India has climbed two spots to rank at 76 out of 115 economies in the World Economic Forum’s (WEF) global energy transition index. The index benchmarks 115 countries on the current level of their energy system performance, and the readiness of their macro environment for transition to a secure, sustainable, affordable and inclusive future energy system.
As per the ‘Fostering Effective Energy Transition report’ which is part of the World Economic Forum’s System Initiative on Shaping the Future of Energy, India is amongst the countries with high pollution levels and has a relatively high CO2 intensity in its energy system. 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.
Further, the country has scored low in terms of system performance (ranking 97 and 86, respectively), while it ranks considerably higher when it comes to readiness (45 and 61, respectively). Overall, India has moved up two places from 78th last year.