Qatar tops region in WEF's Energy Transition Index

(MENAFN - The Peninsula) Doha: Qatar has ranked first in the Middle East and North Africa region by securing 53rd place on the Energy Transition Index 2021. Qatar also leads the global rankings on the economic development and growth component of the Energy Transition Index (ETI), supported by the strong role played by domestic energy sector in the economy.  Globally, Sweden led the ETI for the fourth consecutive year, followed by Norway and Denmark. In its 10th edition, the report, published in collaboration with Accenture, believes that as countries continue their progress in transitioning to clean energy, it is critical to root the transition in economic, political and social practices to ensure progress is irreversible.  The report said that Qatar can  leverage the existing resource base and legacy infrastructure to create opportunities in the new energy landscape  — for example by investing in capacity to localise processing and manufacturing of higher value added products in the fossil fuel value chain, and by supporting innovation and infrastructure development for green hydrogen.  The report draws on insights from the ETI 2021, which benchmarks 115 countries on the current performance of their energy systems and their readiness to transition to secure, sustainable, affordable, and inclusive energy systems.   MENAFN22042021000063011010ID1101962841