The World Economic Forum ranked India 67th in the world on its Energy Transition Index, stating that it is the only major economy whose energy transition momentum is accelerating across all dimensions.
Why In The News?
- The World Economic Forum Ranked India At 67th Place Globally On Its Energy Transition Index And Said It Is The Only Major Economy With Energy Transition Momentum Accelerating Across All Dimensions.
Highlights Of The Report
- Sweden Topped The List And Was Followed By Denmark, Norway, Finland And Switzerland In The Top Five On The List Of 120 Countries.
- The Report, Developed In Collaboration With Accenture, Highlights India’s Significant Improvements In Achieving A Secure And Sustainable Energy Transition, Reducing Energy And Carbon Intensity, Increasing Renewable Energy Deployment And Attaining Universal Access To Electricity.
- The WEF Has Highlighted That The Worldwide Shift Towards Sustainable Energy Has Reached A Standstill Due To The Ongoing Global Energy Crisis And Unpredictable Geopolitical Circumstances. Nevertheless, India Stands Out Among The Countries That Have Made Noteworthy Advancements In This Area.
India’s Performance In ETI 2023
- India’s Energy Transition Has Garnered International Recognition For Its Accelerated Progress Across All Dimensions. The Report Emphasizes India’s Commitment To Building A Secure And Sustainable Energy Future Despite Continued Economic Growth.
- One Of India’s Notable Achievements Is The Achievement Of Universal Access To Electricity. By Replacing Solid Fuels With Cleaner Cooking Options, India Has Improved The Quality Of Life For Its Citizens While Reducing The Environmental Impact Of Energy Consumption.
- India’s Energy Transition Journey Highlights Significant Strides In Reducing Energy Intensity And Carbon Intensity. Through The Implementation Of Energy-efficient Measures And The Adoption Of Cleaner Technologies, India Has Successfully Decoupled Its Economic Growth From Energy Consumption And Reduced Its Carbon Footprint.
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