Energy security Flashcards

0
Q

Measuring energy security

A

Energy security index (ESI) - it assesses the extent to which a country may look forward to a reliable and affordable supply.

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1
Q

Risks

A

Physical - Natural hazards such as earthquakes disrupt supply.
Environmental - For example protests about environmental damage caused by exploitation.
Economic - Eg. Sudden rising costs or forced imports at higher prices.
Geopolitical - Political instability in the producing countries.

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2
Q

Levels of risk - extreme risk

A

ESI values less than 2.5. Most of these countries are in northern Africa and northern South America, also South Korea.

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3
Q

High Risk

A

ESI value 2.5-5.0. Countries scattered across the globe, includes Japan and USA.

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4
Q

Medium Risk

A

ESI value 5.0-7.5. A widespread category in Europe, south and southeast Asia, and Australasia.

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5
Q

Low Risk

A

ESI greater than 7.5, countries include Canada, Norway, Russia and stable middle eastern states.

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6
Q

Characteristics of risk

A

heavy importers = high risk.
Substantial reserves = low risk.
Medium sized developed country = medium risk.

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