The world hasn't gotten any easier for strategists and thought leaders, either. The Covid crisis, Russia's war on Ukraine, the related global energy economic crisis, and now the flare-up of the Middle East conflict. Issues that blur the continued urgent focus on #climate change?

Extreme weather events, the melting of glaciers and polar ice masses, and severe droughts have changed the awareness of society and politics. The energy transition is anchored as a goal and continues to progress globally.

A look at global #investment in the energy sector makes this clear. Within a decade, the investment volume in renewable energies has overtaken that in fossil energies. A look at the energy transition Index also shows that global activities have increased by 10 percent in the last decade, by only 6 percent in the area of system performance, but by 19 percent in the area of transition readiness.

Looking at the ETI ranking, Nordic countries such as Sweden, Finland, Norway and Denmark retain their top positions. They have made the most progress in terms of system performance and transition readiness. Germany, in 11th place in the ETI ranking, narrowly misses out on a top 10 position. France, on the other hand, manages this with 7th place. However, these countries account for only 2% of energy-related #CO2 emissions, 4% of total energy supply and 2% of the world's population.

China, the world's largest energy consumer, has stepped up its energy transition efforts by 48% in the last 10 years, twice the global average. In terms of so-called transition momentum, #India is one of the few countries that is making progress in all areas.

We have included the #UK in our chart. Reason: While the UK Government's current approach to net zero seems to be losing clarity, we want to better support our UK clients, and underline our commitment to the United Kingdom, by establishing HCE UK.

Nigeria is in the spotlight these days, as the German government is currently in Nigeria for talks. Therefore, we decided to include the ET status of Nigeria.
Interested in the topic. You can find more information here: world economic forum or directly in the Insight Report 2023.