RISE is a set of indicators to help compare national policy and regulatory frameworks for sustainable energy. It assesses countries’ policy and regulatory support for each of the three pillars of sustainable energy—access to modern energy, energy efficiency, and renewable energy. RISE is built on a wealth of empirical evidence which shows that policies and regulations matter when countries are seeking to attract investment in sustainable energy. There may be many factors that investors consider when evaluating clean energy investments, for example the existence of good practices but also the quality of the policy and the real enforcement. Therefore, it is relevant to assess the existence of policy and regulation to understand the investment environment in sustainable energy. With over 30 indicators covering 133 countries and representing over 97 percent of the world population, RISE provides a reference point to help policymakers benchmark their sector policy and regulatory framework against those of regional and global peers, and a powerful tool to help develop policies and regulations that advance sustainable energy goals.
Each indicator targets an element of the policy or regulatory regime important to mobilizing investment, such as establishing planning processes and institutions, introducing dedicated incentives or support programs, and ensuring financially sound utilities. Together, they provide a comprehensive picture of the strength and breadth of government support for sustainable energy and the actions they have taken to turn that support into reality. RISE can help national policymakers benchmark the energy sector framework against regional and global peers. It is also a valuable source of information to private investors and developers of sustainable energy projects, products, and services that ultimately make the decision on where to invest. The new edition of RISE also allows users to assess the historical implementation of policies covered by the present questionnaire dating back to 2010 to track changes in policies over time. This “time stamp” element of RISE provides a valuable means for policymakers, researchers and private sector actors to monitor progress in specific countries and analyze potential causal or corollary relationships between reforms and results.
RISE classifies countries into a green zone of strong performers in the top third of the 0-100 score range, a yellow zone of middle third performers, and a red zone of weaker performers in the bottom third.