Global Energy Transition Index 2024: India Ranks 63rd
| Aspect | Details |
|---|---|
| Global Energy Transition Index (2024) | Released by the World Economic Forum (WEF) on 19 June 2024. |
| India's Ranking | Ranked 63rd out of 120 countries, up from 67th in 2023. |
| Top-Ranked Country | Sweden (1st) |
| Other Top-Ranked Countries | Denmark (2nd), Finland (3rd), Switzerland (4th), France (5th). |
| China's Ranking | Ranked 20th. |
| Global Progress | 107 out of 120 countries showed progress in energy transition over the past decade. |
| India's Achievements | - Improved in energy equity, security, and sustainability.- 4th largest renewable energy market globally.Renewable energy and biomass constitute 42% of power generation capacity.Significant investments in electric vehicles and green hydrogen. |
| WEF Overview | - Founded in 1971 by Klaus Schwab.- Headquarters: Cologny, Switzerland.- Publishes reports like Global Gender Gap Report, Global Competitiveness Report, and Energy Transition Index. |
| Key Recommendations | Nations should replicate India's green energy transition policies.Efforts needed to reduce coal usage and emissions globally. |