Recently, the World Economic Forum (WEF) has released the annual rankings of the global Energy Transition Index. The index benchmarks 115 economies on the current performance of their energy systems across Economic development and growth, Environmental sustainability and energy security.
According to the recent report Sweden has topped the Index for the third consecutive year and is followed by Switzerland and Finland in the top three. Only 11 out of 115 countries have made steady improvements in ETI scores since 2015.
Argentina, China, India and Italy are among the major countries with consistent annual improvements.
India has moved up two positions to rank 74th with improvements in all three dimensions of the energy triangle namely Economic development and growth. Energy access and security, Environmental sustainability.
For India, gains have come from a government-mandated renewable energy expansion programme i.e. to add 275 GW by 2027. India has also made significant strides in energy efficiency through bulk procurement of LED bulbs, smart meters and programs for labelling of appliances. Similar measures are being experimented to drive down the costs of electric vehicles (EVs).