Country Transition and Benchmarking is one of the challenges identified by the World Economic Forum Platform for Shaping the Future of Energy and Materials.
The world’s transition to secure, affordable, reliable and sustainable energy has stalled, with little or no progress achieved in the past five years. Accelerating energy transition requires faster progress on all fronts, including research and deploying technology, investment, individual-level participation, and formulating and implementing effective policy. Given the scale and complexity of energy transition, and its interdependencies across different systems, no stakeholder group or organization can tackle this challenge alone.
This initiative aims to increase the speed of adoption of effective public policies and corporate decisions and to facilitate collaboration across energy ecosystem actors, accounting for existing interdependencies.
· Energy transition index
The index provides a framework to benchmark and support countries in their energy transition efforts considering their current energy system performance, and the readiness of their macro-economic, social and regulatory environment for energy transition. The index benchmarks 115 countries across 40 indicators. The most recent edition of the index was launched in May 2020, with in-depth commentary on the near term imperatives for energy transition post COVID-19. The next edition will be published in Q1 2021.
· Global Energy Transition Dialogue Series
This workstream will leverage insights from Energy Transition Index, and other initiatives from Forum's platforms to engage with policy makers and key energy stakeholders in countries to foster sharing of best practices on accelerating the energy transition. In 2020, the Forum convened energy sector stakeholders at the highest levels in Malaysia, Thailand, Japan, China, Pakistan, and Brazil for dialogues on local energy transition priorities and challenges, and best practices to leverage economic recovery to leapfrog in energy transition.