Essay on Regional Dimension in Energy Security

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ESSAY ON REGIONAL DIMENSIONS OF ENERGY SECURITY
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Table of Contents
Introduction......................................................................................................................................3
Regional dimension in energy security............................................................................................4
Bibliography..................................................................................................................................14
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Introduction
The most important and valuable part of the world is the energy. Ensuring security of the energy
the future world can conduct their proper growth. In order to secure the energy almost every
country from all over the world takes various steps. Based on their quantity of energy they are
trying to secure their energy for future. Maintaining various policies and procedures and
following rules and regulations the countries in various parts of the world are securing their
energy. The energy of the countries is fuel, gas, electricity, oil and so on. Building the proper
plan of expenditure the countries are trying to secure their energies. The proper policies and the
appropriate steps of the countries and different regions can build proper planning of the security
of the energies and can save the energies for their future use.
According to Ang et al. (20158, 1077), energy security is the association that deals with the
availability of the natural resources and provides proper security to the resources for the future
requirements. It distributes the natural resources to the leading countries in the energy security
process. The renewal process of the energies also conducted by the associations and renewable
the energies the association can ensure both the security of energy and also the commercial
benefits.
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Regional dimension in energy security
Energy security is prolonged towards creating more secure and comprehensive energy
distribution and usage. It is an association between energy consumption and conservation of
natural resources. Cheap energy has become essential for modern economies to function
efficiently. However, uneven and disintegrated distribution and supply of energy resources has
given rise to vulnerabilities. Energy security aims for providing security to the availability of
depleting natural resources due to higher demand in energy sector and government world over
have felt the need for controlling and preventing overexploitation of natural fossil fuels
(Gracceva and Zeniewski, 2014, p.340).
In recent times, rapid and uncontrolled growth in the demand for fossil fuels, such as oil, coal
and natural gas has increased significantly in specific regions comprising developing nations
coupled with faster depletion of conventional natural reserves, like in North Sea. This has
resulted in higher and fluctuating prices in energy sector, drawing greater concern for secure and
well connected energy sector.
Energy security works in establishing the security of energy sector. There are several possible
ways for measuring energy security of a nation such as analyzing continuity of fossil supplies,
total energy resources, service supplies and continuity of economic performance (Ang et al.
2015, p.1082). However, energy security has primarily been associated with security of fossil
supplies. Recently, all nations have woken up came together for the purpose of energy security,
and have undertaken significant initiatives in integrating the regional dimensions associated with
it.
Long term security: Long term energy security aims at providing security that lasts longer and
benefits wholly through generations. Long-term measures for energy security involve reducing
dependency on only one imported energy source through increasing suppliers, extensively using
alternative renewable sources and decreasing overall demands for fossil fuels in energy sector. It
also includes states to enter into international trade agreements with other regions to encourage
international energy trading relationship and practice conservation measures on global scale.
Influence of 1973 Oil Crisis and subsequent emergence of OPEC was a long-term solution
prompting countries to increases energy security. As a result, Japan, which used to heavily
depend on imported oil readily, increased use of natural resources, nuclear power and high-speed
transit system and energy conservation techniques (Welsch et al. 2014, p.612). USA has reduced
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