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Sense and No(n)-Sense of Energy Security Indicators

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  • Christoph Böhringer

    (University of Oldenburg, Department of Economics)

  • Markus Bortolamedi

    (University of Oldenburg, Department of Economics)

Abstract

Energy security ranks high on the policy agenda of many countries. To improve on energy security, governments undertake regulatory measures for promoting renewable energy, increasing energy efficiency, or curbing carbon dioxide emissions. The impacts of such measures on energy security are typically monitored by means of so-called energy security indicators. In this paper, we show that the common use of wide-spread energy security indicators falls short of providing a meaningful metric. Regulatory measures to improve on energy security trigger ambiguous effects across energy security indicators. We conclude that a major pitfall of energy security indicators is the lack of a rigorous microeconomic foundation.

Suggested Citation

  • Christoph Böhringer & Markus Bortolamedi, 2015. "Sense and No(n)-Sense of Energy Security Indicators," Working Papers V-381-15, University of Oldenburg, Department of Economics, revised Jul 2015.
    • Handle: RePEc:old:dpaper:381
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    More about this item

    Keywords

    energy security; energy security indicators; computable general equilibrium analysis;
    All these keywords.

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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