India at 90th rank in terms of energy security

India at 90th rank in terms of energy security

About WEF:
Established in 1971, World Economic Forum (WEF) is a public private cooperation which is committed to improving the state of the world by engaging business, political, academic and other leaders of society.

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  • Headquarter – Cologny, Switzerland
  • Chairman – Klaus Schwab

In accordance with the Global Energy Architecture Performance Index Report compiled by WEF, India has been ranked at the 90th place in a list of 126 countries.

  • The report prepared in collaboration with Accenture.

The countries have been ranked on the premises on their ability to provide energy access across three dimensions of the “energy triangle” i.e. affordability, environmental sustainability &security and access.

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  • India has been ranked at the 90th place in a list of 126 countries compiled by WEF on the basis of their ability to deliver secure, affordable and sustainable energy.
  • The latest Global Energy Architecture Performance Index Report, explored the energy architecture of 126 countries based on their ability to provide energy access across three dimensions of the “energy triangle” — affordability, environmental sustainability, security and access.
  • The list was topped by Switzerland followed by Norway and Sweden in the second and third place, respectively.
  • Others in the top 10 include 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“.
  • 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.
  • The report prepared in collaboration with Accenture, noted that large emerging economies are pressed both by the need to support economic growth and build resilient and sustainable energy architecture.
  • As per IEA’s World Energy Outlook 2015, by 2040, China’s net oil imports will be nearly five times those of the United States, while India’s will easily exceed those of the EU.