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The 2014 edition of the global Energy Architecture Performance Index report assesses the energy supplies of 124 countries with respect to the goals of security, affordability and sustainability.
In this second edition, the World Economic Forum, in collaboration with Accenture, documents the unique approaches countries are taking as they move their energy systems toward a new architecture, one that manages the risk to supplies while ensuring economic, social and environmental well-being. The Energy Architecture Performance Index examines the challenges facing specific regions and economic clusters, taking into account factors such as geographic location, regional geology and stages of economic development. More broadly, it looks at how best-in-class energy environments are already helping some countries move toward a more efficient architecture.
The index evaluates and ranks countries based on the extent to which their existing energy architecture fits the parameters of the energy triangle of affordability, security and sustainability. Countries that earn a high ranking possess energy systems that contribute to economic growth, minimize the environmental impact of energy supply and consumption, and have ready access to secure, diversified energy.
The latest index yields several key regional findings, including:
The Nordic countries, as well as those countries comprising the European Union (EU28) and the Organisation for Economic Co-operation and Development (OECD), are the top-performing regions/economic clusters across the index. This result underscores the role economic development plays in refining energy systems.
Clusters of industrializing countries, including Brazil, Russia, India, China and South Africa (BRICS), the Association of Southeast Asian Nations (ASEAN) and Developing Asia, are largely energy- and emission-intensive economies, and generate lower average scores. The performance of these nations reflects their priorities as emerging economies.
Performance across North America varies widely, highlighting the economic diversity of a continent that includes Canada, the United States, Mexico, Central America and Caribbean nations. Resource-rich Canada and the United States score high marks for energy security, but low marks for environmental impact.
Countries with higher gross domestic product levels generally score higher on the index, but the Middle East and North Africa (MENA) region bucks that trend. Rich in fossil fuels, MENA is a low performer in terms of environmental sustainability and economic growth and development.
Read the entire report.
April 9, 2014
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