The World Economic Forum in collaboration with Accenture and a panel of experts have released a new report called “The Global Energy Architecture Performance Index (EAPI) Report 2013”. The EAPI benchmarks and ranks 105 countries globally on how their energy system delivers against the imperatives of the energy triangle: promoting economic growth and development, while being environmentally sustainable and providing energy security and access.
Findings reveal that high GDP per capita countries are more likely to be able to score well against one or more objectives of the energy triangle and are best managing the transition to new energy architecture. Norway ranks 1st place on the Index, where a strong energy policy has coupled with multiple energy resources to deliver cheap, plentiful and relatively clean power, and generated large national revenues.
But high-income and rapidly growing countries still have work to do around environmental sustainability, where they generally scored less well. This is due to both a rapidly increasing demand for energy and the global economic slowdown, which has prompted some nations to reconsider renewables obligations and CO2 targets and caution around deployment of new low carbon energy projects with large up-front capital costs.
Developing or highly resource-endowed countries are among the lower scorers as countries face core challenges around energy access, efficiency and sustainability, and continue to struggle to supply citizens with basic energy needs – estimates show that 1.3 billion people worldwide are still without access to electricity at all. The report accompanying the EAPI also considers how some big issues around fossil-fuel subsidy, water use for energy production and effective management of resource wealth need addressing globally.
In a changing global energy landscape, countries are seeking ways to manage the transition to new energy systems that better deliver on these core goals. The EAPI offers a tool for decision makers to monitor the performance of their energy system and a basis for assessing areas to improve.