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Three Blind Men and an Elephant: The Case of Energy Indices to Measure Energy Security and Sustainability

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  • Kapil Narula
  • B. Sudhakara Reddy

Abstract

An 'Energy Index', which is aggregated from energy indicators is a rich source of information and is helpful in providing an assessment of a country's performance. This has, however, resulted in mushrooming of a plethora of indices, which claim to quantify the performance of a country in attaining the goal of energy security and energy sustainability. The paper attempts to compare three different indices, viz., 'Energy Sustainability Index', 'International Index of Energy Security Risk', 'Energy Architecture Performance Index' and their variants to establish whether they provide consistent rankings for various countries.

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  • Kapil Narula & B. Sudhakara Reddy, 2014. "Three Blind Men and an Elephant: The Case of Energy Indices to Measure Energy Security and Sustainability," Working Papers id:5989, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:5989
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    Cited by:

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    2. Piotr Kosowski & Katarzyna Kosowska, 2021. "Valuation of Energy Security for Natural Gas—European Example," Energies, MDPI, vol. 14(9), pages 1-19, May.
    3. Tomasz Rokicki & Aleksandra Perkowska, 2021. "Diversity and Changes in the Energy Balance in EU Countries," Energies, MDPI, vol. 14(4), pages 1-19, February.
    4. Sofia Berdysheva & Svetlana Ikonnikova, 2021. "The Energy Transition and Shifts in Fossil Fuel Use: The Study of International Energy Trade and Energy Security Dynamics," Energies, MDPI, vol. 14(17), pages 1-26, August.
    5. Gabriel POPESCU & Dan BOBOC & Mirela STOIAN & Alina ZAHARIA & Georgiana Raluca LADARU, 2017. "A Cross-Sectional Study of Sustainability Assessment," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 51(1), pages 21-36.
    6. Rafael Ninno Muniz & Stéfano Frizzo Stefenon & William Gouvêa Buratto & Ademir Nied & Luiz Henrique Meyer & Erlon Cristian Finardi & Ricardo Marino Kühl & José Alberto Silva de Sá & Brigida Ramati Per, 2020. "Tools for Measuring Energy Sustainability: A Comparative Review," Energies, MDPI, vol. 13(9), pages 1-27, May.
    7. Pin Li & Jin-Suo Zhang, 2018. "A New Hybrid Method for China’s Energy Supply Security Forecasting Based on ARIMA and XGBoost," Energies, MDPI, vol. 11(7), pages 1-28, June.
    8. Sergio Fuentes & Roberto Villafafila-Robles & Eduardo Lerner, 2020. "Composed Index for the Evaluation of the Energy Security of Power Systems: Application to the Case of Argentina," Energies, MDPI, vol. 13(15), pages 1-18, August.
    9. Debin Fang & Shanshan Shi & Qian Yu, 2018. "Evaluation of Sustainable Energy Security and an Empirical Analysis of China," Sustainability, MDPI, vol. 10(5), pages 1-23, May.
    10. Magdalena Tutak & Jarosław Brodny & Peter Bindzár, 2021. "Assessing the Level of Energy and Climate Sustainability in the European Union Countries in the Context of the European Green Deal Strategy and Agenda 2030," Energies, MDPI, vol. 14(6), pages 1-32, March.

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    More about this item

    Keywords

    energy indices; security; sustainability; energy index; indicators; prices;
    All these keywords.

    JEL classification:

    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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