Energy Dependency and Energy Security: The Role of Energy Effıcıency and Renewable Energy Sources (The Mahbub Ul Haq Memorial Lecture)

Abstract

National and international energy policies have very important role in regional and global power equilibrium and its importance is increasing. In this respect, diversification of energy resources and their transportations routes, efficient use of local resources and the use of existing energy resources with various technological and strategic practices in the most efficient way possible are necessary in order to improve energy security and reduce dependence on foreign energy sources. Energy efficiency and renewable energy sources stand out as an important issues especially regarding energy supply security, reducing foreign energy dependency, economic development, maintaining the balance between environment and sustainability as well as making important gains in all these issues. Thus, Improving energy efficiency saves money, reduces carbon emissions and decreases country’s dependence on foreign energy supplies. Energy security—the uninterrupted availability of energy sources at an affordable price—can also profit from improved energy efficiency by decreasing the reliance on imported fossil fuels. Possible improvements in energy efficiency are examined in six main categories: (1) buildings, (2) industry, (3) transportation, (4) electricity generation and distribution, (5) appliances and equipment, and (6) lighting

Energy crisis, greenhouse gas emissions and sectoral growth reforms: repairing the fabricated mosaic

“…The overall results indicate that there is a long-run relationship between electric power shortage and growth related factors in the regions. The number of previous studies related with the subject is consistent with the work of Ozturk (2014) and Karanfil and Li (2015). Ozturk (2014) point out the importance of energy efficiency and renewable energy sources on the subject of energy supply security, tumbling foreign energy dependency, economic development, and maintaining natural environment.…”

“…The number of previous studies related with the subject is consistent with the work of Ozturk (2014) and Karanfil and Li (2015). Ozturk (2014) point out the importance of energy efficiency and renewable energy sources on the subject of energy supply security, tumbling foreign energy dependency, economic development, and maintaining natural environment. The study further concludes that the energy efficiency saves money, lower carbon emissions and decreases country's dependence on foreign energy supplies.…”

The simultaneous impact of education and financial development on renewable energy consumption: an investigation of Next-11 countries

“…Financial development and education have a reciprocal relationship, and a solid financial system will support education development, the quality of education will be improved. On the contrary, education will provide the necessary information and knowledge about financial products and services for people and businesses, helping them manage the budget well, increasing saving resources, and promoting investment sources for society (Ozturk 2017). Raising awareness about RE will help consumers choose which renewable energy consumption suits their financial situation and conditions.…”

A Framework for Sustainable Energy Policies: A Case of Pakistan

“…resources would also offer a security for the energy demand and supply along with distribution as well for the energy customers [10]. In the energy sector, renewable resources mainly lessen the need of gas or coal importation as oil use is restricted in this area [11].…”