Long-term energy services security: What is it and how can it be measured and valued?
The paper reviews some recent approaches towards measuring the extent of long-term energy security and security externality valuation. It starts out to discuss the contextual connotations of notions of 'energy security' in medium to long-term time frames and reviews some indicators that have been proposed to quantify it. Special attention is paid to two of these approaches, which the authors helped to develop, i.e. diversity-based indices and the Supply/Demand Index. The paper takes issue with conventional welfare economic approaches that neglect: (i) the scope on the demand side for raising security and (ii) negative feedback mechanisms of socio-political impacts of international rent transfers in fossil fuels exporting countries. The concept of energy services security is proposed with a demand-side focus. This enables application of an integrated approach to gauge the resilience of a society to meet the needs of its population for energy services over longer timescales ahead from various interrelated perspectives. Propositions are made on the attribution of security externalities to the use of fossil fuels, policies, and suggestions for further improvements of measures for energy services security.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Grubb, Michael & Butler, Lucy & Twomey, Paul, 2006.
"Diversity and security in UK electricity generation: The influence of low-carbon objectives,"
Elsevier, vol. 34(18), pages 4050-4062, December.
- Grubb, M. & Butler, L. & Sinden, G., 2005. "Diversity and Security in UK Electricity Generation: The Influence of Low Carbon Objectives," Cambridge Working Papers in Economics 0511, Faculty of Economics, University of Cambridge.
- Sachs, J-D & Warner, A-M, 1995.
"Natural Resource Abundance and Economic Growth,"
517a, Harvard - Institute for International Development.
- Collier, Paul, 2008. "The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It," OUP Catalogue, Oxford University Press, number 9780195374636, March.
- Bolinger, Mark & Wiser, Ryan & Golove, William, 2006. "Accounting for fuel price risk when comparing renewable to gas-fired generation: the role of forward natural gas prices," Energy Policy, Elsevier, vol. 34(6), pages 706-720, April.
- Stirling, Andrew, 1994. "Diversity and ignorance in electricity supply investment : Addressing the solution rather than the problem," Energy Policy, Elsevier, vol. 22(3), pages 195-216, March.
- Segers, Reinoud, 2008. "Three options to calculate the percentage renewable energy: An example for a EU policy debate," Energy Policy, Elsevier, vol. 36(9), pages 3243-3248, September.
- Ruud de Mooij & Paul Tang, 2003. "Four futures of Europe," CPB Special Publication 49, CPB Netherlands Bureau for Economic Policy Analysis.
When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:38:y:2010:i:4:p:1654-1664. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.