Energy insecurity is a problem that has become relevant in industrialized countries. This term describes the inability of states to reliably meet energy needs and provide a constant and stable flow of energy resources to the population and industry.
Energy insecurity describes the inability of states to provide enough energy resources to meet the population’s and industry’s needs. This can lead to unconventional energy management principles, energy consumption, and resource selection (Handbook of energy and environmental security, 2022). Such issues can also lead to problems with energy system stability and exceeding energy consumption limits.
Industrial nations can combat energy insecurity by diversifying their sources of energy resources. For example, they can increase the use of renewable energy sources, such as solar and wind energy, which will allow them to reduce their dependence on energy resources located abroad. However, creating new energy sources can be expensive, particularly in the early stages when infrastructure is still being created, and technologies are still being refined (Handbook of energy and environmental security, 2022). In this case, industrially developed countries can use contracts to supply energy resources to other countries with significant energy resource reserves. Such contracts can provide stable access to energy, which will help avoid possible problems with energy shortages in the future.
Creating new technologies that will enable the more effective use of current energy sources may be a further strategy to tackle energy insecurity. For example, using more efficient heating and cooling systems can significantly reduce energy consumption in residential and commercial buildings (Handbook of energy and environmental security, 2022). In order to increase industrial production and efficiency and lessen reliance on imported energy sources, new technologies can also be developed.
In industrialized nations, combating energy insecurity can often be accomplished by combining the appropriate actions. These measures include providing the proper infrastructure for the production, delivery, and consumption of energy, preferences for the use of renewable energy resources and their integration into the general energy consumption network, supporting research and development in the field of new energy technologies, and using economic mechanisms to support and encourage the use of renewable energy resources.
Reference
Handbook of energy and environmental security. (2022). Academic Press.