The first edition of the Fostering Effective Energy Transition report, prepared with analytical support from McKinsey & Company, is part of the World Economic Forum System Initiative on Shaping the Future of Energy. The report Fostering Effective Energy Transition: A Fact-Based Framework to Support Decision-Making introduces the “Energy Transition Index”, which builds upon the previous series of “Global Energy Architecture Performance Index” by adding a forward looking element of country readiness for energy transition. The index benchmarks 114 countries on the current level of their energy system performance, and the readiness of their macro environment for transition to a secure, sustainable, affordable and inclusive future energy system. The fact-based framework and rankings are intended to enable policy makers and businesses to identify the destination for energy transition, identify imperatives, and align policy and market enablers accordingly.
Read the full paper here.