One June 19th, the World Economic Forum (WEF) published the Energy Transition Index (ETI) 2024 rankings.

The Energy Transition Index (ETI) is an assessment of the current energy system performance and transition status based on 46 indicators of countries that are selected based on the availability of consistent indicator data. Among the selected 120 countries, Japan was ranked 26th. The WEF pointed out that there has been notable progress in energy efficiency and a marked increase in the adoption of clean energy sources, and the transition to a more equitable, secure, and sustainable energy system is underway, but that the overall momentum is slowing.

In the 2024 ETI rankings, Sweden was ranked on top, followed by Denmark and Finland. The top 10 has been led by European countries, but the report showed that the gap in ETI scores between advanced and developing continues is narrowing. Additionally, global average ETI scores reached a record high in 2024. However, 83% of countries achieved lower scores than last year on at least one of the primary performance dimensions of the energy transition (sustainability, equity, and security).

Japan was ranked 26th due to the fact that its share of renewable energy is still only just over 20%, and because coal-fired power generation, a major source of carbon dioxide (CO2) emissions, continues to account for a large share of its power generation.

The report emphasizes that “the world remains off-track to meet net-zero ambitions by 2050 and limit global warming to no more than 1.5C” and requests global decision-makers to make bold moves to regain momentum in the transition towards an equitable, secure and sustainable energy future.

Related information

Press Release:Energy Transition Momentum Slowing amid Rising Global Volatility, New Report Finds
Report download: Fostering Effective Energy Transition 2024 (Link)

Written/Published: World Economic Forum
Published: June 19, 2024