Apr 26, 2021
The global energy transition has crossed many milestones over the past decade, surpassing most expectations. Thanks to technological innovation, entrepreneurship and risk-taking by policymakers and businesses, the installed capacity grew sevenfold for solar PVs and threefold for onshore wind turbines since 2010.
Once considered a pipe dream, the share of renewable energy in the electricity mix is higher than fossil fuels in some countries. The past decade has also seen the number of people without access to modern forms of energy significantly decline.
But, there is still a long way to go. As of 2019, 81% of the world primary energy supply was still based on fossil fuels. And while the share of coal in the electricity mix has been steadily declining, the volume of electricity produced from coal has increased in absolute terms primarily in regions with rising energy demand.
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The global energy transition has crossed many milestones over the past decade, surpassing most expectations. Thanks to technological innovation, entrepreneurship and risk-taking by policymakers and businesses, the installed capacity grew sevenfold for solar PV, and threefold for onshore wind since 2010. Once considered a pipe dream, the share of renewable energy in the electricity mix is higher than fossil fuels in some countries. But, there is still a long way to go. Analysis from a decade of benchmarking data from the World Economic Forum’s Energy Transition Index 2021 indicates that only 10 per cent of the 115 countries analysed maintained a steady upward trajectory toward energy transition. India ranks 87th on the index.
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The top 10 countries in the World Economic Forum’s Energy Transition Index for 2021. Image: WEF
Despite dozens of net-zero targets being announced and deployment of renewable energy ramping up globally over the past year, just 10% of countries have shown “steady and consistent” progress in their energy transition plans, according to a new report from the World Economic Forum (WEF).
WEF said in its latest Energy Transition Index (ETI) that the global effort to move to clean energy sources “needs to increase its momentum” in order to meet targets set out in the Paris Agreement and UN’s Sustainable Development Goals.
SA scores badly in WEFâs Energy Transition Index
By Dineo Faku
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JOHANNESBURG - SOUTH Africa was ranked 110 out of 115 countries in the World Economic Forumâs Energy Transition Index (ETI) published this week reflecting the slow progress towards a sustainable and affordable energy system.
The 2021 edition of the report, titled Fostering Effective Energy Transition, ranked 115 countries according to their readiness for a just transition based on economic development and growth, energy security as well as environmental sustainability.
The term just transition is commonly defined as the move towards an environmentally sustainable economy while contributing to the goals of decent work for all, social inclusion and the eradication of poverty.