India ranked 63rd in the World Economic Forum’s Energy Transition Index, showing advancement in energy security, equity, and sustainability. Countries of Europe took the top spots in the list, with Sweden being the leader followed by Denmark, Finland, Switzerland, and France were in the top five.
China was ranked in the 20th position. According to WEF, India and developing countries like China and Brazil have shown remarkable improvement whereas many countries saw a setback globally. 83 percent of the countries have lacked behind in the past year in at least one energy systems performance dimension – security, equity, and sustainability.
India’s ranking signifies a positive increase in the energy sector. These developments include a major focus on renewable energy sources, energy efficiency, and ensuring energy security. India’s commitment to sustainable energy is making positive impacts on the nation’s future. Even the World Economic Forum (WEF) is considering India’s innovative initiatives for green energy transitions. WEF suggests that countries should consider India’s policies which can be replicated.
China and India being the countries with the largest population are the top players in the clean energy future globally, according to WEF. Both nations have made absolute progress in renewable energy, energy access, and energy security. However, countries still need to work on reducing coal usage and production of emissions. Whereas, green technology seems to boost in the upcoming time for China and India.
India became the fourth largest country in the renewable market globally which includes its progress in clean energy infrastructure with renewable energy and biomass comprising 42 percent of its power generation capacity. With an investment of $10 billion, India is set to adopt Electric vehicles (EVs) and produce more green hydrogen.
Though the country is initiating many schemes and subsidies for people to avail affordable renewable energy for a better and green future, yet, the government is trying to invest significantly to improve energy efficiency for a sustainable future.
