Australia ranks 15th on global clean energy scorecard

Australia has ranked 15th overall in a new World Bank scorecard on sustainable energy.

The nation tied with Japan, Sweden, Spain, Finland and Austria, sitting behind Canada and the United States, and just one place ahead of China.

Called the Regulatory Indicators for Sustainable Energy (RISE), the initiative provides benchmarks to evaluate clean energy progress, and insights and policy guidance for Australia and other countries.

RISE rates country performance in three areas – renewable energy, energy efficiency, and access to modern energy using 27 indicators and 80 sub-indicators.

These include things like legal frameworks, building codes, and government incentives and policies. The results of the individual indicators are turned into an overall score.

The majority of wealthy countries score well in the scorecard.

Australia joins Chile and Argentina as the only OECD high-income countries without some form of carbon pricing mechanism.image-20170215-27402-1pngfli