India 67th on Energy Transition Index: WEF

• Recently, the World Economic Forum released the Energy Transition Index

World Economic Forum

• The World Economic Forum (WEF) is a Swiss nonprofit foundation established in 1971, based in Geneva, Switzerland.
• Recognized as an international institution for public-private cooperation.
• Objective: Committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.
• Some major reports published by WEF are
  • Energy Transition Index.
  • Global Competitiveness Report.
  • Global Gender Gap Report.
  • Global Risk Report.

Energy Transition Index (ETI)

• It is an annual ranking by the WEF that tracks nations on the current performance of their energy systems across various aspects.
• It benchmarks 115 countries on the current performance of their energy systems across three dimensions:
  • Economic development and growth
  • Environmental sustainability
  • Energy security and access indicators
• The countries are also benchmarked based on their readiness to transition to secure, sustainable, affordable, and inclusive energy systems.

Prelims Takeaway

• Energy Transition Index (ETI)
• World Economic Forum