Austria

Index rank 04

Balance Score

AAB

Energy Sustainability Index Rankings and Balance Score

 2011  2012  2013  Trend Score
Energy Performance  5  3  5   
Energy Security  31  30  33  B
Energy Equity  11  7  7  A
Environmental Sustainability  7  7  7  A
         
Contextual Performance  11  12  12   
Political Strength  11  9  12   
Societal Strength  13  16  16   
Economic Strength  26  28  27   
         
Overall Rank  5  4  4  AAB
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Fossil Fuel Reserves

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Key Metrics

Industrial sector (% of GDP) 29.4
TPEP / TPEC  (net energy importer) 0.36
Emission intensity (kg CO2 per USD) 0.21
Energy affordability (USD per kWh) 0.25
GDP / capita (PPP, USD); GDP Group 41,556 (I)
Energy intensity (million BTU per USD) 0.11
CO2 emissions (metric tons CO2 per capita) 7.48
Population Access to Electricity (%) 100.0
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Index Commentary

Austria continues to balance the three dimensions of the trilemma well and its overall performance on both the energy and contextual dimensions changes little. As a result, Austria maintains its 4th place in the overall Index ranking. Energy security remains the country’s weakest dimension with shrinking oil stocks and an energy consumption growth rate that is outpacing its economic growth. For the most part, energy equity and environmental sustainability indicators remain stable and best-in-class, although CO2 emissions from electricity generation are back up after a 20% drop in 2012. Performance on contextual indicators is very good with no notable changes.

Trends and Outlook

The Energy Sustainability Index reflects Austria’s situation very well. Energy security, however, does not yet reflect the countries achieved accomplishments. For example, Austria’s increasing energy self-sufficiency, which is also one of the country’s main long goals; or the progress since 1980 in the renewable energy sector, where Austria has more than doubled the production of renewable energy.

Policy developments in Austria and targets for 2020 are compatible and in line with EU policy, including: an increase of the share of energy consumption produced from renewable resources to 34% by 2020; reducing greenhouse gas emissions by 16% from 2005 levels for sectors not included in EU-ETS and 21% from 2005 levels for sectors included in EU-ETS; and a 20% improvement in energy efficiency. In addition, Austria set the goal of achieving 100% energy self-sufficiency with renewables by 2050. Lastly, Austria’s Sustainability Strategy lists 20 goals to: increase quality of life overall; strengthen economic growth; support sustainable goods and services; and optimise the transport system.

Key issues policymakers need to focus on are: 1) reduce dependence on energy imports; 2) increase efforts around energy efficiency and energy savings; 3) decrease energy intensity; and 4) increase the use of renewable energy.