What is a primary focus area of the Global Energy Transition Index?
Show answer & explanation
Correct answer: C
Explanation
Answer: Energy security, sustainability, and equity.
Explanation:
- The Global Energy Transition Index focuses primarily on three pillars, often referred to as the 'Energy Triangle': energy security, environmental sustainability, and energy equity. This index measures how effectively a country is steering its current energy sector toward a more secure, affordable, and clean energy future.
- This index is published by the World Economic Forum. 'Energy equity' implies that energy should be affordable and accessible to all sections of society; 'energy security' focuses on ensuring a continuous supply of energy; and 'sustainability' aims to reduce carbon emissions by adopting renewable sources (such as solar and wind energy). The index ranks countries based on the performance of their energy systems and their readiness for the transition.
Additional Points:
- Issuing Body: World Economic Forum (WEF).
- India's Position (2024 Report): India has demonstrated improvement in the 2024 Energy Transition Index, securing the 67th position. India's commitment to clean energy and its growth in renewable energy capacity have been commended in this report.
- Top Countries: Typically, Nordic nations such as Sweden, Denmark, and Norway consistently occupy the top spots in this index.
Potential Exam Questions and Answers:
Question: Which organization publishes the Energy Transition Index (ETI)?
Answer: World Economic Forum.
Question: What are the three main components of the 'Energy Triangle'?
Answer: Energy security, economic development (equity), and environmental sustainability.
Question: What was India's rank in the 2024 Energy Transition Index?
Answer: 67th.