In the last years, we were witnessing a shift from the traditional pillars of the energy sector to the one where renewable energies are replacing the coal-fired power plants. Back in 2017, The World Energy Council known as WEC also, came out with World Energy Trilemma Index, a tool that covers 125 countries and produced in cooperation with Marsh & McLennan Group.
What is World Energy Council’s Energy Trilemma Index tool
The World Energy Council’s definition of energy sustainability is based on three core dimensions: energy security, energy equity, and environmental sustainability.
Balancing these three goals constitutes a ‘trilemma’ and is the basis for prosperity and competitiveness of individual countries. Last year index reveals signs of progress since 2000: among the countries that were included, the access to electricity and clean cooking have both increased by 7% to 87% and 75%.
Romania no.7 in energy security
Romania was ranked 25th overall, ranking 7th in the sub index of energy security and 64th in energy equity, the latter referring to whether energy was affordable and accessible to consumers. In terms of environmental sustainability in energy resources Romania was ranked 23rd.
21 of the top 25 countries in the index are European, exceptions being New Zealand (9th), United States (15th), Canada (21st) and Singapore (22nd).
Denmark was no. 1 followed by Sweden, Switzerland, Netherlands, United Kingdom, Germany, Norway and France. Romania completed the list at no. 25.
Sandra Tanase
Managing Partner | Head of Israel Mission
Mob: +40 79 9999299