In March last year, the World Economic Forum (WEF) launched the fifth edition of their Energy Transition Index (ETI), ranking 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability.
Yesterday, the World Economic Forum (WEF) launched the fifth edition of their Energy Transition Index (ETI), ranking 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability.
Recently, the United Nation’s (UN) Intergovernmental Panel on Climate Change (IPCC) released a report which warns that the world could face an imminent climate change crisis if there are no efforts made to reverse it. The IPCC report mentioned that unless emissions are halved within 12 years and virtually eliminated by 2050, temperature increases will likely exceed two degrees Celsius.Among the key steps that need to be taken to reduce global emissions is to transition to renewables.
