IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v132y2019icp1262-1273.html
   My bibliography  Save this article

Securing Asia's energy future with regional integration

Author

Listed:
  • Nangia, Rita

Abstract

A fundamental shift is taking place in the geography of global energy demand towards developing countries, especially to Asia. Rapid economic growth, changing demographics, and growing urbanization mean China, India, and the other developing Asian economies will continue to account for an ever-increasing share of global energy consumption, rising to 52% of electricity, 80% of coal, and 26% of world natural gas demand by 2040 (IEA, 2018). Given the limited resource endowments, Asia's energy future remains vulnerable to global sources of supplies and price volatility, with potential threats to ongoing economic development. Regional integration of energy markets through agglomeration effects, cost efficiencies as a result of economies of scale and scope, new investments, human capability enhancements, and diversity of energy sources will help to increase Asian energy security. Till day, Asian energy markets remain fragmented and the research identifies present challenges to regional integration in Asia. The paper adopts a multidisciplinary approach to understand the inherent challenges and barriers to energy integration using two different case studies and outlines policy agenda covering politics, economics, finance, technical, governance, and institutional reforms to secure Asia's energy future.

Suggested Citation

  • Nangia, Rita, 2019. "Securing Asia's energy future with regional integration," Energy Policy, Elsevier, vol. 132(C), pages 1262-1273.
    • Handle: RePEc:eee:enepol:v:132:y:2019:i:c:p:1262-1273
    DOI: 10.1016/j.enpol.2019.06.007
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421519303775
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.enpol.2019.06.007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Farhad Taghizadeh-Hesary & Naoyuki Yoshino & Majid Mohammadi Hossein Abadi & Rosa Farboudmanesh, 2016. "Response of macro variables of emerging and developed oil importers to oil price movements," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 21(1), pages 91-102, January.
    2. Sovacool, Benjamin K. & Mukherjee, Ishani, 2011. "Conceptualizing and measuring energy security: A synthesized approach," Energy, Elsevier, vol. 36(8), pages 5343-5355.
    3. Yao, Lixia & Chang, Youngho, 2014. "Energy security in China: A quantitative analysis and policy implications," Energy Policy, Elsevier, vol. 67(C), pages 595-604.
    4. Jessica Jewell, 2011. "The IEA Model of Short-Term Energy Security (MOSES): Primary Energy Sources and Secondary Fuels," IEA Energy Papers 2011/17, OECD Publishing.
    5. International Monetary Fund, 2017. "Pakistan: Selected Issues," IMF Staff Country Reports 2017/213, International Monetary Fund.
    6. Abdelrahman Azzuni & Christian Breyer, 2018. "Definitions and dimensions of energy security: a literature review," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 7(1), January.
    7. Watcharejyothin, Mayurachat & Shrestha, Ram M., 2009. "Effects of cross-border power trade between Laos and Thailand: Energy security and environmental implications," Energy Policy, Elsevier, vol. 37(5), pages 1782-1792, May.
    8. Zhai, Fan, 2018. "China’s belt and road initiative: A preliminary quantitative assessment," Journal of Asian Economics, Elsevier, vol. 55(C), pages 84-92.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hasan, Mudassar & Arif, Muhammad & Naeem, Muhammad Abubakr & Ngo, Quang-Thanh & Taghizadeh–Hesary, Farhad, 2021. "Time-frequency connectedness between Asian electricity sectors," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 208-224.
    2. Dorband, Ira Irina & Jakob, Michael & Steckel, Jan Christoph, 2020. "Unraveling the political economy of coal: Insights from Vietnam," Energy Policy, Elsevier, vol. 147(C).
    3. Shujie Zhao & Qingbin Song & Chao Wang, 2019. "Characterizing the Energy-Saving Behaviors, Attitudes and Awareness of University Students in Macau," Sustainability, MDPI, vol. 11(22), pages 1-11, November.
    4. Darya Pyatkina & Tamara Shcherbina & Vadim Samusenkov & Irina Razinkina & Mariusz Sroka, 2021. "Modeling and Management of Power Supply Enterprises’ Cash Flows," Energies, MDPI, vol. 14(4), pages 1-17, February.
    5. Song, Yazhi & Liu, Tiansen & Ye, Bin & Li, Yin, 2020. "Linking carbon market and electricity market for promoting the grid parity of photovoltaic electricity in China," Energy, Elsevier, vol. 211(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jacek Strojny & Anna Krakowiak-Bal & Jarosław Knaga & Piotr Kacorzyk, 2023. "Energy Security: A Conceptual Overview," Energies, MDPI, vol. 16(13), pages 1-35, June.
    2. Zhang, Long & Bai, Wuliyasu & Xiao, Huijuan & Ren, Jingzheng, 2021. "Measuring and improving regional energy security: A methodological framework based on both quantitative and qualitative analysis," Energy, Elsevier, vol. 227(C).
    3. Le, Thai-Ha & Han, Phoumin & Le, Ha-Chi & Bui, Manh-Tien, 2023. "Electricity market development in Vietnam: Historical trends and future outlooks," Utilities Policy, Elsevier, vol. 81(C).
    4. Pin Li & Jinsuo Zhang, 2019. "Is China’s Energy Supply Sustainable? New Research Model Based on the Exponential Smoothing and GM(1,1) Methods," Energies, MDPI, vol. 12(2), pages 1-30, January.
    5. Zhu, Bo & Deng, Yuanyue & Hu, Xin, 2023. "Global energy security: Do internal and external risk spillovers matter? A multilayer network method," Energy Economics, Elsevier, vol. 126(C).
    6. Böhringer, Christoph & Bortolamedi, Markus, 2015. "Sense and no(n)-sense of energy security indicators," Ecological Economics, Elsevier, vol. 119(C), pages 359-371.
    7. Malik, Sadia & Qasim, Maha & Saeed, Hasan & Chang, Youngho & Taghizadeh-Hesary, Farhad, 2020. "Energy security in Pakistan: Perspectives and policy implications from a quantitative analysis," Energy Policy, Elsevier, vol. 144(C).
    8. Kang, Duan, 2024. "The establishment of evaluation systems and an index for energy superpower," Applied Energy, Elsevier, vol. 356(C).
    9. Linas Martišauskas & Juozas Augutis & Ričardas Krikštolaitis & Rolandas Urbonas & Inga Šarūnienė & Vytis Kopustinskas, 2022. "A Framework to Assess the Resilience of Energy Systems Based on Quantitative Indicators," Energies, MDPI, vol. 15(11), pages 1-25, May.
    10. Saleh Shadman & Marlia Mohd Hanafiah & Christina May May Chin & Eng Hwa Yap & Novita Sakundarini, 2021. "Conceptualising the Sustainable Energy Security Dimensions of Malaysia: A Thematic Analysis through Stakeholder Engagement to Draw Policy Implications," Sustainability, MDPI, vol. 13(21), pages 1-26, October.
    11. Gasser, Patrick, 2020. "A review on energy security indices to compare country performances," Energy Policy, Elsevier, vol. 139(C).
    12. Muñoz, Beatriz & García-Verdugo, Javier & San-Martín, Enrique, 2015. "Quantifying the geopolitical dimension of energy risks: A tool for energy modelling and planning," Energy, Elsevier, vol. 82(C), pages 479-500.
    13. Chen, Sai & Song, Yan & Ding, Yueting & Zhang, Ming & Nie, Rui, 2021. "Using long short-term memory model to study risk assessment and prediction of China’s oil import from the perspective of resilience theory," Energy, Elsevier, vol. 215(PB).
    14. Osieczko Kornelia & Polaszczyk Jan, 2018. "Comparison of chosen aspects of Energy Security Index for the natural gas sector in Poland and Ukraine," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 54(3), pages 185-196, September.
    15. Liedtke, Stephan, 2017. "Chinese energy investments in Europe: An analysis of policy drivers and approaches," Energy Policy, Elsevier, vol. 101(C), pages 659-669.
    16. Coutinho, Gabriel Leuzinger & Vianna, João Nildo & Dias, Maria Amélia, 2020. "Alternatives for improving energy security in Cape Verde," Utilities Policy, Elsevier, vol. 67(C).
    17. Walter Leal Filho & Abdul-Lateef Balogun & Dinesh Surroop & Amanda Lange Salvia & Kapil Narula & Chunlan Li & Julian David Hunt & Andrea Gatto & Ayyoob Sharifi & Haibo Feng & Stella Tsani & Hossein Az, 2022. "Realising the Potential of Renewable Energy as a Tool for Energy Security in Small Island Developing States," Sustainability, MDPI, vol. 14(9), pages 1-21, April.
    18. Wang, Kai-Hua & Zhao, Yan-Xin & Su, Yun Hsuan & Lobonţ, Oana-Ramona, 2023. "Energy security and CO2 emissions: New evidence from time-varying and quantile-varying aspects," Energy, Elsevier, vol. 273(C).
    19. Tongsopit, Sopitsuda & Kittner, Noah & Chang, Youngho & Aksornkij, Apinya & Wangjiraniran, Weerin, 2016. "Energy security in ASEAN: A quantitative approach for sustainable energy policy," Energy Policy, Elsevier, vol. 90(C), pages 60-72.
    20. Jewell, Jessica & Cherp, Aleh & Riahi, Keywan, 2014. "Energy security under de-carbonization scenarios: An assessment framework and evaluation under different technology and policy choices," Energy Policy, Elsevier, vol. 65(C), pages 743-760.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:132:y:2019:i:c:p:1262-1273. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.