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Tuesday, April 18, 2017

World’s Largest Economies Lag Behind in Delivering Secure, Affordable, Sustainable Energy

There are so many things to report on today.  All of which point back to the soft launch of our brand new network site.  Be on the lookout during Earth Week for the official introduction.

What does it mean to you...simply, more stories, more coverage, expanded tools to converse with us and share data around the world, more contributors, experts to track....the platform for you to engage in the business side of green.

This week's newsletter and stories give you a good example of what is to follow (which will include a full roster of talk show host) in the coming weeks, months, years.  Our top story tells us a great deal on what it takes, as a nation, to be great in understanding and managing energy needs. What are some countries doing so well?  Yet, others, much bigger, fail to grasp new concepts and they waste resources?  Ultimately, we need to agree across all continents what is good policy and best practice.  And implement these changes quickly.

Lot going on this week:  More shows, webinars, special reports. Stay with us at Renewable Now

When it comes to achieving affordable, environmentally sustainable and secure energy systems, a group of small economies is quickly accelerating away from the rest of the world. The top 20 performers in the fifth annual Global Energy Architecture Performance Index Report 2017 have achieved twice the average increase in their score compared to that of all other countries. 

The report, developed in collaboration with Accenture Strategy and launched today at the European Commission, ranks 127 countries based on their ability to provide energy across three dimensions of the “energy triangle”. It finds that the highest performers, which are primarily smaller countries and advanced economies, can overcome constraints if supporting policies are in place. According to the findings, the world’s biggest energy consumers struggle to take leading positions on the index as they grapple with inherent challenges of their large, complex energy systems and are outperformed by more nimble economies.

 Overall, some of the largest consumers of energy such as China (95th), India (87th), Japan (45th), the Russian Federation (48th) and the United States (52nd) have either slipped in the rankings or experienced only marginal gains. “We’ve seen some significant shifts in the way energy is sourced, delivered and consumed over the past five years,” explained Roberto Bocca, Head of Energy and Basic Industries and Member of the Executive Committee at the World Economic Forum. “Future energy demand and unprecedented technological developments will continue to present new challenges and opportunities for countries. 

Now more than ever, countries must understand the performance and trajectory of their energy sectors and have a resilient approach in place to drive progress.” The top 20 performers on the 2017 index represent a diverse mix. European countries lead the index, with Switzerland (1st) and Norway (2nd) taking the top spots. 

But other regions also hold high-ranking positions: Colombia (8th), Uruguay (10th) and Costa Rica (14th) are the highest-ranked Latin American nations, while New Zealand places 9th. While many of the top performers are smaller countries, both by gross domestic product (GDP) and population, some larger countries including France (5th), the United Kingdom (15th) and Germany (19th) have effectively managed complex energy sectors alongside large economies. The presence of European nations among the top-ranking countries reflects advantages gained through a long history of coordination within the region....

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