Global Energy Transition index
About the index
Global Energy Transition Index 2019 released by WEF for shaping the future energy with sustainable use along with environment protection.
It is System Initiative on Shaping the Future of Energy. The index benchmarks 115 countries on the current level of their energy system performance and the readiness of their macro environment for transition to a secure, sustainable, affordable and inclusive future energy system.
It measures how well they are able to balance energy security and access with environmental sustainability and affordability.
The report says in order to achieve a stable, sustainable and affordable global energy system will require a collaborative and systematic approach to solving problems and exploiting opportunities such as new technologies of the Fourth Industrial Revolution.
Report details – World performance
- Sweden remains on the top on the list and is followed by Switzerland and Norway in the top three.
- Among major economics, the UK is ranked 7th, Singapore 13th, Germany 17th, Japan 18th, and the US 27th.
- Within Asia, Malaysia is ranked highest at 31st, Sir Lanka is 60th, Bangladesh 90th and Nepal 93rd.
- China is ranked even lower than India at 82nd position, though it ranks very high at seventh place in the world for regulation and political commitment.
- Small economies have achieved higher scores on readiness, with the UK being the only G7 economy in the top 10
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