Exaum.com and Coincub.com announce the Renewable Energy Performance Index 2023

NEW YORK - Dec. 6, 2023 - PRLog --

• Europe showcased exceptional performance by securing the top 10 positions in the Index. Countries like Denmark (Rank 1, Score 0.78) and Germany (Rank 5, Score 0.56) lead in solar and wind energy​​ even as the region grappled with a notable decrease in renewable energy production last year, exacerbated by the energy crisis brought on by the war in Ukraine.
• United States: Ranked 21st (Score 0.37), the US shows a mixed approach to renewable energy, with states like Vermont reaching 99.7% renewable energy generation. However, states like West Virginia and Delaware lag with less than 10% renewable energy usage​​.
• China: Despite being a leader in the size of green energy generation, China (ranked 23rd) also holds the title of the world's biggest polluter. Its CO2 emissions skyrocketed from 489 million tonnes in 1965 to an overwhelming 10,550 million in 2022.

Insights of the Index by region

The global energy scene is heavily skewed towards fossil fuels, which comprise 82% of total consumption. Oil is the predominant source at 32%, while renewables like hydropower, wind, and solar contribute 7%, 3%, and 2%, respectively. In stark contrast to the consumption pattern, financial allocations reveal a troubling trend. The renewable sector, needing $266 trillion for a green transition, is overshadowed by substantial oil and coal subsidies investments. This disparity in funding allocation significantly hinders meaningful climate change mitigation efforts.

Methodology of the Index

The index focused on various factors, including electricity generation, electricity consumption per capita, the time required to start a business, and most importantly, the percentage of electricity generation from solar and wind sources, the fastest-growing renewable sectors.

Exaum's perspective on energy transition

Henri, CEO of Exaum, commented on the launch of the index: "With the current ranking, we aim to encourage the industry to look forward at the massive opportunities lying ahead and to focus on the right geographies in their internationalization. Identifying the most welcoming countries and those that offer the quickest chance to succeed is vital for the growth and innovation in the renewable energy sector."

Read our full Renewable Energy Performance Index 2023, (https://coincub.com/ranking/renewable-energy-performance-...) a crucial tool for identifying countries ideal for expansion by businesses specializing in wind and solar energy.

About

Exaum: A leader in accelerating the transition to green energy, Exaum is committed to solving the climate crisis through innovative solutions.

Coincub: Through its extensive research and data analysis, Coincub provides award-winning web3 insights and data, aiding companies and policymakers in making informed decisions.

Contact: Jon Lea, Chief Editor Coincub
jon@coincub.com
Dublin, D02 P593, IRELAND