• The Fostering Effective Energy Transition 2021 report highlights global progress in tackling greenhouse gas emissions from energy generation.
  • More than than seventy% of tracked countries have made progress on free energy admission and security.
  • Only just thirteen out of 115 countries take made consistent improvements over the past 10 years.
  • Fossil fuels accounted for 81% of all power in 2018.
  • More than 770 million people still lack admission to electricity.

Sweden, Norway and Denmark have topped the World Economic Forum's latest Energy Transition Index (ETI).

Marking the 10th anniversary of the index, the Fostering Effective Free energy Transition 2021 study highlights the progress being made effectually the world to tackle greenhouse gas emissions from free energy generation – at a time when more than 770 one thousand thousand people yet lack reliable admission to electricity.

The ETI ranks 115 countries on their energy operation, including the resilience and efficiency of generation and transmission, and progress to cleaner forms of energy.

The top ten countries

a chart ranking countries on their energy performance

Sweden has the strongest free energy performance, with Norway, Denmark and Switzerland following closely backside.

Epitome: Fostering Effective Energy Transition 2021 edition

Sweden leads the global rankings, followed by Kingdom of norway and Denmark. The acme 10 countries account for effectually 2% of the global population and approximately 3% of free energy-related CO2 emissions.

While the summit 10 is made upwards exclusively of developed countries, the Great britain and France are the but major global economies to feature.

The highest-placed non-advanced economy is Latvia (12), which is classed every bit 'Emerging and Developing Europe'.

a diagram showing how to foster effective energy transition.

The study identifies means to increase the resilience of the energy transition

Paradigm: Fostering Effective Free energy Transition 2021 edition

Challenges remain

Fossil fuels are still the ascendant source of global energy, bookkeeping for 81% of all power in 2018. Reducing the reliance on coal, oil and gas is a necessary office of achieving vital climate objectives such every bit the UN'due south Sustainable Development Goals and the Paris Agreement.

Over the past 10 years of the ETI, more 70% of tracked countries have made progress on energy access and security, but but xiii of the 115 accept fabricated consistent gains, the report says, noting that more than needs to be done to improve the robustness of supplies to newly electrified areas.

A diagram of the energy transition over the past decade

The energy transition over the past decade.

Prototype: Fostering Effective Energy Transition 2021 edition

Assessing resilience

The written report outlines three key focus areas to increase the resilience of the energy transition. These are:

1. Deliver a just transition for all

The shift to lower-carbon forms of energy must non undermine economical and financial security. Policymakers need to put in place measures that will support their economies, including re-evaluating energy policy and investment decisions.

energy, mining, metals, blockchain

What is the Globe Economic Forum doing to help companies reduce carbon emissions?

Corporate leaders from the mining, metals and manufacturing industries are irresolute their arroyo to integrating climate considerations into complex supply chains.

The Forum's Mining and Metals Blockchain Initiative, created to accelerate an industry solution for supply chain visibility and environmental, social and corporate governance (ESG) requirements, has released a unique proof of concept to trace emissions beyond the value chain using distributed ledger technology.

Adult in collaboration with manufacture experts, it non but tests the technological feasibility of the solution, but also explores the complexities of the supply chain dynamics and sets requirements for time to come data utilization.

In doing so, the proof of concept responds to demands from stakeholders to create "mine-to-marketplace" visibility and accountability.

The World Economical Forum's Mining and Metals community is a high-level grouping of peers dedicated to ensuring the long-term sustainability of their industry and society. Read more than well-nigh their work, and how to join, via our Bear on Story.

ii. Accelerate electrification and get beyond

Decarbonizing energy systems can merely be accomplished through increased funding for research and development, along with amend cross-sector collaboration. These will be the well-nigh effective routes to the scaling up of renewable free energy sources.

3. Double-down on public-private sector collaboration

Annual investment in clean free energy and free energy efficiency needs to increase past a gene of half dozen by 2050, according to the UN Intergovernmental Panel on Climate change (IPCC). More collaboration between the public and private sectors is needed. That should include take a chance-sharing to attract long-term investments.