In collaborationWORLDwithAccentureECONOMICFORUMFostering EffectiveEnergy TransitionINSIGHTREPORTJUNE2024
Contents|ForewordIntroduction1Framework|2Overall results2.1Transitionscores2.2Transitionmomentum2.3AlookbackonCOVID-19impacts,3 Sub-idex and dimension trends,3.1Systemperformance3.2 Transition readiness4Talored transition pathways,4.2Incame-levelinsights,4.3Localeneravresourcesinsichts,AppendicesA1MethodolorvandindicatorsA2Countygroup peformanoeproflesContributorsEndnotes
ForewordHead,CentreforEnergyGroupChiefExecutive,andMatetheExecutiveCommitee,AccentureStrategyWorldEconomicForumhalf of all>tureina. reachina$1.86of the growthsinceenabling additionale technologies advance, theed for their computational demandshave reached record highsenablingstakeholderstomakeand trackdevelopments. The 2024to ntoduces talred pathways' providingan country pathways and globalpathways allow decision-specificdimensions.vel, local energy resourcesFosteringEfectiveEnergyTransition
Executive summaryIn a dynamic global landscape, mostcountries are proaressinq in the energytransition. with the centre of gravity movingtowards developing nations.Growinguncertainties areimpeding12% reduction in energy intensity in 2022 compareenergy transition momentum despite recordto 2021."Six G20 countries also feature amongEnergy Transition Index scores.Global averagthe top 20 performers on this year's ET); France,TransitionIndeIcommissianedasby 66% yearanfor hydropowerandon-building initiatives, havegrowthin ETl scores, drvenationalsupportMoreover,countries withoundant local energy resources are top perfomers ionomies, along with China andinsustanably,emphasing he ned tobalancehe transition.kers acrossthe globe must actdecisively and collaboratively to accelerate thein towards an equitable, secure andfective energy efficiency policies, resulting in asustainable energy future.FostaringEflectiveEnargyTranstion
IntroductionGrowina uncertainties complicate theeneray transition traiectory, underscoringthe need for adaotive and decisive action$1.8Recent years have witnessed an increase in globalreturns fordevelopers, deterring much-neededuncertainties, driven by ecanomic, poltical andtechnologicalshifts, adding complexity to theenvironment in which countnies operate and thetrillionenergy transition trajectory(Figure 1)investedinthedleanGeopolitical tensions pose risks to energy securitenergy transitionin202311 Thish introduced"fast-accelerategrids.Fallingelectricitypricesdue to reduceddemand inits trade dependence on Russia andendencebetweenChinaIanprovedglobal economic outlook, could bolsters to financerade resilience in the coming year. Uncertaintiesydemand anddecabonize thrmah egain gexolicl fesions and poterialture disuptions to globalsupply chains. inbital-intensive clean energy salutions remalidisproportionately affected due to high upfrontcapitalinvestmentrequirements"Ihmoation and tectndbg ecostems eprencedlIn 2023,dean enegysources aced chalenges'total global start-up investment in 2023 plummetedincluding uncert ainties in subsicies and supplyto $285 b...
