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

Author

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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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    References listed on IDEAS

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    1. Bohringer, Christoph & Jochem, Patrick E.P., 2007. "Measuring the immeasurable -- A survey of sustainability indices," Ecological Economics, Elsevier, vol. 63(1), pages 1-8, June.
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    4. Bohi, Douglas R. & Toman, Michael A., 1993. "Energy security: externalities and policies," Energy Policy, Elsevier, vol. 21(11), pages 1093-1109, November.
    5. Le Coq, Chloé & Paltseva, Elena, 2009. "Measuring the security of external energy supply in the European Union," Energy Policy, Elsevier, vol. 37(11), pages 4474-4481, November.
    6. Sovacool, Benjamin K. & Saunders, Harry, 2014. "Competing policy packages and the complexity of energy security," Energy, Elsevier, vol. 67(C), pages 641-651.
    7. Michael Freudenberg, 2003. "Composite Indicators of Country Performance: A Critical Assessment," OECD Science, Technology and Industry Working Papers 2003/16, OECD Publishing.
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    Cited by:

    1. repec:eee:rensus:v:82:y:2018:i:p3:p:2287-2299 is not listed on IDEAS
    2. repec:eee:ecolec:v:141:y:2017:i:c:p:245-260 is not listed on IDEAS
    3. repec:eee:energy:v:138:y:2017:i:c:p:890-901 is not listed on IDEAS
    4. Valdés Lucas, Javier Noel & Escribano Francés, Gonzalo & San Martín González, Enrique, 2016. "Energy security and renewable energy deployment in the EU: Liaisons Dangereuses or Virtuous Circle?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 1032-1046.
    5. García-Gusano, Diego & Iribarren, Diego & Garraín, Daniel, 2017. "Prospective analysis of energy security: A practical life-cycle approach focused on renewable power generation and oriented towards policy-makers," Applied Energy, Elsevier, vol. 190(C), pages 891-901.

    More about this item

    Keywords

    energy security; energy security indicators; computable general equilibrium analysis;

    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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