Тhe overall pace of the global energy transition has slowed down in the past year due to economic volatility, geopolitical tensions, and technological shifts, even though most countries have made progress over the past decade, according to a new report by the World Economic Forum (WEF). European countries lead the WEF Energy Transition Index 2024 rankings, with Sweden at the top, followed by Denmark, Finland, Switzerland, and France.
Of the 120 countries tracked by the Energy Transition Index (ETI), 83% have moved backwards from last year in at least one of the three energy system performance dimensions – security, equity and sustainability, according to the 14th annual edition of the WEF’s report, called Fostering Effective Energy Transition 2024.
Global average ETI scores have reached a record high, but the slowdown in the pace of the global energy transition, first spotted in 2022, has intensified in…
