India has been ranked at the 90th place in a list of 126 countries in terms of Energy Security complied by World Economic Forum (WEF). The list is topped by Switzerland followed by Norway on the basis of the ability to deliver secure, affordable and sustainable energy. It was revealed by Global Energy Architecture Performance Index (GEAPI) and Report compiled by WEF.
Others in the top 10 include Sweden (3rd), France (4th), Denmark (5th), Austria (6th), Spain (7th), Colombia (8th), New Zealand (9th) and Uruguay (10th). Among the BRIC nations, Brazil was the top performer as it was ranked at the 25th place, followed by Russia (52nd), India (90th), China (94).
Regarding India, the report noted that it is facing a vast array of challenges in the power sector in order to meet its growth targets. Nevertheless, electrification appears to have progressed. The proportion of the population covered having grown over the past six years by 4 % points to 79 per %. The need to become more energy efficient, more diverse and less carbon intensive is especially acute for major emerging economies, making it critical to progress with government responses to these pressures through energy reform.
Among other major economies Germany was ranked at the 24th place, while the United States was at the 48th rank and Japan was at the 50th rank. World energy production and imports rose by 3,200 million tonnes of oil equivalent over the last decade, driven by the boom in the Asian economies and led by China and India.
The Report was prepared by GEAPI in collaboration with Accenture. It has explored the energy architecture of 126 countries. It is based on their ability to provide energy access across three dimensions of energy triangle such as affordability, security, environmental sustainability and access.
Extra Info :
WEF Headquarter : Cologny, Switzerland
Founder: Klaus Schwab
So lets discuss some questions related to this article which can be asked in the upcomng exams :
1. What is the rank of India in terms of Energy security complied by WEF ?
2. Expand the term WEF & GEAPI ?
3. Name the company which has prepared the report in the collaboration with GEAPI?
4.How many countries have taken in the consideration of the Global Energy Architecture Performance Index Report 2016 ?
Courtesy : The Hindu Business Line