Conceptualizing Energy Security and the Role of Diversification as the Key Indicator Against Energy Supply Disruption

Authors

  • Muhamad Mutasim Billah Tufail School of Technology Logistics and Management Universiti Utara Malaysia, 06010 Kedah, Malaysia
  • Jafni Azhan Ibrahim School of Technology Logistics and Management Universiti Utara Malaysia, 06010 Kedah, Malaysia
  • Mustakim Melan School of Technology Logistics and Management Universiti Utara Malaysia, 06010 Kedah, Malaysia

Keywords:

energy diversity, Shannon Wiener index (SWI), HerfindahlHirschman index (HHI), energy security

Abstract

The importance of energy in modern civilization can never be denied. Developing and emerging economies of 21st century are facing dual challenge of Affordable and socially acceptable supplies of energy to its consumers. The security of energy supply and resources is one of the key objectives of global energy policies. However the concept of energy security, indicators and attributes are still unclear. The major focus of the wealthy countries of the world is to make the energy more clean and sustainable at any cost. However for developing and struggling nations the major object is to get the cheap and consisting supplies of energy for better development. This paper elaborates the terminology of energy security with respect to Availability, Accessibility, Affordability and acceptably and discuss the role of diversification in mitigation of security risk. It also highlights the indices of diversity measurement in energy system.

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Published

2020-10-24

How to Cite

Billah Tufail, M. M., Ibrahim, J. A., & Melan, M. (2020). Conceptualizing Energy Security and the Role of Diversification as the Key Indicator Against Energy Supply Disruption. Journal of Advanced Research in Business and Management Studies, 11(1), 1–9. Retrieved from https://www.akademiabaru.com/submit/index.php/arbms/article/view/1287
صندلی اداری سرور مجازی ایران Decentralized Exchange

Issue

Section

Management studies
فروشگاه اینترنتی