India ranks 76th on WEF’s global Energy Transition index; Sweden on top

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  1. India has been ranked 76th out of 115 countries on 2019 Global Energy Transition Index(GETI).The index is released by the World Economic Forum (WEF).It ranks 115 countries on how well they are able to balance energy security and access with environmental sustainability and affordability.
  2. India has moved up two places from 78th last year.India is also amongst the five economies to improve its rank since last year.Sweden has been ranked first and is followed by Switzerland and Norway.
  3. WEF said that India is amongst the countries with high pollution levels and has a relatively high CO2 intensity in its energy system.However, India has made significant strides to improve energy access in recent years and currently scores well in the area of regulation and political commitment towards energy transition.
  4. The WEF index considers both the current state of the countries energy system and their structural readiness to adapt to future energy needs.The transition readiness component of the index has taken into account six individual indicators (a)capital and investment (b)regulation and political commitment (c)institutions and governance (d)institutions and innovative business environment (e)human capital and consumer participation and (f)energy system structure.
  5. WEF was established in 1971 as a not-for-profit foundation and is headquartered in Geneva,Switzerland.Its objective is to improve the state of the world by engaging business,political,academic and other leaders of society to shape global,regional and industry agenda.