Ranked: Energy Transition Scores by Country in 2024
The World Economic Forum (WEF) recently unveiled their 2024 Energy Transition Report, which assesses 120 countries around the world on their decarbonization efforts and ranks them on their Energy Transition Index (ETI).
This visualization, created in partnership with the National Public Utilities Council, shows the top 10 and bottom 10 countries based on their ETI scores.
How Does the ETI Work?
The ETI is a weighted average of two sub-indexes, system performance (60%) and transition readiness (40%), that rates countries on 46 indicators, including regulation and political engagement, innovation, and infrastructure.
Since the launch of the ETI in 2015, the global average increased from 53.4 to 56.8. However, momentum has slowed recently, and is down 0.3 points since 2022, due to the consequences of the Russian invasion of Ukraine, and surging inflation interest rates.
The Rankings
The highest energy transition scores come from advanced economies and the top three are Sweden, Denmark, and Finland. The lowest scores, however, come from sub-Saharan Africa.
RankCountryETI Score
1Sweden78.4
2Denmark75.2
3Finland74.5
4Switzerland73.4
5France71.1
6Norway69.9
7Iceland68
8Austria67.9
9Estonia67.8
10Netherlands66.7
11Germany66.5
12Brazil65.7
13United Kingdom65.6
14Portugal65.4
15Latvia65.2
16Spain64.3
17China64.1
18Luxembourg64.1
19United States64
20Chile63.9
21Israel63.8
22Australia63.7
23South Korea63.5
24Lithuania63.2
25New Zealand62.8
26Japan62.4
27Canada62.4
28Hungary62.1
29Slovenia61.9
30Costa Rica61.3
31Poland61.3
32Vietnam61
33Uruguay60.8
34Belgium60.8
35Colombia60.7
36Bulgaria60.6
37Greece60.5
38Azerbaijan60.3
39Croatia60.1
40Malaysia60.1
41Italy59.7
42Paraguay59.6
43Albania59.4
44Czechia59.2
45Ireland58.7
46El Salvador58.4
47Peru58.3
48Romania58.3
49Slovakia57.5
50Qatar57.3
51Panama57.1
52United Arab Emirates57
53Mauritius56.8
54Indonesia56.7
55Cyprus56.6
56Georgia56.3
57Mexico56.3
58Saudi Arabia55.9
59Türkiye55.8
60Thailand55.8
61Malta55.6
62Oman55.5
63India55.3
64Singapore55
65Morocco54.9
66Bolivia54.8
67Montenegro54.6
68Namibia54.5
69Sri Lanka54.2
70Kenya53.6
71Tajikistan53.6
72Laos53.5
73Jordan53.5
74Ecuador53.2
75Egypt53
76Ukraine52.9
77Cambodia52.9
78Serbia52.9
79Armenia52.7
80Kyrgyzstan52.7
81North Macedonia52.6
82Argentina52.6
83Gabon52.5
84South Africa52.4
85Lebanon52
86Angola52
87Ethiopia51.7
88Bosnia and Herzegovina51.5
89Tunisia51.3
90Côte d’Ivoire51.2
91Algeria50.9
92Ghana50.9
93Zambia50.9
94Guatemala50.8
95Venezuela50.4
96Brunei50.3
97Dominican Republic50.1
98Kazakhstan50.1
99Trinidad and Tobago49.7
100Nepal49.6
101Cameroon49.2
102Iran49
103Bahrain48.8
104Kuwait48.6
105Philippines48.4
106Honduras48.3
107Moldova48.1
108Nigeria46.9
109Bangladesh46.8
110Jamaica46.6
111Senegal46.6
112Zimbabwe46.3
113Pakistan46.2
114Nicaragua46
115Botswana45.6
116Mongolia45.4
117Mozambique45.3
118Tanzania44.3
119Yemen43.8
120DRC42
However, even though sub-Saharan Africa has the lowest regional average score, individual countries are making significant progress. For example, Zimbabwe’s score has increased 33% since 2015, thanks to the increase in their hydropower capacity.
On the other hand, the ETIs of some advanced economies are declining, such as Norway, whose score decreased by 0.4 points over the past nine years. This decrease is due to rising electricity prices and a decline in renewable capacity buildout.
The Largest Economies and the Future
The world’s largest economy, the United States, has remained at 64.0 over the past year. China, however, has moved ahead to 64.1 from 2023 to 2024, thanks to significant growth in areas like batteries, EVs, and high-voltage transmission. The country also allocates the largest share of its GDP to investments in renewables, at 9%.
Experts believe that countries must increase their ETI scores to prevent global warming above 1.5 degrees Celsius. While many countries, such as Norway, are stagnating in their progress, others, such as Zimbabwe, exceed expectations for their wealth, signaling the possibility for all countries to meet their climate targets.
Learn how the National Public Utilities Council is working toward the future of sustainable electricity.
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