Energy Transition Index

Energy Transition Index

News: The Energy Transition Index 2023 is a report published by the World Economic Forum (WEF) in collaboration with Accenture.

Key Findings:
• The report finds that after a decade of progress, the global energy transition has plateaued amid the global energy crisis and geopolitical volatilities.
• The report says that while there has been broad progress on clean, sustainable energy, there are emerging challenges to the equity of the transition – just, affordable access to energy and sustained economic development – due to countries shifting their focus to energy security.
• The report ranks Sweden as the top performer on the Energy Transition Index 2023, followed by Denmark, Norway, Finland and Switzerland in the top five. France (7) was the only G20 country in the top 10, followed closely by Germany (11), the U.S. (12), and the U.K. (13).

India specific findings:
• India is ranked at the 67th place globally on the index. The report says that India is the only major economy with energy transition momentum accelerating across all dimensions.
• India also emerged relatively less affected from the recent energy crisis, largely due to the low share of natural gas in power generation and increased use of existing generation capacities.