India slips on Energy Transition Index

Helped by significant improvement in energy efficiency and investment capacity, India has been ranked 71st on a global Energy Transition Index released on Wednesday by the World Economic Forum.

Sweden topped the list of 118 countries, followed by Finland, Denmark, Norway and Switzerland in the top five.

China was ranked 12th, the US was 17th and Pakistan at 101st place. Congo was ranked lowest.

While India's rank has fallen from 63rd last year, the WEF said India and China experienced the greatest overall improvement among large economies, especially in increasing access to energy and strengthening transition readiness.

The WEF said the top five largest economies — China, the US, EU, Japan and India — will ultimately determine the pace and direction of the global energy transition due to their sheer size.

Together, they account for around half of the global GDP, population and total energy supply (TES), and also nearly two-thirds of global emissions, giving them an outsized influence through their consumption patterns, investment flows and policy choices.

Over the past decade, India has made significant strides in increasing equity through greater access to energy and clean fuels, while also improving energy regulations and investment in renewable and other clean-energy technologies.

India also made progress in lowering energy intensity and CH4 emissions, creating more favourable regulations.