India's energy system better than China, says WEF
The Global Energy Architecture Performance Index Report 2013, released on Tuesday, has ranked India at 62nd position.
London: India's energy system is better than that of neighbouring China in the context of an integrated economic, environmental and energy security perspective, according to the World Economic Forum (WEF). The Global Energy Architecture Performance Index Report 2013, released on Tuesday, has ranked India at 62nd position, much ahead of China which is placed at 74th spot.
The index measures the strengths and weaknesses of countries' energy systems from an integrated economic, environmental and energy security perspective, WEF said. Norway has the topped list that features 105 nations. Sweden is at the second place, followed by France (3), Switzerland (4), New Zealand (5), Colombia (6), Latvia (7), Denmark (8), Spain (9) and the United Kingdom (10).
The United States has cornered the 55th spot. Among the BRICS, Brazil (21), Russia (27) and South Africa (59) are ahead of India. The rankings took into account three major factors -- economic growth and development, environmental sustainability, and energy access and security.
"With clear objectives to achieve a balanced energy system that is environmentally sustainable, drives the economy and is secure, decision-makers should facilitate quicker and more cost effective transitions," Roberto Bocca, Senior Director, Head of Energy Industries at WEF, said.
The report, prepared in collaboration with Accenture, noted that many developing countries still struggle to supply citizens with basic energy needs.
The World Economic Forum is an independent international organisation that claims to be committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.