Even the world's energy experts have overestimated how ready their regions are for the energy transition. We need to do much more - and do it much faster. The Energy Transition Readiness Index is an in-depth study that evaluates our progress towards the full transformation of the energy system and boils this down to a single “readiness” figure. It differs from region to region. But all these figures have one thing in common: They are much lower than they should be.
Is your region ready?
The global report shows it´s time to get real.
In 2022, together with our knowledge partner, international management consultancy Roland Berger, we asked nearly 2,000 energy experts and decision makers from across the energy sector in Asia Pacific, Europe, Middle East, North America and Latin America to tell us what priorities were being set for the energy transition in their particular region and how much progress had already been made. We then used this data to calculate the “Energy Transition Readiness Index” for each region.
The index describes the perceived readiness, on a scale of 0 to 100%, of the energy transition towards net zero in the different regions. Download any of the regional index reports by clicking on the graphic below.
Delivering on Europe´s energy transition: It´s time to get real.
Per capita emissions are among the highest in the world, but significant reductions have already been achieved towards decarbonization. Further developments position the U.S. as a role model for advancing green business.
The index aggregates the answers of the experts by combining the progress of each priority (“readiness”) with the assessment of its respective importance (“system maturity”), allowing us to arrive at a percentage indicating the region’s perceived readiness for the transition to net zero. The figures show the shocking reality of how little progress the world has made. But it also points to a more systematic approach toward the energy transition with five critical actions. Successfully addressing these priorities globally will result in a significant leap toward net zero emissions.
We need to catch up quick
We’re all behind on our energy transition targets, and the challenges are becoming ever greater and more urgent. It is time to act now. Find out more about five critical actions we all need to take and the innovations that will accelerate the transition.
“The real impact of the energy transition is really allowing communities to contribute positively. This allows them to have access to energy, the possibility of increasing green jobs and improved livelihoods, and local well-being.”Angela Consuelo Ibay, Climate Change and Energy Programme of WWF Philippines
“We need to act, and we need to act quickly.”H.E. Suhail Al Mazrouei, Minister of Energy & Infrastructure United Arab Emirates
"I strongly believe in technology. I’m sure we will find solutions that still allow for a certain level of comfort, a neutral climate and wellbeing, but we also need to change everything else about the way we live.”Hannah König, Head of Procurement, EnBw
“When talking about decarbonization in Latin America, renewable energy is an opportunity, being modernization and expansion of infrastructure a key driver to advance with equitable energy transition and economic development in the region.”Solange Ribeiro, Deputy CEO, Neoenergia (Brazil)
“If we’re going to get onto a more stable, sustainable path, we need all the constituencies in our society to build a consensus and to bring that to the political system.”Ron Brownstein, CNN Senior Political Analyst