India 5th Largest Energy Earner in the World, 3rd in Renewables

According to a new study, India ranks fifth in the world when it comes to the world’s largest earners from energy industries and India 3rd for renewables

According to a new study, India ranks fifth in the world when it comes to the world’s largest earners from energy industries. And for the rankings to judge a country’s ambition for alternative energy sources or renewables, India finished 3rd globally.

According to the study released by British Business Energy, the valuation of the world’s biggest earners from their energy industry was compiled by combing the values of the energy companies in a country to find out which country makes the most. According to the results furnished in the study, the United States leads the rest of the world when it comes to making money from its energy industry. In the second position, with almost a third of the value of the US, is China. Followed by Russia, the Netherlands, and in fifth position India.

The report also released the list of the top 10 nations when the revenue of the countries energy industries were pitted against its GDP to judge how much they contribute to it. Surprisingly enough, the United States finished outside the top 10 as the Netherlands took the first position with its energy industry contributing 46.76 percent to its GDP. Followed by Russia, Norway, Hong Kong, and Thailand. India finished sixth on the list with the energy industry contributing to 13.25 percent of its GDP.

In the top 10 countries for energy employment, which tracked the number of people (per thousand) that are employed in the country’s energy industry Hong Kong leaped to the front with 18 (per 1000), followed by Russia in second with 17 (per 1000). France and Netherlands with 9 each (per 1000) finished 3rd. India did not make it into the top 10 for this list.

Finally, for renewable energy, the study revealed the ranking based on an individual country’s investment in the sector, partial usage or plans to use renewable energy, and more. The US was back on top with an overall rating of 7, Brazil finished 2nd with a score of 6.5, and India closed out the top 3 with a score of 6.3.

“As a global population we are becoming more environmentally conscious, but with the demand for energy increasing it’s important to highlight the economies which are leading the way for revenue but also employment and renewable energy production,” Ian Wright, Managing Director, British Business Energy said.