Mer positioned in 3 of the leading countries within energy transition
Reflecting the changes and fostering understanding
On April 20th, Word Economic Forum (WEF) launched the report “Fostering Effective Energy Transition 2021” – which marked the 10th anniversary of the Energy Transition Index (ETI). The purpose of the index, is to reflect the changes in the global energy landscape and to foster understanding of the perfomance and readiness of energy systems across countries for transition. An effective energy transition can befedined as a timely transition towards a more inclusive, sustainable, affordable and secure energy system that provides solutions to global energy-related challenges, while creating value for business and society, without comprimising the balance of energy triangle (WEF, 2021).
Nordic countries, including Sweden, Norway and Denmark, have maintained their leading position of the Energy Transtition Index (ETI), driven by strong progress in environmental sustainability."
WEF, Effective Energy Transition Report, 2021
Commonalities for top ranked countries
The top 3 countries leading the way for effective energy transition, is Sweden (1), Norway (2) and Denmark (3) – due to their strong improvements in environmental sustainability, specifically in decreasing the carbon intensity of their energy mix, supported by strong political commitment and investments in the energy transition. The United Kingdom (7), France (9) and Germany (18) are the only G20 countries in the top 20. Eight out of the 10 largest economies have pledged net-zero goals by mid-century.
The commonalities for the top 10 countries were:
- Low levels of fossil fuel subsidies
- Enhanced energy security from a diversity of fuel mix and import partners
- Improving carbon intensity
- Reduced dependence on fossil fuels in the energy mix
- A strong regulatory environment to drive the energy transition
An important sucess factor for transtition
The report from WEF makes emphasize on the incentives for consumers to be an important part of successful and resilient transition, highlighting Norway’s governmental drive to adopt EV’s. By declaring ICE-ban from 2025, incentives for the purchase of zero-emission vehicles (0% VAT), exemptions of toll for EV’s and the installation of accessible, efficient charging infratructure – Norway has fostered an eco-conscious society that sees EVs as a preferred choice.