Energy security, energy modelling and uncertainty

Anil Markandya, M Pemberton

Research output: Contribution to journalArticlepeer-review

35 Citations (SciVal)


The paper develops a framework to analyze energy security in an expected utility framework, where there is a risk of disruption of imported energy. The analysis shows the importance of an energy tax as a tool in maximizing expected utility, and how the level of that tax varies according to the key parameters of the system: risk aversion, probability of disruption, demand elasticity and cost of disruption.
Original languageEnglish
Pages (from-to)1609-1613
Number of pages5
JournalEnergy Policy
Issue number4
Publication statusPublished - Apr 2010


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