The World Economic Forum has released the Energy Transition Index.
India has been ranked 63rd on the Global Energy Transition Index.
Sweden has topped the Index, and Denmark, Finland, Switzerland and France are in the top five of the Index.
In the report, 107 out of the 120 countries demonstrated progress in energy transition journeys in the past decade.
Over the last decade, populous countries like India and China showed an 8% improvement in the Energy Transition Index.
With an annual investment of around $10 billion, India is driving the adoption of electric vehicles (EVs) and the production of green hydrogen.
WEF also highlighted India’s focus on using energy for income generation and supporting microenterprises through the productive use of renewable energy sources.
WEF lauded India’s efforts in clean energy infrastructure, with renewable energy and biomass contributing 42% of its power generation capacity.
As per the report, the energy transition for a more equitable, secure and sustainable energy system has lost momentum due to increasing uncertainty worldwide.
