Conceptualizing energy security and the role of diversification as the key indicator against energy supply disruption

The importance of energy in modern civilization can never be denied. Developing and emerging economies of 21st century are facing dual challenge of Affordable and socially acceptable supplies of energy to its consumers. The security of energy supply and resources is one of the key objectives of glob...

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Main Authors: Tufail, Muhamad Mutasim Billah, Ibrahim, Jafni Azhan, Melan, Mustakim
Format: Article
Published: Akademia Baru 2018
Subjects:
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author Tufail, Muhamad Mutasim Billah
Ibrahim, Jafni Azhan
Melan, Mustakim
author_facet Tufail, Muhamad Mutasim Billah
Ibrahim, Jafni Azhan
Melan, Mustakim
author_sort Tufail, Muhamad Mutasim Billah
collection UUM
description The importance of energy in modern civilization can never be denied. Developing and emerging economies of 21st century are facing dual challenge of Affordable and socially acceptable supplies of energy to its consumers. The security of energy supply and resources is one of the key objectives of global energy policies. However the concept of energy security, indicators and attributes are still unclear. The major focus of the wealthy countries of the world is to make the energy more clean and sustainable at any cost. However for developing and struggling nations the major object is to get the cheap and consisting supplies of energy for better development. This paper elaborates the terminology of energy security with respect to Availability, Accessibility, Affordability and acceptably and discuss the role of diversification in mitigation of security risk. It also highlights the indices of diversity measurement in energy system.
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spelling uum-257462019-03-12T08:03:07Z https://repo.uum.edu.my/id/eprint/25746/ Conceptualizing energy security and the role of diversification as the key indicator against energy supply disruption Tufail, Muhamad Mutasim Billah Ibrahim, Jafni Azhan Melan, Mustakim HD28 Management. Industrial Management The importance of energy in modern civilization can never be denied. Developing and emerging economies of 21st century are facing dual challenge of Affordable and socially acceptable supplies of energy to its consumers. The security of energy supply and resources is one of the key objectives of global energy policies. However the concept of energy security, indicators and attributes are still unclear. The major focus of the wealthy countries of the world is to make the energy more clean and sustainable at any cost. However for developing and struggling nations the major object is to get the cheap and consisting supplies of energy for better development. This paper elaborates the terminology of energy security with respect to Availability, Accessibility, Affordability and acceptably and discuss the role of diversification in mitigation of security risk. It also highlights the indices of diversity measurement in energy system. Akademia Baru 2018 Article PeerReviewed Tufail, Muhamad Mutasim Billah and Ibrahim, Jafni Azhan and Melan, Mustakim (2018) Conceptualizing energy security and the role of diversification as the key indicator against energy supply disruption. Journal of Advanced Research in Business and Management Studies, 11 (1). pp. 1-9. ISSN 2462-1935 http://www.akademiabaru.com/arbms.html
spellingShingle HD28 Management. Industrial Management
Tufail, Muhamad Mutasim Billah
Ibrahim, Jafni Azhan
Melan, Mustakim
Conceptualizing energy security and the role of diversification as the key indicator against energy supply disruption
title Conceptualizing energy security and the role of diversification as the key indicator against energy supply disruption
title_full Conceptualizing energy security and the role of diversification as the key indicator against energy supply disruption
title_fullStr Conceptualizing energy security and the role of diversification as the key indicator against energy supply disruption
title_full_unstemmed Conceptualizing energy security and the role of diversification as the key indicator against energy supply disruption
title_short Conceptualizing energy security and the role of diversification as the key indicator against energy supply disruption
title_sort conceptualizing energy security and the role of diversification as the key indicator against energy supply disruption
topic HD28 Management. Industrial Management
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AT ibrahimjafniazhan conceptualizingenergysecurityandtheroleofdiversificationasthekeyindicatoragainstenergysupplydisruption
AT melanmustakim conceptualizingenergysecurityandtheroleofdiversificationasthekeyindicatoragainstenergysupplydisruption