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- W4285193054 abstract "The rapidly rising energy demand has posed challenges to many nations across the world, and the developing countries, in particular, have been affected by a unique mix of issues and needs due to the growing populations, rapid urbanization, increasing demands for a better quality of life for the populace, as well as the growth in industrial and economic activity. In its simplest form, energy security indicates the ability to access uninterrupted energy services at an affordable price, while energy independence refers to the ability of a country to protect itself from the variations and shocks in the global market. Ensuring energy security and energy independence is essential for economic development and social well-being in developing countries. Thus, the energy demand and supply models need to be rethought and redefined to ensure that the energy futures of developing countries are more secure. In this chapter, the parameters and interrelationships that govern the complex nexus of supply, demand, and energy security in developing countries are discussed in detail. A pathway for energy security index development and a cognitive map indicating interrelationships between key parameters determining the energy security were developed to support future research studies in developing globally applicable energy security indexes. Moreover, specific opportunities and challenges faced by developing nations in achieving energy security and energy independence depending on its unique characteristics and conditions were discussed, taking South Asia as a case study. Finally, the need for developing a globally recognized framework for carbon economy, in order to help realize the goal of universal energy security, especially for the developing world was discussed. The content will be helpful for researchers, policymakers, and other stakeholders in gaining a detailed insight regarding the provision of a sustainable and secure energy supply to a developing nation." @default.
- W4285193054 created "2022-07-14" @default.
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- W4285193054 date "2022-01-01" @default.
- W4285193054 modified "2023-09-25" @default.
- W4285193054 title "Overcoming the energy security challenges in developing countries" @default.
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- W4285193054 doi "https://doi.org/10.1016/b978-0-12-824084-7.00021-7" @default.
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