NEWS – Energy Transition Index (ETI) Published

HIGHLIGHTS

• Overview
  • Published by the World Economic Forum.
  • Developed to monitor the global energy transition comprehensively.
  • Focuses on sustainability, security, access, and enabling institutions.
• Key Points from ETI-2024
  • European countries dominate the rankings, with Sweden, Denmark, Finland, Switzerland, and France leading.
  • Emerging economies like Brazil and China show progress, although many countries regress in at least one energy system performance dimension.
  • India ranks 63rd in the ETI-2024.
  • Disparities in investments and regulations persist despite narrowing gaps between advanced and developing economies.
• Progress and Challenges
  • 107 out of 120 benchmarked countries have shown progress in their energy transition journeys in the past decade.
  • The overall pace of the transition has slowed down, posing a challenge.
  • Balancing sustainability, security, and equity remains a key challenge globally.
• India’s Clean Energy Infrastructure
  • India’s renewable energy and biomass constitute 42% of its power generation capacity.
  • India is recognized as the fourth-largest renewables market globally.
  • The World Economic Forum acknowledges India’s strides in clean energy infrastructure.