The energy transition is progressing but has lost momentum in the face of increasing global uncertainty, according to the World Economic Forum's Fostering Effective Energy Transition 2024 report.

The Energy Transition Index (ETI), which benchmarks 120 countries on their current energy system performance and on the readiness of their enabling environment, finds that while there has been notable progress in energy efficiency and a marked increase in the adoption of clean energy sources, energy transition momentum has been held back by setbacks in energy equity, driven by rising energy prices in recent years.

Energy security also continues to be tested by geopolitical risks.

Report by the World Economic Forum