2nd April 2023

Confidant Classes

Competitors' very first choice

Home | Edu NEWS | The Energy Transition Index 2020

The Energy Transition Index 2020

India climbed two positions to rank 74 on a global “energy transition index” with improvements in all key parameters of economic growth, energy security and environmental sustainability. In its report, the said its study measuring readiness for the transition to clean energy in 115 economies showed that 94 have made progress since 2015, but environmental sustainability still lags behind.

Highlights

  • Sweden has passed the Energy Transition Index (ETI) for the third consecutive year, followed by Switzerland and Finland in the top three.
  • France (in eighth place) and the United Kingdom (in seventh place) are the only G20 countries in the top ten.
  • “Emerging demand centers” such as India (74) and China (78) have made constant efforts to improve the enabling environment, which refers to political commitments, participation and consumer investment, innovation and infrastructure, among others.
  • In the case of China, air pollution problems have resulted in policies to control emissions, electrify vehicles, and develop the world’s largest capacity for onshore and photovoltaic (PV) wind turbines.
  • For India, result comes out from a government-mandated renewable energy expansion program, which will now expand to 275 GW by 2027. India has also made significant progress in energy efficiency through Bulk purchase of LED bulbs, smart meters and labeling programs for household appliances. Similar measures are underway to reduce the costs of electric vehicles,

The said the coronavirus pandemic is at risk of reversing recent progress in the clean energy transition, with unprecedented declines in demand, price volatility and pressure to quickly ease socioeconomic costs, questioning the trajectory short-term transition. Policies, roadmaps and governance frameworks for energy transition at national, regional and global levels need to be more robust and resilient against external shocks,

Covid-19 has forced companies from all sectors to adapt to business disruption, changing demand and new ways of working, and governments have introduced economic stimulus packages to help mitigate these effects. If implemented with long-term strategies in mind, they could also accelerate the transition to clean energy, helping countries to step up their efforts towards sustainable and inclusive energy systems.

Global findings of this report

  • The index compares 115 economies in the current performance of their energy systems in the areas of economic development and growth, environmental sustainability and energy security and access indicators, and their readiness for the transition to safe, sustainable, affordable and inclusive energy systems.
  • The results for 2020 show that 75 per cent of countries have improved their environmental sustainability. This progress is a result of multifaceted, incremental approaches, including pricing carbon, retiring coal plants ahead of schedule and redesigning electricity markets to integrate renewable energy sources.
  • The most significant overall progress is observed in emerging economies, with the average ETI score for the top 10% countries which has remained constant since 2015, indicating an urgent need for innovative solutions, threatened by COVID-19.
  • The report indicates that the scores for the United States (32), Canada (28), Brazil (47) and Australia (36) were stagnant or declining. In the United States, headwinds have been linked primarily to the political environment, while in Canada and Australia, the challenges lie in balancing the energy transition and economic growth, given the role of the energy sector in their economy.
  • The fact that only 11 out of 115 countries have constantly improved the ETI scores since 2015 shows the complexity of the energy transition. Argentina, China, India and Italy are among the main countries with constant annual improvements. Others, such as Bangladesh, Bulgaria, the Czech Republic, Hungary, Kenya and Oman have also made significant progress over time.
  • On the other hand, scores for Canada, Chile, Lebanon, Malaysia, Nigeria and Turkey have declined since 2015. The US ranks outside the top 25 per cent for the first time, primarily due to the uncertain regulatory outlook for energy transition.

More Colleges to Consider CUET for PG Admissions

CUET PG 2023: Applicants will be able to check changes, addition of courses, universities on the official website: cuet.nta.nic.in. Representation…
Read More

CUET UG 2023: Today the edit application window opens, steps to edit the online form

2023: NTA will activate the link of the edit application window on the official website today: cuet.samarth.ac.in. CUET…
Read More

CUET LLB 2023

CUET LLB 2023 – The National Testing Agency has announced the dates for the Common University Access Test (CUET) 2023….
Read More

CUET UG 2023 | list of changes introduced this year

Secure-your-seat-in-DU 2023: From an increase in the number of exam places to the number of subjects offered and…
Read More

CUET UG 2023 Registration Application process to begin tonight

2023 Registration process will Live tonight at cuet.samarth.ac.in: NTA will start the registration process for CUET UG 2023…
Read More

List of State Governments that Grant Educational Loans for Study Abroad

Study-Abroad Whether it is in Canada, the US, Australia or even the Ukraine, studying abroad is a difficult task to…
Read More

UGC NET December 2022: NTA sets upper age limit for JRF

UGC NET December 2022 The NTA has decided that the deadline for determining the upper age limit for applying for…
Read More

Foreign Universities Indian Campuses

Foreign-Universities-Indian-Campuses All foreign universities opening their branches in India will be able to conduct courses offline only. UGC Chairman, Mr….
Read More

GUJCET 2023

GUJCET-2023 Gujrat Common Entrance Test (GUJCET) 2023, Registration starts on 6th January 2023. Interested candidates can check the eligibility criteria…
Read More

LSAT-India January 2023

LSAT-India January 2023: The deadline to register for LSAT-India is 11 January 2023. Candidates can register at pearsonvueindia.com LSAT-India January…
Read More

About Post Author

error

Enjoy this? Please spread the word :)