Artikel

Managing energy security: The analysis of interfuel substitution and international energy trade

Energy security and affordability are major concerns in the coming winter as Germany seeks substitutes for Russia's energy supplies. We highlight the role of energy transition on its exposure to energy price shocks and its failure to include security considerations in its trading arrangements. We analyze the global trade of coal, oil, and natural gas to track 1) interfuel switching, and 2) cross-country variance in security of supply (i.e., import concentration). We examine how energy security and affordability can be improved by domestic production, interfuel demand allocation, and trade balance. We provide policy recommendations on coordination in 1) domestic energy production, 2) energy mix, and 3) new imports by destination, emphasizing the role of multinational coordination.

Sprache
Englisch

Erschienen in
Journal: EconPol Forum ; ISSN: 2752-1184 ; Volume: 23 ; Year: 2022 ; Issue: 6 ; Pages: 23-27

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Ikonnikova, Svetlana A.
Berdysheva, Sofia
Ereignis
Veröffentlichung
(wer)
CESifo GmbH
(wo)
Munich
(wann)
2022

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Ikonnikova, Svetlana A.
  • Berdysheva, Sofia
  • CESifo GmbH

Entstanden

  • 2022

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