Sweden tops World Energy Council Energy Trilemma Index 2021
Sweden has been ranked first in The World Energy Council's Trilemma Index tool.
The online tool, produced in partnership with Oliver Wyman, ranks countries on their ability to provide sustainable energy through three dimensions: energy security, energy equity (accessibility and affordability) and environmental sustainability.
The Scandinavian country scored well on all three counts - 74 on energy security, 93 on equity and 86 on environmental sustainability - ahead of Switzerland and Denmark, in second and third places respectively. Finland and the UK were tied fourth, while Austria and France came joint fifth.
This year’s global assessment indicates a mixed picture. As the current global gas crunch puts pressure on supplies, the stalled progress in Energy Security, with a static score of 85 out of 100, provides a timely context to the foundations for regional supply shortages and market volatility.
The Index also shows that the score in Energy Equity is 75 out of 100, with more than 700 million people on the planet still lacking basic access to any electricity or clean fuels.
Dr Angela Wilkinson, Secretary General of the World Energy Council, said the Index provides a useful reminder of how important it is for policymakers to address inertia and make progress by taking a more holistic view of energy through the three lenses of the World Energy Trilemma.
"Only then will societies succeed in recovering from crisis, repairing the planet and renewing the wellbeing of societies," she said.
“Today’s energy landscape is crowded, competitive and increasingly costly. Confusion, confrontation and extreme polarisation have become commonplace. The world needs more sustainable energy. Our relationship with energy and, consequently, with each other, is shifting and transforming. There is an urgent need to better prepare societies for clean and just energy transitions and to involve more people and diverse communities in the process. The challenge to develop shared appreciation and navigate the critical role of energy in everyday life has never been greater.”
She added energy literacy remains poor across many stakeholder groups. "There is a general lack of appreciation and understanding of the connections – between climate neutrality, affordability and social justice and in relating matters of price, cost and value."
By analysing historic trends, the Index enables policymakers and stakeholders to track national policy performance over time and cross reference performance and progress with other nations.
Referring to both energy access and affordability, the Energy Equity pillar highlights that whilst many countries may enjoy universal access to energy, notably OECD countries, many people do not have access to energy whatsoever. Energy affordability is not solely an issue for developing countries and energy poverty extends to all geographies, including the most developed nations.
Environmental Sustainability also demonstrates slow progress, with an overall score of 66/100. This is despite 50% plus growth in worldwide renewable capacity with renewables now accounting for over 80% of new capacity additions. However, global carbon dioxide emissions have continued to rise.
As the world recovers from the impacts of COVID-19 and looks to restart economic and industrial activity, it remains to be seen how significant COP26 will prove in bucking this trend and accelerating decarbonisation of the global energy mix.