Energy Transition Index Shows Progress Plateaued

Plateaued Progress

After a decade of progress, the global energy transition has plateaued, according to a new report from the World Economic Forum. The report, which benchmarks countries on their energy system performance and transition readiness, found that the world is not on track to meet the goals of the Paris Agreement.

Key Findings

The report found that Sweden, Denmark, Finland, and Switzerland are the top performers in the energy transition. These countries have made significant progress in reducing their greenhouse gas emissions and increasing their use of renewable energy. However, the report also found that progress has slowed in many other countries, and some countries are even moving backwards.

The report highlights the challenges and opportunities for the energy transition in a volatile and uncertain environment. The report calls for increased investment in renewable energy and energy efficiency, as well as policies that support the transition to a low-carbon economy.

The World Energy Transitions Outlook presents a pathway for the world to achieve the Paris Agreement goals and limit global warming to well below 2 degrees Celsius. The report recommends a number of policy measures, including increasing investment in renewable energy, energy efficiency, and carbon capture and storage. The report also calls for a global carbon price and a phase-out of fossil fuels.

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