Ranked: Energy Transition Scores by Country in 2024

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.

Rank	Country	ETI Score
1	Sweden	78.4
2	Denmark	75.2
3	Finland	74.5
4	Switzerland	73.4
5	France	71.1
6	Norway	69.9
7	Iceland	68
8	Austria	67.9
9	Estonia	67.8
10	Netherlands	66.7
11	Germany	66.5
12	Brazil	65.7
13	United Kingdom	65.6
14	Portugal	65.4
15	Latvia	65.2
16	Spain	64.3
17	China	64.1
18	Luxembourg	64.1
19	United States	64
20	Chile	63.9
21	Israel	63.8
22	Australia	63.7
23	South Korea	63.5
24	Lithuania	63.2
25	New Zealand	62.8
26	Japan	62.4
27	Canada	62.4
28	Hungary	62.1
29	Slovenia	61.9
30	Costa Rica	61.3
31	Poland	61.3
32	Vietnam	61
33	Uruguay	60.8
34	Belgium	60.8
35	Colombia	60.7
36	Bulgaria	60.6
37	Greece	60.5
38	Azerbaijan	60.3
39	Croatia	60.1
40	Malaysia	60.1
41	Italy	59.7
42	Paraguay	59.6
43	Albania	59.4
44	Czechia	59.2
45	Ireland	58.7
46	El Salvador	58.4
47	Peru	58.3
48	Romania	58.3
49	Slovakia	57.5
50	Qatar	57.3
51	Panama	57.1
52	United Arab Emirates	57
53	Mauritius	56.8
54	Indonesia	56.7
55	Cyprus	56.6
56	Georgia	56.3
57	Mexico	56.3
58	Saudi Arabia	55.9
59	Türkiye	55.8
60	Thailand	55.8
61	Malta	55.6
62	Oman	55.5
63	India	55.3
64	Singapore	55
65	Morocco	54.9
66	Bolivia	54.8
67	Montenegro	54.6
68	Namibia	54.5
69	Sri Lanka	54.2
70	Kenya	53.6
71	Tajikistan	53.6
72	Laos	53.5
73	Jordan	53.5
74	Ecuador	53.2
75	Egypt	53
76	Ukraine	52.9
77	Cambodia	52.9
78	Serbia	52.9
79	Armenia	52.7
80	Kyrgyzstan	52.7
81	North Macedonia	52.6
82	Argentina	52.6
83	Gabon	52.5
84	South Africa	52.4
85	Lebanon	52
86	Angola	52
87	Ethiopia	51.7
88	Bosnia and Herzegovina	51.5
89	Tunisia	51.3
90	Côte d’Ivoire	51.2
91	Algeria	50.9
92	Ghana	50.9
93	Zambia	50.9
94	Guatemala	50.8
95	Venezuela	50.4
96	Brunei	50.3
97	Dominican Republic	50.1
98	Kazakhstan	50.1
99	Trinidad and Tobago	49.7
100	Nepal	49.6
101	Cameroon	49.2
102	Iran	49
103	Bahrain	48.8
104	Kuwait	48.6
105	Philippines	48.4
106	Honduras	48.3
107	Moldova	48.1
108	Nigeria	46.9
109	Bangladesh	46.8
110	Jamaica	46.6
111	Senegal	46.6
112	Zimbabwe	46.3
113	Pakistan	46.2
114	Nicaragua	46
115	Botswana	45.6
116	Mongolia	45.4
117	Mozambique	45.3
118	Tanzania	44.3
119	Yemen	43.8
120	DRC	42

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.