The World Economic Forum Publishes its 2024 Global Energy Transition Index
The World Economic Forum has just released its 2024 Global Energy Transition Index, a document of paramount importance that provides insight into our international positioning on this critical issue.
Evaluating a Country's Energy System
The evaluation of a country's energy system is based on three imperatives:
Equity
- Ensuring equal distribution, accessibility, and affordability of energy for all
- Sharing efforts and benefits of sustainability to promote economic growth and improved living standards
Security
- Ensuring a secure energy supply through diversification of the energy mix, trade partners, and electricity production sources
- Building resilience in gas supply and the electrical system
Sustainability
- Implementing measures to reduce carbon dioxide and methane emissions in the energy supply
- Improving energy efficiency, promoting responsible consumption, and increasing the share of clean energy in final demand
Assessing a Country's Progress in Energy Transition
A country's progress in energy transition is determined by its degree of preparedness for the transition, i.e., the extent to which a solid environment can be created. Essential elements include:
- A solid political and regulatory framework
- The ability to attract and deploy large-scale capital
- A favorable investment climate characterized by low capital costs, market liquidity, and attractiveness to foreign capital
- A skilled workforce and innovation
Ranking Countries
Countries were ranked based on 46 indicators covering the most important aspects of energy transition. Scores range from 0 to 100, with 100 indicating the highest overall performance for each indicator.
External Factors
External factors such as fluctuations in the commodity market, geopolitics, international climate action, and financial market conditions can impact certain dimensions of a country's score.
Interpreting Country Rankings
It is essential to interpret country rankings in the context of each country's circumstances rather than considering them as a definitive measure of energy transition progress.
Tunisia's Ranking
Among 120 countries, Tunisia ranks 89th globally with a 2024 score of 51.3, below the global average of 56.5. We are also below the MENA region average of 51.8. In terms of system performance (60% of the index), our score is 57.1, while our preparedness for transition (40% of the index) scores 42.6.
The Gap: Lack of a Favorable Environment
Our weakness is clear: the absence of a favorable environment for energy transition. The ball is in the regulator's court.