SINGAPORE (April 23): The World Economic Forum (WEF) placed Singapore in the first position among Asian countries in its Energy Transition Index (ETI) 2021, reported the Vietnam News Agency (VNA).
Globally, the Southeast Asian country ranked 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 of 2012 to 2021.
However, only 68 improved their scores by more than two percentage points.
Large emerging centres of demand, such as China and India, saw strong improvements. Meanwhile, scores of Brazil, Canada, Malaysia, Singapore and Turkey held relatively stable.
Singapore still played a significant role in the global energy system as a major refining hub and emerging centre of global liquefied natural gas (LNG) trade.
The CO2 intensity had remained broadly flat since 2010, suggesting continued dependence on high-carbon energy sources and inertia from legacy energy infrastructure, it added.
