India ranked 67th on Energy Transition Index
Recently Energy Transition Index 2023 has been released by the World Economic Forum.
This index is published in association with Accenture. India ranked 67th in this Energy Transition Index- 2023.
Key Facts:
- Sweden topped the index, followed by Denmark, Norway, Finland and Switzerland in the top five of the list of 120 countries.
- France (7) is the only G20 country in the top 10, followed by Germany (11), the US (12), and the UK (13).
- The global energy transition has slowed down amid the global energy crisis and geopolitical instability, but India is among the countries that have made significant improvements, the report said.
- The index states that India is the only major economy in which the pace of energy transition is accelerating across all dimensions. For example, despite continued economic growth, India has successfully reduced the energy intensity of its economy and the carbon intensity of its energy mix by providing energy access for all and effectively managing electricity affordability.
- India has also been relatively less affected by the recent energy crisis, mainly due to the low share of natural gas in electricity generation and the increased utilization of existing generation capacities.
World Economic Forum (WEF)
- The World Economic Forum (WEF) is a Swiss non-profit organization, established in the year 1971 in Geneva (Switzerland).
- It is recognized by the Swiss government as an international organization for public-private cooperation.
- WEF is committed to improving the state of the world by engaging business, political, academia and other representatives of society to shape global, regional and industry projects.
Important reports published by WEF:
- Energy Transition Index (ETI)
- Global Competitiveness Report
- Global IT Report
Source – Indian Express
