The United Arab Emirates managed to make progress on an average of four points in the report of the World Economic Forum on Energy Transformation.
The UAE ranked among the first ten in a number of indicators of the report issued by the World Economic Forum today.
This report is based on insights drawn from the Energy Transformation Index (ETI) 2020, which measures the performance of 115 economies in terms of their current performance in terms of their energy systems - across the areas of economic development and growth, environmental sustainability, energy security and access and access indicators - and their willingness to transform To safe, sustainable, affordable and comprehensive energy systems.
The UAE performance witnessed a progression of seven points in the index of economic development and growth, to be ranked 38th in the world, and progress in the capital and investment index with an average of eight points. As for the infrastructure and innovative business environment index, it also witnessed progress with an average of seven points, in which the UAE ranked fourth globally. The human capital index and consumer participation witnessed a progression of three points. Worldwide.
The UAE has witnessed multiple improvements in various aspects of energy systems over the past six years, which indicates its willingness to activate the energy transition. Moreover, if the United Arab Emirates tops in the field of institutional stability and regulatory frameworks, it is still one of the most critical factors enabling the energy transfer. The progress in economic growth and energy security components remains strong, with potential for further improvement in the future by investing in ready-made energy infrastructure, such as passive emission technologies, green hydrogen and smart grids.