The findings from the London-based organisation put the UK on a par with nations such as Denmark, Sweden, Switzerland and Spain.
While it sits marginally behind each of these in fifth place, it is one of only five nations to receive an AAA energy rating.
Handling the energy ‘trilemma’
Countries awarded an AAA rating are given this as a result of their expertise in handling what is known as the energy ‘trilemma’. This refers to energy security, energy equity and environmental sustainability.
It was noted by the World Energy Council that even though the UK currently sits slightly behind the top nations on the list, it ranks very highly in terms of the sustainability of the energy system.
This positive news was expected as the government has spent big in an attempt to make the energy sector more sustainable through the use of offshore windfarms, wave technology and solar panels.
However, the World Energy Council did add that officials have not pushed through the Energy Bill as fast as they might have done – a factor which could have seen the UK ranked even higher.
In fact, David Cameron was recently criticised by Friends of the Earth for making little progress on promises made ahead of the last general election.
More work needed moving forward
In terms of the future of the energy sector in the UK, the World Energy Council report said the UK will need a far higher level of private investment if there is to be a satisfactory shift towards low carbon energy as an alternative that can help curb climate change.
It said the government can help make this a reality by improving energy infrastructure and by working with the private sector to create an effective energy policy. It also advised that there needs to be more focus on encouraging the production of low-carbon technologies in developing nations.
Joan MacNaughton, executive chair of the World Energy Trilemma report, said that there needs to be more of a pro-active approach from governmental figures.
“If countries are to improve the sustainability of their energy systems, they must continue to work hard at identifying and successfully implementing balanced and forward-looking policies,” she said.
“For its part, the private sector needs to better understand how policy is made and how to contribute to it more effectively.”