Info-paedia : Energy Transition Index 2023

Info-paedia : Energy Transition Index 2023

Context -

  • India is ranked 67th globally on the Energy Transition Index (ETI) by the World Economic Forum (WEF).

Objective-

  • The index evaluates countries based on their energy system performance and readiness for a secure, sustainable, and inclusive energy transition.

Top Positions-

  • Sweden, Denmark, Norway, Finland, and Switzerland occupy the top five positions on the index. Only 41 countries have shown steady progress over the past decade.

Key Features of report -

  • India is the only major economy with accelerating momentum in all dimensions of energy transition.
  • India's progress can be attributed to universal electricity access, clean cooking options, and renewable energy deployment.
  • Challenges for India include import dependence, a carbon-intensive energy mix, and the need to balance economic growth with job creation.
  • To achieve long-term energy transition goals, India needs sustained momentum, Promoting clean energy investments, investing in low-carbon technology research, effective policy management, and partnerships.