India has moved up two places to rank 76th on a global energy transition index. This annual list, compiled by Geneva-based World Economic Forum (WEF), has ranked 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability. The report, released by the WEF today, said India is amongst the countries with high pollution levels and has a relatively high CO2 intensity in its energy system.
It added that despite this, 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. The report suggested there was a ground for optimism regarding India despite the current outdated energy system not being ready for the transition because an enabling environment is being built to support the future transition.
Sweden remains on the top on this annual list and is followed by Switzerland and Norway in the top three. Among major economies, the UK is ranked 7th, Singapore 13th, Germany 17th, Japan 18th and the US 27th.