Singapore leads Asian countries in Energy Transition Index
Singapore (VNA) - The World Economic Forum (WFF)
has placed Singapore at first position among Asian countries in its Energy
Transition Index (ETI) 2021.
Globally, the Southeast Asian country ranks 21st among 115 countries, higher than major economies like the US and Canada.
WEF’s ETI reflects the progress towards a more inclusive,
sustainable, affordable and secure energy system. It assesses countries’ readiness
to energy transition and the current performance of energy systems across the
three dimensions of the energy triangle: economic development and growth,
environmental sustainability, and energy security and access indicators.
This year, northern European countries like Sweden, Norway
and Denmark maintained their leading positions on the ETI.
The ETI report showed that 92 economies made progress over
the period between 2012 and 2021.
However, only 68 have improved their scores by more than two
percentage points.
Large emerging centres of demand such as China and India
have seen strong improvements. Meanwhile, scores in Brazil, Canada, Malaysia,
Singapore and Turkey held relatively stable.
Singapore still plays a significant role in the global
energy system, as a major refining hub and emerging centre of global LNG trade.
The CO2 intensity has remained broadly flat since 2010, suggesting continued dependence on high-carbon energy sources and
inertia from legacy energy infrastructure, it added./.