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Yesterday (11 Sept), the World Energy Council in partnership with Oliver Wyman unveiled the latest progress for almost 130 countries on developing policies for Energy Security, Equity and Environmental Sustainability.
The 2019 World Energy Trilemma Index provides an objective rating of national energy policy and performance across three dimensions: Energy Security, Energy Equity and the Environmental Sustainability of Energy Systems.
Launched during the 24th World Energy Congress in Abu Dhabi, UAE the World Energy Trilemma Report and Index provide a ranking of countries’ energy performance using global and national data.
New this year is the analysis of historic trends, which will give policy makers an opportunity to track their policy performance over time. The new World Energy Trilemma methodology includes indexation and scalability.
‘For the very first time, the World Energy Trilemma Index provides new insights into energy policy performance over time. Since the turn of the century, there has been a positive trend with nearly 130 countries improving their Trilemma performances. An integrated and coherent policy pathfinding approach is essential in managing robust transitions. Every policy maker can and should use the Index as an unique and useful tool to establish their national baseline and explore how best to improve their energy policy performance.’
DR ANGELA WILKINSON
Senior director, Scenarios and Business Insights, World Energy Council
10 countries achieved the top AAA balance grade, representing top quartile performance in every dimension.
There has been a general trend of improving energy policy performance since 2000 nearly 120 countries have been improving their overall Trilemma scores over the 20-year period while only nine countries have seen their overall performance decline.
The historic analysis shows that the ‘Trilemma’ of balancing the differing policy priorities remains relevant, with no country having consistently improved in each dimension every year since 2000.
The rate of improvement in overall Trilemma performance increases as the transition progresses – globally, performance in all three dimensions are advancing and accelerating.
Switzerland, Sweden and Denmark are the top three rated countries across all three Trilemma dimensions in 2019. These countries have maintained consistent and balanced performance coupled with steady economic and population growth for a number of years.
Cambodia, Myanmar and the Dominican Republic have shown the biggest improvements in the overall Trilemma over the past 20 years, as a result of a focus on electrification, energy generation diversity, and infrastructure investment.
While the top Environmental Sustainability performers in 2019 are also Switzerland, Sweden and Denmark, counterintuitively China and Poland have significantly improved and are rapidly and tangibly decarbonising, making the greatest change to their 2000 baseline Sustainability performance.
The rate of improvement in overall Trilemma performance also appears to be increasing – half of the countries have consistently improved overall scores since 2015, while fewer than 20 countries consistently improved scores since 2000.
Comprehensive data and analytical insights are a necessary tool for policymakers to develop a coherent approach to the global energy future. To make these insights widely available, the World Energy Council and Oliver Wyman also launched a new Trilemma interactive online tool featuring countries’ energy profiles and Trilemma performance since the year 2000.
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