Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

124 Countries Ranked by Ability to Deliver Secure, Affordable and Sustainable Energy  Join our daily free Newsletter

MENAFN Press - 20/01/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN Press) In support of the global transition to a new energy architecture, the World Economic Forum today released the Global Energy Architecture Performance Index Report 2014. Prepared in collaboration with Accenture and designed to help countries spur their efforts to meet energy challenges and opportunities in innovative ways, the Index assesses regions and 124 countries according to economic growth, environmental sustainability and energy security performance, analysing the complex trade-offs and dependencies that affect country efforts

"Resource wealth or economic development alone do not guarantee high performance on the Index" explained Roberto Bocca, Senior Director, Head of Energy Industries, World Economic Forum. "For an effective energy system countries need to focus on all three sides of the energy triangle - environmental sustainability, security of supply and affordability"

Norway tops the Index rankings, followed by New Zealand and France. The top ten is dominated by EU and OECD countries with the exception of Costa Rica and Colombia. 41% of energy supply in the top ten countries comes from low carbon energy sources, compared to a global average of 28%.

European Union and Nordic countries top the rankings, underscoring the ability of service sector economies to prioritize investment in the development of low-carbon economies and address climate change through renewables and energy efficiency. The drive for sustainability has meant some trade-offs in energy affordability “ underpinning the policy debate in Europe as utilities and consumers struggle with pricing and an uncertain policy landscape.

The performance of BRICS countries (Brazil, Russia, India, China and South Africa) is impacted by the prevalence of energy- and emission-intensive industries. Ranked 21st, Brazil is the top performer in this cluster, extracting 50% more GDP per unit of energy use than the average of the other BRICS countries. China, the world's largest energy consumer, has successfully increased access to energy for its population but continues to struggle with rising energy imports and pollution levels.

Energy systems in the Middle East and North Africa (MENA) are broadly defined by the resource wealth of the region, the prevalence of energy subsidies and energy inefficiency impacting consumption and emissions. Ranked best performing region on energy security, the analysis reveals disparity of resource distribution, with three of the 17 countries importing more than 90% of net energyneeds.

ASEAN's performance highlights the disparity in resource allocation across the region where energy systems are fossil fuel dominated. The demand for energy is expected to rise and likely to put further strain on these energy systems. Interconnections in the gas and electricity systems through the ASEAN 2015 integration plans will play a key role in addressing these challenges.

Performance across North America shows contrasting circumstances, from the import and fossil fuel dependence of the Caribbean nations, to the resource wealth of Canada, the United States and Mexico. Costa Rica shows remarkable results. As one of only two upper middle-income countries to rank within the top 10, government strategy driving the transformation of its energy system aims to make Costa Rica the world's first carbon-neutral country, with 99% of electricity output from renewable energy sources.

The context in sub-Saharan Africa is marked by the challenge to access energy. An average 39% of the region's population has access to modern energy supply compared with 100% access rates in OECD countries. South Africa succeeded in raising rural electrification rates from 37% to 67% between 2000 and 2010, but with electricity production dominated by coal, South Africa demonstrates the complex trade-offs the region faces in balancing the environmental and access dimensions of energy aims.

The Report finds that many developing countries still struggle to supply citizens with basic energy needs, providing electricity to less than 50% of their total population. It also highlights the over-dependence of many energy systems, with 32% of countries dependent on imports to meet more than half of their energy needs. However, energy trade can have positive impacts for both importing and exporting countries but can pose economic and energy security risks, in particular when coupled with dependence on few trading partners

"Our analysis concludes that there is no single way forward; each country must work with its own resources and constraints, making difficult choices and trade-offs," said Arthur Hanna, Managing Director, Energy Industry, Accenture, and a Member of the World Economic Forum's Global Agenda Council on New Energy Architecture. "The Index helps nations take stock of their energy transition challenges and address key barriers to success, such as market distorting subsidies, continued uncertainty around energy policy and funding for research and development of new energy sources and technologies."

About The World Economic Forum
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests. (http://www.weforum.org)



  MENA News Headlines
 Nov 25 2015 - Saudi Smart Boat innovation honored in Copenhagen 2 RiyadhSaudi Press Agency
(MENAFN - Saudi Press Agency) Al-Shamakhi went on to say that he also provided his smart boat with special submerging telecommunication means attached to the boat's draft using sound waves to ...

 Nov 25 2015 - Saudi- Custodian of Two Holy Mosques receives Speakers of GCC Shura Representatives and National CouncilsSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh Safar 13 1437 November 25 2015 SPA -- The Custodian of Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah palace in Riyadh today the ...

 Nov 25 2015 - Kuwaiti Crown Prince receives GCC Ministers of Commerce and IndustrySaudi Press Agency
(MENAFN - Saudi Press Agency) Kuwait 13 Safar 1437 AH November 25 2015 SPA -- Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah the Crown Prince of Kuwait received here today the Ministers of Commerce and ...

 Nov 25 2015 - Saudi- Custodian of the Two Holy Mosques receives Executive President and Founder of World Economic ForumSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh 13 Safar 1437 AH November 25 2015 SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here today the ...

 Nov 25 2015 - Crown Prince heads Saudi delegation to GCC Interior Ministers meetingSaudi Press Agency
(MENAFN - Saudi Press Agency) Doha afar 13 1437November 25 2015SPA -- Crown Prince Mohammed bin Naif bin Abdulaziz Al Saud Deputy Premier and Minister of Interior arrived here today to head the ...

 Nov 25 2015 - Speakers of GCC Shura Representatives and National Councils meet in Riyadh 2 RiyadhSaudi Press Agency
(MENAFN - Saudi Press Agency) Addressing the meeting the Speaker of Shura Council Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al Al-Sheikh welcomed the Speakers of Shura Representatives National and ...

 Nov 25 2015 - Saudi- Dr. Abdullah Al Rabiah receives Swiss ambassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh Safar 13 1437 November 25 2015 SPA -- Dr. Abdullah bin Abdulaziz Al-Rabi'ah Advisor at the Royal Court and General Supervisor for Riyadh-based King Salman ...

 Nov 25 2015 - Saudi- National Guard Minister receives French AmbassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh Safar 13 1437 November 25 2015 SPA -- Prince Miteb bin Abdullah bin Abdulaziz Minister of National Guard received here today the ambassador of France to the ...

 Nov 25 2015 - Germany plans to send 650 troops to MaliSaudi Press Agency
(MENAFN - Saudi Press Agency) Berlin Safar 13 1437 November 25 2015 SPA -- The German government plans to send up to 650 troops to Mali to help with the peacekeeping mission in the West African ...

 Nov 25 2015 - Turkey- G20 Communiqu: " The fight against terrorism is a major priority "The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Following the two-day summit in Antalya Turkey G-20 leaders released a communiqué calling for greater coordination and information to counter terrorist ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help