Measuring the security of external energy supply in the European Union
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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Measuring the security of external energy supply in the European Union. / Le Coq, Chloe; Paltseva, Elena.
I: Energy Policy, Bind 37, Nr. 11, 2009, s. 4474-4481.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Measuring the security of external energy supply in the European Union
AU - Le Coq, Chloe
AU - Paltseva, Elena
N1 - JEL classification: Q4, Q48, C8
PY - 2009
Y1 - 2009
N2 - The security of energy supply is one of the main objectives of EU energy policy. In this paper, we introduce an index designed to evaluate the short-term risks associated with the external supply of energy to the EU Member States. It combines measures of energy import diversification, political risks of the supplying country, risk associated with energy transit, and the economic impact of a supply disruption. We construct separate indexes for three primary energy types, oil, gas and coal, and demonstrate that Member States’ levels of supply risk exposure differ across energies. Most other studies of this kind provide aggregate indexes combining different types of energy. Our results suggest that an aggregate approach could be misleading, at least for discussions of the short-term response to risks. We discuss the implications of our findings for the common energy policy.
AB - The security of energy supply is one of the main objectives of EU energy policy. In this paper, we introduce an index designed to evaluate the short-term risks associated with the external supply of energy to the EU Member States. It combines measures of energy import diversification, political risks of the supplying country, risk associated with energy transit, and the economic impact of a supply disruption. We construct separate indexes for three primary energy types, oil, gas and coal, and demonstrate that Member States’ levels of supply risk exposure differ across energies. Most other studies of this kind provide aggregate indexes combining different types of energy. Our results suggest that an aggregate approach could be misleading, at least for discussions of the short-term response to risks. We discuss the implications of our findings for the common energy policy.
KW - Faculty of Social Sciences
KW - index
KW - security of supply
KW - supply risk
U2 - 10.1016/j.enpol.2009.05.069
DO - 10.1016/j.enpol.2009.05.069
M3 - Journal article
VL - 37
SP - 4474
EP - 4481
JO - Energy Policy
JF - Energy Policy
SN - 0301-4215
IS - 11
ER -
ID: 14247066