Demand for Energy and Energy Generation: Does Regional Energy Policy Play a Role?
Does regional energy policy play a role in regional energy generation? What does the implication of the current industrialization trend mean for the generation and the supply process across regions? And to what extent does regional energy policy affect energy security (energy supply risks) in regions? This study investigates the effect of regional energy policy on regional generation characteristics in seven regions of the World using regional panel data from 1980 to 2010 a period of 31 years although some years of data are missing. It was found that regional energy policy were been shaped by pollution concerns and that cost reduction needs had strong effects on energy security (energy generation resources supply). The method of estimation used is the quantile regression estimation method which provides robust estimates after controlling for heterscedastic errors and is robust in the presence of outliers in the response measurement. Energy policy has strong implication for access to sustainable supply of energy generation resources however it had little or no effect on energy generation itself. Industrial demand for energy particularly in the developed countries were probably also making developed countries depend on more nuclear and hydro energy generation sources.
Volume (Year): 2 (2014)
Issue (Month): 1 (June)
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