Countries around the world are upping the share of renewables in their energy mixes.
The bad news is, they’re not doing it quickly enough to meet the Paris Agreement goal, to hold the global average temperature increase to “well below” 2°C above preindustrial levels, and as close as possible to 1.5°C.
The report contains the Energy Transition Index , which compares the energy sectors of 115 countries and analyses their readiness for energy transition. Countries with high ETI scores also performed well on their readiness for energy transition, with Finland topping that list, followed by Denmark, and Austria in third.
Fossil fuel exporters, such as Nigeria, Mozambique and Venezuela, face major barriers to energy transition, as do countries with disproportionately high coal consumption, like South Africa and Mongolia. Environmental sustainability scores improved marginally, indicating a general lack of substantive progress.
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