A recent World Economic Forum (WEF) report has found that despite the progress numerous countries have made in the energy transition race over the last decade, several factors have slowed down the world’s transition to renewables over the past 12 months. The report noted that geopolitical tensions, technological shifts and economic volatility have had a negative impact on the global-energy transition and hindered its progress in the past year.
An estimated 83% of the 120 countries followed by the Energy Transition Index (ETI) lost ground in at least one dimension of energy-system performance (equity, security and sustainability) compared to 2023. The Fostering Effective Energy Transition 2024 report found that while the…
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