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What is the rank of India in the Energy Transition Index released by the World Economic Forum?
A)
51st
B)
59th
C)
67th
D)
73rd

Correct Answer :   67th


The World Economic Forum on June 28, 2023 ranked India at the 67th place globally on its Energy Transition Index and said it is the only major economy with energy transition momentum accelerating across all dimensions.

Sweden topped the list and was followed by Denmark, Norway, Finland and Switzerland in the top five on the list of 120 countries.

Releasing the report published in collaboration with Accenture, the WEF said the global energy transition has plateaued amid the global energy crisis and geopolitical volatilities, but India is among the countries that have made significant improvements.

"For example, despite continued economic growth, India has successfully reduced the energy intensity of its economy and the carbon intensity of its energy mix, while achieving universal energy access and effectively managing affordability of electricity," the WEF added.

Achieving universal access to electricity, replacing solid fuels with clean cooking options and increasing renewable energy deployment have been primary contributors to the improvement of India's performance.

India also emerged relatively less affected from the recent energy crisis, largely due to the low share of natural gas in power generation and increased use of existing generation capacities.

Besides India, Singapore is the only other major economy showing "true momentum by advancing sustainability, energy security and equity in a balanced way," the WEF said.

France (7) was the only G20 country in the top 10, followed closely by Germany (11), the U.S. (12), and the U.K. (13).

The WEF said that out of 120 countries, 113 have made progress over the last decade but only 55, including India, have improved their scores by more than 10 percentage points..

Source : The Hindu

Published On : June 28, 2023
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