The energy-rich former Soviet republic Azerbaijan has jumped up by four points and acquired the 27th position among 125 Countries in World Energy Trilemma Index 2018 published by the World Energy Council (WEC) in partnership with global consultancy Oliver Wyman.
Last year, Azerbaijan stood at 31st place in the WEC’s Energy Trilemma Index which ranks Countries’ energy performance on three dimensions; (1) Energy Security, (2) Energy Equity, and (3) Environmental Sustainability based on global and national data.
In the Energy Trilemma Index, Denmark stood atop followed by Switzerland and Sweden at 2nd and 3rd positions respectively for maintaining well-balanced energy systems.
Likewise, Netherlands, United Kingdom (UK), Slovenia, Germany, New Zealand, Norway and France were also ranked from 4th to 10th positions respectively in top 10 performers.
Pakistan achieved the 103 position in the trilemma index with CCC balance score.
According to Azerbaijan state-run news agency Azertac, Azerbaijan is enriched with advanced energy infrastructure, fossil-fuel resources and energy system, providing itself needed capacity.
The energy security of Azerbaijan is formed by the principles of the reliable energy supply of strategic and important objects, security of the pipelines, diversification of energy sources, considerate of environmental requirements and efficient usage of energy resources.
World Energy Council (WEC)
Formed in 1923 as the UN accredited global energy body, the WEC is the principal impartial network of energy leaders and practitioners promoting an affordable, stable and environmentally sensitive energy system for the greatest benefit of all.
The WEC represents the entire energy spectrum, with over 3,000 member organisations in over 90 Countries, drawn from governments, private and state corporations, academia, non-governmental organizations (NGOs) and energy stakeholders.
World Energy Trilemma Index
The World Energy Trilemma Index prepared annually by the WEC in partnership with Oliver Wyman is a comparative ranking of 125 Countries’ energy systems. It provides an assessment of a Country’s energy system performance, reflecting balance and robustness in the three trilemma dimensions including Energy Security, Energy Equity and Environmental Sustainability.