Interview Guidance Program (IGP) for UPSC CSE 2024, Registrations Open Click Here to know more and registration
What is the News?
The World Economic Forum(WEF) has released the Energy Transition Index, 2021.
About Energy Transition Index(ETI), 2021:
- Energy Transition Index is an annual report by the World Economic Forum (WEF). It prepares the report in collaboration with Accenture.
- Purpose: The ranking aims to enable policy-makers and businesses to plan for a successful energy transition.
- ETI checks the readiness of countries for transition to secure, sustainable, affordable, and inclusive energy systems.
- Parameters: The index ranks 115 countries on the basis following three dimensions:
- Economic development and growth,
- Environmental sustainability and
- Lastly, Energy security and access;
Key Findings Related to India:
- Firstly, India ranks at the 87th position among 115 countries in the Energy Transition Index (ETI).
- Secondly, the report also says India improved in energy transition through the subsidy reforms and by increasing energy access with a regulatory environment and strong political commitment.
Other Key Takeaways:
- Firstly, Sweden tops the index. It is followed by Norway and Denmark.
- Further, China has been ranked 67th on the index. India and China collectively account for a third of global energy demand. However, their improvement level is strong over the past decade even though coal continues to play a significant role in their energy mix.
Source: Economic Times
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.
