Energy security and energy management: The role of extreme natural events

Humans remain exposed to ongoing security risks. Energy security is closely associated with human life and productive activity and is strongly related to the increasing number of natural extreme events over the past few decades. Therefore, finding the exact relationship between two factors will cont...

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Main Authors: Lei Qiu, Xiaoyang Wang, Jia Wei
Format: Article
Language:English
Published: Elsevier 2023-06-01
Series:Innovation and Green Development
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S294975312300019X
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author Lei Qiu
Xiaoyang Wang
Jia Wei
author_facet Lei Qiu
Xiaoyang Wang
Jia Wei
author_sort Lei Qiu
collection DOAJ
description Humans remain exposed to ongoing security risks. Energy security is closely associated with human life and productive activity and is strongly related to the increasing number of natural extreme events over the past few decades. Therefore, finding the exact relationship between two factors will contribute to uncovering solutions to achieve the sustainability of human production and life. This study built a fixed-effect model that revealed an inverted U-shaped correlation between natural extreme events and energy security based on a sample of 66 of the top 75 energy-consuming economies between 2000 and 2018 at the macro-level. The results show that trade openness and urbanization had a negative influence on energy security but positive effects on GDP per capita and industrialization. The findings of this study can help to mitigate the effects of natural extreme events and provide a reference for establishing national or regional cooperative organizations to promote energy management.
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spelling doaj.art-14652782d015442598941d35b36083f72023-08-05T05:18:45ZengElsevierInnovation and Green Development2949-75312023-06-0122100051Energy security and energy management: The role of extreme natural eventsLei Qiu0Xiaoyang Wang1Jia Wei2School of Economics and Management, Northwest University, Shaanxi, ChinaSchool of Economics and Finance, Xi'an Jiaotong University, Xi'an, ChinaSchool of Economics and Finance, Xi'an Jiaotong University, Xi'an, China; Corresponding author. No. 74, Yanta West Road, Xi'an, Shaanxi Province 710061, China.Humans remain exposed to ongoing security risks. Energy security is closely associated with human life and productive activity and is strongly related to the increasing number of natural extreme events over the past few decades. Therefore, finding the exact relationship between two factors will contribute to uncovering solutions to achieve the sustainability of human production and life. This study built a fixed-effect model that revealed an inverted U-shaped correlation between natural extreme events and energy security based on a sample of 66 of the top 75 energy-consuming economies between 2000 and 2018 at the macro-level. The results show that trade openness and urbanization had a negative influence on energy security but positive effects on GDP per capita and industrialization. The findings of this study can help to mitigate the effects of natural extreme events and provide a reference for establishing national or regional cooperative organizations to promote energy management.http://www.sciencedirect.com/science/article/pii/S294975312300019XEnergy securityEnergy managementNatural extreme events
spellingShingle Lei Qiu
Xiaoyang Wang
Jia Wei
Energy security and energy management: The role of extreme natural events
Innovation and Green Development
Energy security
Energy management
Natural extreme events
title Energy security and energy management: The role of extreme natural events
title_full Energy security and energy management: The role of extreme natural events
title_fullStr Energy security and energy management: The role of extreme natural events
title_full_unstemmed Energy security and energy management: The role of extreme natural events
title_short Energy security and energy management: The role of extreme natural events
title_sort energy security and energy management the role of extreme natural events
topic Energy security
Energy management
Natural extreme events
url http://www.sciencedirect.com/science/article/pii/S294975312300019X
work_keys_str_mv AT leiqiu energysecurityandenergymanagementtheroleofextremenaturalevents
AT xiaoyangwang energysecurityandenergymanagementtheroleofextremenaturalevents
AT jiawei energysecurityandenergymanagementtheroleofextremenaturalevents