GlobalCapital
Copying and distributing are prohibited without permission of the publisher.
Best and worst performing countries in the energy sector
A new index measuring the strengths and weaknesses of various energy systems has revealed surprises, with some emerging markets scoring high
Norway was the top performer in the World Economic Forum’s newly-launched Global Energy Architecture Performance Index 2013 (EAPI), which aims to assess energy systems according to how they help deliver economic growth, their environmental sustainability and the way they ensure security of supply and access for all.
Sweden, France, Switzerland and New Zealand were next, followed by emerging Latin American country Colombia and by Eastern European Latvia. Developed Denmark, Spain and the UK were ranked eighth, ninth and tenth respectively, with emerging markets Romania on the 11th place and Uruguay on the 12th. Peru was 15th, preceded by Ireland and Germany.
No OPEC country featured in the top 50, while the USA was ranked 55th, the WEF said in a statement. Of the BRICS, Brazil was the leader in the 21st place, followed by Russia (on 27), South Africa (on 59), India (on 62) and China (on 74).
Despite the presence of some emerging markets among the top performers, many developing countries “still struggle to supply citizens with basic energy needs, with 12% of countries analyzed providing electricity to less than 50% of their total population,” the WEF said in a statement accompanying the release of the report, produced in collaboration with consultancy firm Accenture.
The EAPI comprises 16 indicators aggregated into three baskets relating to the three imperatives – contribution to growth, environmental sustainability and ensuring supply security and access to all.
| More from Emergingmarkets.org |
| Energy 'revolution' in the US: CEO |
| UK firm plans to unlock oilfields' potential |
| Countries with the fastest-rising salaries |
Under environmental sustainability, the key performance indicators are: emissions of carbon dioxide from electricity and heat production, particulate emissions at a country level, nitrous oxide emissions in the energy sector, the average fuel economy for the passenger vehicle fleet and alternative and nuclear energy as a share of total consumption.
For energy access and security it looks at the diversity of total primary energy supply, the percentage of the population that benefits from electric power, the quality of electricity supply, the percentage of the population using solid fuels for cooking and import dependence.
The worst performing country in the report was Ethiopia, ranked 105th. Tanzania was ranked 104th and Lebanon was 103rd.
