India at 90th rank in terms of energy security, access: WEF
ndia has been ranked at the 90th place in a list of 126 countries compiled by WEF on the basis of their ability to deliver secure, affordable and sustainable energy, which was topped by Switzerland.
The latest Global Energy Architecture Performance Index Report, explored the energy architecture of 126 countries based on their ability to provide energy access across three dimensions of the “energy triangle” – affordability, environmental sustainability, security and access.
The list was topped by Switzerland followed by Norway and Sweden in the second and third place, respectively.
Others in the top 10 include France (4th), Denmark (5th), Austria (6th), Spain (7th), Colombia (8th), New Zealand (9th) and Uruguay (10th).
Among the BRIC nations, Brazil was the top performer as it was ranked at the 25th place, followed by Russia (52nd), India (90th), China (94).
Regarding India, the report noted that it is “facing a vast array of challenges in the power sector in order to meet its growth targets”.
Nevertheless, electrification appears to have progressed. The proportion of the population covered having grown over the past six years by 4 percentage points to 79 per cent, it said.
“The need to become more energy-efficient, more diverse and less carbon-intensive is especially acute for major emerging economies, making it critical to progress with government responses to these pressures through energy reform,” it added.
Meanwhile, major global economies continued to perform “less well” on the index with the exception of France which was placed at the 4th place.
Among other major economies Germany was ranked at the 24th place, while the United States was at the 48th rank and Japan was at the 50th rank.
The report prepared in collaboration with Accenture, noted that large emerging economies are pressed both by the need to support economic growth and build resilient and sustainable energy architecture.