India at 90th rank in terms of energy security, access: WEF
India has been ranked at the 90th place in a list of 126 countries compiled by World Economic Forum (WEF) on the basis of their ability to deliver secure, affordable and sustainable energy, which was topped by Switzerland.
Global Energy Architecture Performance Index Report, was prepared in collaboration with Accenture. It explored the energy architecture of 126 countries based on their ability to provide energy access across three dimensions of the "energy triangle" - affordability, environmental sustainability, security and access.
♦ Top 10 countries : Switzerland (1st), Norway (2nd), Sweden (3rd), France (4th), Denmark (5th), Austria (6th), Spain (7th), Colombia (8th), New Zealand (9th) and Uruguay (10th).
♦ Among the BRIC nations : Brazil (25th), Russia (52nd), India (90th) and China (94th). The report has noted that major global economies have performed less well on the index with the exception of France which was placed at the 4th place.
♦ Fuel trade patterns : Fuel trade patterns have dramatically changed during the last decade. Asia accounted for 35% of the world fuel trades in 2014, increased by 15% as compared to 20% of the world fuel trades in 2004.
As per the International Energy Agency (IEA) World Energy Outlook 2015, by 2040, China's net oil imports will be nearly five times those of the United States, while India's will easily exceed those of the EU.
♦ Major global economies : Major global economies have performed "less well" on the index with the exception of France which was placed at the 4th place. Other major global economies like Germany was ranked at the 24th place, while the United States was at the 48th rank and Japan was at the 50th rank.
♦ Major emerging economies : The need to become more energy-efficient, more diverse and less carbon-intensive is especially acute for major emerging economies as they are pressed both by the build resilient and sustainable energy architecture.
♦ Status of India : Regarding India, the report noted that it is facing a vast array of challenges in the power sector in order to meet its growth targets . However Electrification have progressed as the proportion of the population covered having grown over the past six years by 4 percentage points to 79 per cent.