Energy Security

Question 1

Factors affecting energy security

Answer 1

Abundance of natural resource

Level of development

Type of energy used

Importer/ Exporter

Question 2

Energy secure example

Answer 2

USA secure in terms of natural oil + gas and diverse mix (19% renewables)

High domestic prod = less affected by global price fluctuations/ disruptions e.g. conflicts from exporters

However, high reliance of finite resources, insecure in future?

Should invest in more renewables, likely attainable as one of largest economies

Overall energy secure

Question 3

Energy insecure example

Answer 3

EU less insecure in terms of many imports

High reliance on Nordstream, which is unreliable due to conflict

Germany 55% gas is Russian

However, EU successfully reducing Russian gas (Germany now 4%)

More secure if invest in more renewables instead of heavy reliance of fossil fuels, however many countries landlocked etc.. so are renewables reliable enough?

Question 4

Energy secure example

Answer 4

UK secure in terms of diverse mix (47% renewables)

Hornsea 1 offshore wind farm, continuing renewable investment

Long term reliability for renewables and domestically produce

However, still import 35% oil + gas, affects poorer households with price fluctuations (e.g. energy up after Ukraine war)

Overall secure