This report examines the global energy transition, focusing on the performance of energy systems and readiness for transition across 115 countries. It highlights the need for accelerated efforts due to the complexity and scale of the challenge, emphasizing the importance of technology, policy, and societal factors in achieving a secure, sustainable, affordable, and inclusive energy future.
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| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | World Economic Forum |
| Authors: | Espen Mehlum, Harsh Vijay Singh, Roberto Bocca |
| Geographic focus: | Global |
The research method involved analyzing the Energy Transition Index (ETI), which benchmarks countries based on their energy system performance and readiness for energy transition. The ETI framework considers a range of indicators, including energy security, access, environmental sustainability, investment, regulation, and infrastructure. Data from various sources, including the International Energy Agency and the World Bank, were used to calculate country scores and rankings.
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The Energy Transition Index (ETI) 2019 assesses 115 countries on their energy system performance and transition readiness. The report reveals that global energy transition has slowed, with the lowest year-on-year increase in the global average ETI score in five years. Advanced Economies lead the rankings, but face challenges in balancing economic growth with environmental sustainability. Emerging and Developing Asia's energy demand growth poses a challenge to environmental sustainability. Sub-Saharan Africa struggles with energy access and reliability. Latin America and the Caribbean have high environmental sustainability scores due to renewable energy, but face energy security challenges. The Middle East and North Africa region must diversify its energy mix and reduce fossil fuel subsidies. Accelerating energy transition requires coordinated action across economic, technological, and sociopolitical systems.
(Generated with the help of GPT-4)
Categories: English publication language | Global geographic scope | alternative energy | climate change | economic growth | energy | energy and security | energy security | energy transition | environmental sustainability | index overview | peer-group analysis | policy implications | system performance | transition readiness