Indian energy security status: what are the economic and environmental implications?

Babajide, Nathaniel

Abstract

India's energy system is facing a rapidly increasing energy deficit despite the government's keen attention in developing renewable sources of energy, especially nuclear, solar and wind. Statistics from British Petroleum (BP) (2015) reveal that fossil fuels constitute more than 90% of the nation's Total Primary Energy Consumption (TPEC) with coal accounting for 56%, while crude oil and natural gas contributes 28% and 7%, respectively. This couples with the fact that India heavily depends on foreign energy to meet its domestic energy needs. The purpose of this paper is to examine the economic and environmental implications of energy supply insecurity in India by accessing the extent to which the country's primary energy sources are efficient and diversified. The paper is structured into five sections, including this Introduction. Section 2 provides an overview of the economic, energy and environmental situation in India. Section 3 presents the methodology and results of key energy security indicators adopted. While Section 4 presents the results of the analysis performed on the considered energy security indicators, Section 5 concludes the study.

Citation

BABAJIDE, N. 2018. Indian energy security status: what are the economic and environmental implications? IAEE energy forum [online], 27(2nd quarter), pages 47-51. Available from: https://www.iaee.org/en/publications/newsletterdl.aspx?id=469

• Journal Article Type: Article
• Acceptance Date: May 18, 2018
• Online Publication Date: May 18, 2018
• Publication Date: Jun 30, 2018
• Deposit Date: Feb 22, 2024
• Publicly Available Date: Feb 26, 2024
• Journal: IAEE energy forum
• Electronic ISSN: 1944-3188
• Publisher: International Association for Energy Economics
• Peer Reviewed: Peer Reviewed
• Volume: 27
• Issue: 2nd quarter
• Pages: 47-51
• Keywords: Energy systems; Renewable energy; Energy supply insecurity; India
• Public URL: https://rgu-repository.worktribe.com/output/2249853
• Publisher URL: https://www.iaee.org/newsletter/issue/49