India has been ranked at the 87th position among 115 countries in the Energy Transition Index (ETI).
- The latest report is based on a revised ETI methodology that takes into account recent changes in the global energy landscape and the increasing urgency of climate change action.
- 92 out of 115 countries tracked on the ETI increased their aggregate score over the past 10 years, which affirms the positive direction and steady momentum of the global energy transition
Highlights of the report:
- The top 10 countries in the index are Western and Northern European countries.
- Sweden is in the first position followed by Norway (2nd) and Denmark (3rd).
- Other countries in the top 10 are Switzerland (4), Austria (5), Finland (6), the United Kingdom (7), New Zealand (8), France (9) and Iceland (10).
- China (68) and India (87), which collectively account for a third of global energy demand, have both made strong improvements over the past decade, despite coal continuing to play a significant role in their energy mix.
- “China”s improvements primarily result from reducing the energy intensity of the economy, gains in decarbonising the energy mixthrough the expansion of renewables and strengthening the enabling environment through investments and infrastructure.
- Zimbabwe is the last ranked country.
India specific highlights:
- India has been ranked at the 87th position among 115 countries.
- India has targeted improvements through subsidy reforms and rapidly scaling energy access, with a strong political commitment and regulatory environment for the energy transition.
About the Energy Transition Index (ETI):
- ETI is a report from World Economic Forum (WEF).
- It is an annual ranking.
- The index tracks nations on the current performance of their energy systems across various aspects.
- The index benchmarks 115 countries on the current performance of their energy systems across three dimensions :
- Economic development and growth
- Environmental sustainability
- Energy security and access indicators — and their readiness to transition to secure, sustainable, affordable, and inclusive energy systems.