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Measuring Energy Supply Risks: A G7 Ranking

  • Manuel Frondel


  • Nolan Ritter
  • Christoph M. Schmidt

The security of energy supply has again become a similarly hot topic as it was during the oil crises in the 1970s, not least due to the recent historical oil price peaks. In this paper, we analyze the energy security situation of the G7 countries using a statistical risk indicator and empirical energy data for the years 1978 through 2007.We find that Germany’s energy supply risk has risen substantially since the oil price crises of the 1970s, whereas France has managed to reduce its risk dramatically, most notably through the deployment of nuclear power plants. As a result of the legally stipulated nuclear phase-out, Germany’s supply risk can be expected to rise further and to approach the level of Italy.Due to its resource poverty, Italy has by far the highest energy supply risk among G7 countries.

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Paper provided by Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen in its series Ruhr Economic Papers with number 0104.

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Length: 20 pages
Date of creation: Apr 2009
Date of revision:
Handle: RePEc:rwi:repape:0104
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  1. Manuel Frondel & Christoph M. Schmidt, 2009. "Am Tropf Russlands? Ein Konzept zur empirischen Messung von Energieversorgungssicherheit," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 10(1), pages 79-91, 02.
  2. Costantini, Valeria & Gracceva, Francesco & Markandya, Anil & Vicini, Giorgio, 2007. "Security of energy supply: Comparing scenarios from a European perspective," Energy Policy, Elsevier, vol. 35(1), pages 210-226, January.
  3. repec:rwi:repape:0052 is not listed on IDEAS
  4. Grubb, Michael & Butler, Lucy & Twomey, Paul, 2006. "Diversity and security in UK electricity generation: The influence of low-carbon objectives," Energy Policy, Elsevier, vol. 34(18), pages 4050-4062, December.
  5. Frondel, Manuel & Kambeck, Rainer & Schmidt, Christoph M., 2006. "Hard Coal Subsidies: A Never-Ending Story?," RWI Discussion Papers 53, Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI).
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