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 energy needs.



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)

 


MENAFN Press




  MENA News Headlines
 Mar 31 2015 - US Crude Recovery May Be Limited, Natural Gas Braces For Storage DataDailyFX
(MENAFN - DailyFX) Gold slumped on Wednesday as its pricing currency the USD gained on the back of the December FOMCdecision. The removal of the 'considerable time' phrase from the policy statement, ...

 Mar 31 2015 - A noble gesture by UAE's Sheikh Hamdan: paperEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The decision of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council to donate his Dubai World ...

 Mar 31 2015 - Etihad Airways celebrates arrival of inaugural Alitalia flights from Venice and Milan to Abu DhabiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Etihad Airways, the national airline of the United Arab Emirates, joined celebrations at Abu Dhabi International Airport yesterday to welcome the arrival of its ...

 Mar 31 2015 - UAE's Ministry of Higher Education and Scientific Research joins local and federal scholarship authorities to activate National Scholarship DatabaseEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) On the instructions of Sheikh Hamdan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, to coordinate and unite efforts with all ...

 Mar 31 2015 - UAE's Assistant Under-Secretary for Protocol Affairs at MoFA attends reception at Bangladesh EmbassyEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Shehab Ahmed Mohammed Al Fahim, Assistant Under-Secretary for Protocol Affairs in the Ministry of Foreign Affairs, attended a reception last night hosted by ...

 Mar 31 2015 - UAE's Minister of Environment discusses cooperation with Ambassadors of Poland and EritreaEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dr. Rashid Ahmed bin Fahad, Minister of Environment and Water, has met with Adam Krzymowski, Poland's Ambassador to the UAE, and discussed ways to enhance ...

 Mar 31 2015 - UAE's DLD sponsors fifth cycle of Princess Haya Award for Special EducationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai Land Department, DLD, has signed a sponsorship agreement with the Princess Haya Award for Special Education, PHASE, to host its fifth cycle due to be held ...

 Mar 31 2015 - Talented Emirati musicians perform for patients across the UAE to aid their recoveryEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Abu Dhabi Festival, in association with Mubadala, has brought the popular 'Music in Hospitals' initiative to healthcare facilities across the UAE for the ...

 Mar 31 2015 - UAE's FCA launches customs statistics service on smart phonesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Federal Customs Authority yesterday launched a customs statistics service on its website and a smart phone application to respond to customers' enquiries on ...

 Mar 31 2015 - UAE remains dedicated to covering health needs of Syrian population affected by crisisEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The UAE is dedicated to fulfilling the financial gap in the health sector of the Syrian refugee population in order to meet their basic humanitarian and health ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

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

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

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