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Brunei falls in energy architecture ranking
Publication Date : 13-12-2013
Brunei fell 33 places in an index that monitors and benchmarks progress made by economies in their transition to a new energy system, a World Economic Forum (WEF) report shows.
According to the Energy Architecture Performance Index (EAPI) for 2014 released the other day, Brunei placed 101st among 124 countries, down from 68th out of 105 countries last year.
Brunei’s scored 0.42 overall in a system set between a low of 0 and a high of 1.
The report indicated that Brunei is energy intensive, heavily dependent on fossil fuel, and extends fuel subsidies.
The report assessed 124 countries for components of the energy triangle, namely: economic growth and development, environmental sustainability and energy access and security.
Brunei achieved a score of 0.36 in economic growth and development, and obtained scores of 0.21 and 0.70 in environmental sustainability and energy access and security baskets respectively.
The sultanate sank close to the bottom at second last against Asean counterparts, although only eight out of the 10 members of the regional grouping were assessed.
Laos and Myanmar were not included in the report.
Within the Asean economies, Thailand sat on top of the list with a score of 0.53 and was ranked 55th worldwide, while Singapore was second in the region with a score 0.52 and a global rank of 62.
Indonesia, also scoring 0.52, was third in Asean economies and 63rd globally.
The Philippines, which achieved a score of 0.51, and Malaysia, which scored 0.48, were fourth and fifth within Asean and sat on the 64th and 71st places respectively in the global list.
Vietnam was sixth with 0.47 and was ranked 75th globally.
Cambodia, the least developed Asean economy represented in the index, scored 0.36 and was one of the lowest performers globally, at 120th. Low electric rates and over-dependence on imports of fossil fuels affected the nation’s scores across the environmental, economic and energy security components of the electric triangle, the report said.
The report said that energy intensity, import dependence and dependency on fossil fuel are among a number of challenges Asean was facing.
In terms of energy intensity, Asean countries received an average score of 0.38 against the global average of 0.48.
Brunei, Vietnam, Thailand and Indonesia have the most energy-intensive economies, all scoring below 0.30.
The report also noted that Brunei, along with Singapore and Malaysia, is overly-dependent on fossil fuel, with less than 10 per cent of total primary energy supply from alternative sources.
It also pointed out that in the case of Brunei and Malaysia, the persistence of fossil fuel subsidies impact investment in alternative low-carbon technologies.
The top 10 performers globally were Norway, New Zealand, France, Sweden, Switzerland, Denmark, Colombia, Spain, Costa Rice and Latvia respectively, with scores ranging from 0.75 to 0.66.
While these countries achieved the highest score of those studied, no single country achieves full score of 1 of the index overall.
The EAPI 2014 also stated that no single country achieved top peformance in any of the three components of the index.