Call Us Now

+91 9606900005 / 04

For Enquiry

Energy Transition Index 2023


Recently, the World Economic Forum (WEF) has ranked India at the 67th place globally on its Energy Transition Index (ETI).


GS III: Indian Economy

Dimensions of the Article:

  1. Energy Transition Index
  2. Key highlights of the Energy Transition Index
  3. Contributors to India’s energy transition progress
  4. Recommendations

Energy Transition Index:

  • The index assesses the energy transition progress of 120 economies.
  • India stands out as the only major economy with accelerating momentum in all dimensions of energy transition.
  • Singapore is another major economy showing significant momentum by advancing sustainability, energy security, and equity in a balanced manner.
  • The index evaluates the current performance of energy systems based on economic development, environmental sustainability, energy security, and access indicators.
  • It also considers the readiness of economies to transition to secure, sustainable, affordable, and inclusive energy systems.

Key highlights of the Energy Transition Index

  • Sweden secured the top position, with Denmark, Norway, Finland, and Switzerland following closely in the top five.
  • France was the only G20 country in the top 10, with Germany, the U.S., and the U.K. also ranking high.
  • Global average ETI scores have increased by 10% since 2014 but have shown limited growth in the past three years.
  • Only 41 countries have consistently made progress in the past decade towards energy transition.

Contributors to India’s energy transition progress:

  • Achieving universal electricity access, improving clean cooking options, and increasing renewable energy deployment.
  • Effective utilization of existing capacities and a low reliance on natural gas, which helped India withstand recent energy crises.
Concerns and challenges:
  • Rising import dependence and volatility in the global energy market.
  • Predominantly carbon-intensive energy mix.
  • Balancing economic growth with the need for creating quality jobs for the growing working-age population.


  • Sustained momentum, effective policy management, and partnerships are crucial for achieving long-term energy transition goals.
  • Promoting clean energy investments, innovation, and energy efficiency while ensuring inclusivity.
  • Building a skilled workforce and fostering public-private collaboration.
  • Investing in low-carbon technology research and development for a successful energy transition in India.

About World Economic Forum (WEF)

  • The World Economic Forum is the International Organization for Public-Private Cooperation.
  • It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests.
  • The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance.

Major reports published by WEF:

  • Energy Transition Index.
  • Global Competitiveness Report.
  • Global IT Report (WEF along with INSEAD, and Cornell University)
  • Global Gender Gap Report.
  • Global Risk Report.
  • Global Travel and Tourism Report.

-Source: The Hindu

December 2023