Climate Change and Energy Security : The Dilemma or Opportunity of the Century? /

This paper investigates the connection between climate change and energy security in Europe and provides empirical evidence that these issues are the two faces of the same coin. Using a panel of 39 countries in Europe over the period 1980-2019, the empirical analysis presented in this paper indicate...

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Bibliografiska uppgifter
Huvudupphovsman: Cevik, Serhan
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2022.
Serie:IMF Working Papers; Working Paper ; No. 2022/174
Ämnen:
Länkar:Full text available on IMF
Beskrivning
Sammanfattning:This paper investigates the connection between climate change and energy security in Europe and provides empirical evidence that these issues are the two faces of the same coin. Using a panel of 39 countries in Europe over the period 1980-2019, the empirical analysis presented in this paper indicates that increasing the share of nuclear, renewables, and other non-hydrocarbon energy and improving energy efficiency could lead to a significant reduction in carbon emissions and improve energy security throughout Europe. Accordingly, policies and reforms aimed at shifting away from hydrocarbons and increasing energy efficiency in distribution and consumption are key to mitigating climate change, reducing energy dependence, and minimizing exposure to energy price volatility.
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Fysisk beskrivning:1 online resource (20 pages)
Materialtyp:Mode of access: Internet
ISBN:9798400218347
ISSN:1018-5941
Tillgång:Electronic access restricted to authorized BRAC University faculty, staff and students