India ranks 63rd on Energy Transition Index, Sweden on top: WEF

India ranks 63rd on Energy Transition Index, Sweden on top: WEF

Daily Current Affairs   /   India ranks 63rd on Energy Transition Index, Sweden on top: WEF

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Category : Miscellaneous Published on: June 21 2024

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  • India has been ranked 63rd on a global Energy Transition Index released on June 19 by the World Economic Forum.
  • European nations dominated the top ranks with Sweden topping the index, followed by Denmark, Finland, Switzerland and France in the top five. China was ranked 20th.
  • The report highlights the critical role of India and China in the global energy transition. Together, these countries account for approximately one-third of the global population and their policies and progress significantly impact the global energy landscape. China has been ranked 20th on the Index.
  • The WEF report notes that 107 out of 120 countries have made progress in their energy transition over the past decade. 
  • However, the overall pace has slowed due to economic volatility, geopolitical tensions, and technological shifts.
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