New Zealand has gained one place moving to eighth in the latest global ranking of national energy performance by the World Energy Trilemma Index.
New Zealand is the only non-European country to rank in the global top ten, according to a media release from BusinessNZ Energy Council.
This year Denmark, Switzerland and Sweden top the index again, with Denmark also achieving the highest score for energy security.
The World Energy Council’s Energy Trilemma Index ranks 130 countries on how well they are achieving a balance between energy security, energy equity and environmental sustainability.
While ranking eighth overall, New Zealand’s 2018 rank for sustainability and equity has dropped due to the relative improved performance of other countries.
“Overall, New Zealand continues to successfully balance the trilemma energy goals with a balance score of AAB,” BEC chair David Caygill said.
“It is encouraging to see New Zealand policy and business leaders using this tool to better manage the energy sector’s complexity. For example, just recently the trilemma has been used to shape the electricity price review.”
Globally, countries are facing three trends impacting on energy demand and supply: decarbonisation, digitalisation and decentralisation. This year’s Asia-Pacific Energy Leader Summit will showcase the use of digitalisation and decentralisation to decarbonise economies.
“New Zealand is among the world leaders in energy digitalisation and we should leverage this advantage as we face the challenge of meeting the nation’s Paris climate change commitments,” Caygill said.
