the Pradhan Mantri Gareeb Kalyan Yojana by India can accelerate the transition to clean energy.

World Economic Forum

  • A Swiss nonprofit foundation established in 1971.
  • It is based in Geneva, Switzerland.
  • Major reports published by WEF are Global Risk Report, Global Gender Gap Report, Global Competitiveness Report, Global IT Report, Global Travel and Tourism Report.

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