0 the fact that a place is able to produce or obtain enough energy (= electricity, fuel, etc.) for the needs of the people who live there: --
The new president put a greater focus on energy security rather than environmental protection.
With energy security, we are talking about the security of our economies and our way of life.
To provide some answers to these questions, it is necessary to explore the nature of energy security risks, and to explore theoretically the relationship between diversification and security risks.
Ensuring energy security is no trivial task when the probability of disruptions and possible interactions between them are potentially so uncertain.
The results of the paper have implications beyond simply providing some measures of energy security risks.
It uses portfolio theory to conceptualise energy security as an insurance mechanism against disruptions to energy import markets.
In its simplest form, it suggests that diversification can enhance energy security by reducing the risks of market disruptions.
It treats energy security as insurance against risks of supply disruptions, and applies portfolio theory to analyse those security risks.
Theoretically informed assessments of risk provide more scope for explicitly targeted policy responses to ensuring energy security.
