On June 28, 2023, a World Economic Forum report released a
striking revelation about the global energy transition. After a
decade of remarkable progress, the transition has reached a
standstill due to the international energy crisis and widespread
geopolitical instabilities. The report, titled 'Fostering
Effective Energy Transition 2023,' raised critical concerns
about the fairness of this transition, with emphasis on affordable
access to energy and sustained economic development as key focal
points.
The report, which is the 13th of its kind, was developed in
collaboration with Accenture. It employs the Energy Transition
Index (ETI) to provide meaningful insights into the state of the
global energy transition. The ETI, which adopted an updated
framework this year, scrutinizes 120 countries based on two main
criteria: their energy systems' performance concerning equity,
energy security, and environmental sustainability; and the
readiness of their environment to
