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We consider the Yamabe type family of problems $\left(P_{\epsilon }\right):-\Delta u_{\epsilon }=u_{\epsilon }^{(n+2)/\left(n-2\right)}$, $u_{\epsilon }>0$ in $A_{\epsilon }$, $u_{\epsilon }=0$ on $\partial A_{\epsilon }$, where $A_{\epsilon }$ is an annulus-shaped domain of ${ℝ}^n$, $n\ge 3$, which becomes thinner as $\epsilon \to 0$. We show that for every solution $u_{\epsilon }$, the energy ${\int }_{A_{\epsilon }}|\nabla u_{|}^2$ as well as the Morse index tend to infinity as $\epsilon \to 0$. This is proved through a fine blow up analysis of appropriate scalings of solutions whose limiting profiles are regular, as well as of singular solutions of some elliptic problem on ${ℝ}^n$, a half-space or an infinite strip. Our argument also involves a Liouville type theorem...