According to a report by the World Economic Forum (WEF), India has secured the 87th spot among 115 countries in the Energy Transition Index (ETI) that tracks nations on the current performance of their energy systems across various aspects.
Sweden, Norway and Denmark secured the first, second and third position, respectively, in the WEF report.
China, which ranked 68, and India, collectively account for a third of global energy demand. The report stated that both the countries have both made strong improvements over the past decade, despite coal continuing to play a significant role in their energy mix.
As per the report, India has targeted improvements through subsidy reforms and rapidly scaling energy access, with a strong political commitment and regulatory environment for the energy transition.
The report said China's improvements primarily result from reducing the energy intensity of the economy, gains in decarbonising the energy mix through the expansion of renewables and strengthening the enabling environment through investments and infrastructure.
The index benchmarks 115 countries on the current performance of their energy systems across three dimensions—economic development and growth, environmental sustainability, and energy security and access indicators, and their readiness to transition to secure, sustainable, affordable, and inclusive energy systems.
The latest report is based on a revised ETI methodology that takes into account recent changes in the global energy landscape and the increasing urgency of climate change.
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