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Summary
- Sweden, Denmark, Finland, Switzerland, and France are the top five countries in the World Economic Forum’s global energy transition ranking.
- The ETI score hit a record high of 56.5, indicating global progress in energy transition.
- These countries have successfully integrated renewable energy sources and policies to reduce energy intensity and emissions.
On Wednesday (19 June), the WEF released its annual report, Fostering Effective Energy Transition 2024, which details the global progress made in regards to the transition, using the Energy Transition Index (ETI) to rank 120 countries on the performance of their current energy systems and transition-readiness.
The ETI is based on 46 indicators including capital, current performance in sustainability, education, equity and security, human resources, infrastructure and policies creating a transition-ready environment.
According to the report, the global average ETI score hit a record high of 56.5 this year, an increase of 6% since 2015.
The study states that the top ten countries ranking highest in terms of their ETI scores account for only 1% of energy-related CO² emissions, 3% of total global energy supply, 3% of energy demand and 2% of the global population.
Read the full post at Energy Monitor.
