India has been ranked 63rd on a global Energy Transition Index (GETI) released on June 19 by the World Economic Forum.
- European nations dominated the top ranks with Sweden topping the index, followed by Denmark, Finland, Switzerland and France in the top five. China was ranked 20th.
- The Energy Transition Index (ETI) benchmarks 120 countries on their current energy system performance and on the readiness of their enabling environment.
- The World Economic Forum (WEF) said that India is leading the way in creating outcomes that can be replicated elsewhere. It also noted that India has shown improvement in energy equity, security and sustainability.
- On the role of China and India, the WEF said that with roughly a third of the global population, these two countries will play a critical role.
- With renewable energy and biomass comprising 42% of its power generation capacity, making India the fourth-largest renewables market globally.
- India’s per capita emissions, at 1.7 tonnes of CO2, are already 60% lower than the global average of 4.4 tonnes of CO2 per capita.
- While 107 of the 120 countries benchmarked in the report demonstrated progress on their energy transition journeys in the past decade, the overall pace of the transition has slowed and balancing its different facets remains a key challenge.
