Recently, the World Economic Forum positioned India at 67 place among 120 countries in the ‘Energy Transition Index’ (ETI).
About the Energy Transition Index
- Released by: The World Economic Forum (WEF) in collaboration with Accenture
- The report titled: Fostering Effective Energy Transition 2023″
- Month & Year: June, 2023
- Objective: Through this effort, the WEF encourages the sharing of best practices and the use of its platform for effective public-private collaboration to facilitate the energy transition process around the world.
||120. Yemen, Rep
||119. Congo, Den, Rep
|India’s Position 67th
ETI in India’s Perspective
- The index states that India is the only major economy with energy transition momentum accelerating across all dimensions.
- In addition to India, Singapore is the only other significant economy addressing justice, sustainability, and energy security in a balanced manner, according to the WEF.
- In 2021, India was at the 87th position among 115 countries.
|In (COP26) to the UNFCCC held in Glasgow, United Kingdom, India presented the following five nectar elements (Panchamrit) of India’s climate action :
- Reach 500GW Non-fossil energy capacity by 2030.
- 50 per cent of its energy requirements from renewable energy by 2030.
- Reduction of total projected carbon emissions by one billion tonnes from now to 2030.
- Reduction of the carbon intensity of the economy by 45 per cent by 2030, over 2005 levels
- Achieving the target of net zero emissions by 2070.