World Economic Forum’s Fostering Effective Energy Transition report

The World Economic Forum recently released the “Fostering Effective Energy Transition 2024” report, utilizing the Energy Transition Index (ETI) which evaluates 120 countries based on their energy system performance.

Key Findings:

• Sweden, Denmark, Finland, Switzerland, and France lead the ETI rankings, showcasing superior energy system performance.
• Clean energy investments have surged to $1.8 trillion in 2023, yet about 90% of this growth since 2021 has occurred in advanced economies and China.
• Among the G20 economies, six are featured in the ETI top 20, including France, Germany, Brazil, China, the UK, and the US, with India ranking 63rd.
• Eight countries, including Bhutan, Comoros, Gabon, Guyana, Madagascar, Niue, Panama, and Suriname, have achieved net-zero emissions.
• The application of generative AI in energy systems is projected to generate over $500 billion in annual savings for companies.