BANDAR SERI BEGAWAN, May 1 (Borneo Bulletin/ANN): The World Economic Forum has ranked Brunei in eighth spot among Asian countries in the Energy Transition Index (ETI) 2021 that has been officially published this week.
Globally, the Sultanate ranked 82nd among 115 countries, gaining an average score of 54 percentage points out of 100.
Nordic countries, including Sweden, Norway and Denmark, have maintained their leading positions on the ETI, driven by strong progress in environmental sustainability.
Other countries in the top 10 are Switzerland in fourth place, followed by Austria, Finland, the United Kingdom (UK), New Zealand, France and Iceland.
Only 13 out of 115 countries have made steady gains in ETI scores in the past decade, highlighting that progress has been uneven.
The energy transition requires a full transformation of the global energy, economic and social system, beginning now, as the next decade is crucial to delivering on climate goals.
As countries continue their progress in transitioning to clean energy, it is critical to root the transition in economic, political and social practices to ensure progress is irreversible, according to the latest edition of World Economic Forum’s Fostering Effective Energy Transition 2021 report.
In its 10th edition, the report – published in collaboration with Accenture – drew on insights from the ETI 2021.
The index benchmarks 115 countries on the current performance of their energy systems across the three dimensions of the energy triangle: economic development and growth, environmental sustainability, and energy security and access indicators – and their readiness to transition to secure, sustainable, affordable, and inclusive energy systems.
This year’s report used a revised ETI methodology, which took into account recent changes in the global energy landscape and the increasing urgency of climate change action.
“As we enter into the decade of action and delivery on climate change, the focus must also encompass speed and resilience of the transition.
"With the energy transition moving beyond the low hanging fruit, sustained incremental progress will be more challenging due to the evolving landscape of risks to the energy transition, ” said Head of Energy and Materials at the World Economic Forum Roberto Bocca. - Borneo Bulletin/ANN