Energy security, energy modelling and uncertainty

Anil Markandya; M Pemberton

doi:10.1016/j.enpol.2009.01.046

Energy security, energy modelling and uncertainty

Anil Markandya, M Pemberton

Department of Economics

Research output: Contribution to journal › Article › peer-review

37 Citations (SciVal)

Abstract

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 language	English
Pages (from-to)	1609-1613
Number of pages	5
Journal	Energy Policy
Volume	38
Issue number	4
DOIs	https://doi.org/10.1016/j.enpol.2009.01.046
Publication status	Published - Apr 2010

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

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10.1016/j.enpol.2009.01.046

Cite this

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Energy security, energy modelling and uncertainty

Abstract

UN SDGs

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