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06:10
Using Generative Art to Convey Past and Future Climate Transitions
Published on: March 31, 2023
904
Climate change dynamics for global energy security and equity: Evidence from policy stringency drivers
Vishal Dagar1, Amar Rao2, Leila Dagher3
1Department of Economics and Public Policy, Great Lakes Institute of Management, Gurgaon, 122413, Haryana, India; Centre of Excellence for Sustainable Development (CoE SD), Great Lakes Institute of Management, Gurgaon, 122413, Haryana, India.
Journal of Environmental Management
|September 17, 2024
Summary
Financial integration and political stability boost energy security, while urbanization challenges energy equity. Technological advancements improve energy distribution and access for sustainable energy development.
Area of Science:
- Economics
- Energy Policy
- Political Science
Background:
- Investigates the complex factors influencing Energy Security (ES) and Energy Equity (EE) during the global energy transition.
- Addresses the need to understand socio-economic, political, and technological influences on energy sustainability.
- Examines potential trade-offs between energy sustainability, economic growth, and equitable energy distribution.
Purpose of the Study:
- To analyze the dynamic interplay of financial integration, political stability, infrastructure, and global integration on ES and EE.
- To identify key determinants and challenges affecting energy security and equity across 50 economies.
- To provide insights for policymakers on fostering sustainable and equitable energy development.
Main Methods:
- Utilized panel data methods including System GMM, Fixed Effects, and Random Effects.
- Analyzed annual data from 2006-2018 on global integration, financial integration, infrastructure, and political stability.
- Examined the impact of various determinants on Energy Security and Energy Equity.
Main Results:
- Increased financial integration positively impacts ES by facilitating capital flow into energy infrastructure.
- Political stability is crucial for sustaining energy policies and enhancing ES.
- Urban growth and social integration challenges hinder EE, while technological advancements and digital connectivity promote it.
Conclusions:
- Financial and political integration are key enablers of Energy Security.
- Addressing urbanization challenges and leveraging technology are vital for achieving Energy Equity.
- Policy frameworks must integrate socio-economic and technological factors for balanced energy growth and sustainability.
Keywords:
Energy SecurityEnergy equityFinancial integrationInfrastructureTechnological advancementsUrbanizationMore Related Videos
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