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Thu, 14th May 2020 12:26:00 |
EGEB: Here are the top 10 countries leading the move to green energy |
Top 10 renewable transition leaders
The World Economic Forum has released the Energy Transition Index 2020, a "a fact-based ranking intended to enable policy-makers and businesses to plot the course for a successful energy transition." The index analyzes the energy sectors of 115 countries.
Europe is clearly leading the world in the transition to renewables. The 10 countries most prepared for the energy transition are, with 1 being the best:
Sweden
Switzerland
Finland
Denmark
Norway
Austria
United Kingdom
France
Netherlands
Iceland
The UK and France are the only two G20 economies in the top 10. The progress of the US, ranked 32nd, has been impeded by policy decisions. China is ranked 78th, and "currently has the world's largest solar PV and onshore wind capacity." However, China is also the largest producer and consumer of coal in the world. Argentina, India, and Italy have shown consistent strong improvements annually.
This year's report is unusual, as the COVID-19 pandemic has thrown up some new factors:
The erosion of almost a third of global energy demand
Unprecedented oil price volatilities and subsequent geopolitical implications
Delayed or stalled investments and projects
Uncertainties over the employment prospects of millions of energy?sector workers
But the need for sustainable energy has never been greater as climate change continues to loom.
Read original full article
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