Exam code:8291
Managing Energy Security
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Effective management of energy security involves implementing strategies to ensure reliable access to energy resources, whilst also addressing environmental concerns and promoting sustainability:
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Various approaches can be adopted to enhance energy security, including improving efficiency, diversifying energy sources and investing in renewable technologies
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Strategies for Managing Energy Security
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Increasing energy efficiency:
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Focuses on reducing energy waste and optimising energy consumption in various sectors through technological advancements and large-scale changes in the behaviours of human populations regarding their energy use
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Strength: reduces energy costs, enhances energy security and helps to reduce environmental impacts by minimising resource depletion and greenhouse-gas emissions
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Limitation: initial investments in energy-efficient technologies and infrastructure (i.e. setting up renewable energy sources such as wind farms, solar parks or hydroelectric dams) may be costly, requiring long-term commitment and financial resources
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Increasing energy production:
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Involves expanding energy production capacity through the development of new energy infrastructure and technologies, such as new power plants and renewable energy projects
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Strength: boosts energy supply, enhances energy independence and supports economic growth and development
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Limitation: faces regulatory challenges, environmental concerns (e.g. about increasing negative impacts on biodiversity and greenhouse gas emissions), and opposition from local communities, requiring careful planning and stakeholder engagement
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Reducing reliance on fossil fuels:
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Aims to decrease dependence on finite fossil fuels by transitioning to cleaner and more sustainable energy sources, such as renewable energy and nuclear power
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Strength: reduces greenhouse gas emissions, mitigates climate-change impacts and promotes environmental sustainability
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Limitation: requires significant investments in renewable energy infrastructure and technological innovations, as well as overcoming political and economic barriers to fossil fuel phase-out
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Investing in renewable resources and carbon-neutral fuels:
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Focuses on harnessing renewable energy sources, such as solar, wind and hydropower, and developing carbon-neutral fuels, such as biofuels and hydrogen fuel technologies
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Strength: expands the use of sustainable energy sources and reduces carbon emissions
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Limitation: faces challenges related to energy storage and infrastructure development, as well as competition with existing fossil-fuel industries
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Development of alternative energy technologies:
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Involves research, innovation and use of emerging energy technologies, such as advanced batteries, fuel cells and smart grids
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Strength: drives technological advancements, fosters innovation, and diversifies the energy mix, improving energy security and sustainability
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Limitation: high upfront costs, technological uncertainties and regulatory barriers may slow and hold back widespread adoption of alternative energy technologies.
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Investment in local energy projects:
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Encourages the development of decentralised (i.e. local, small-scale) energy systems and community-based renewable energy projects to enhance energy autonomy
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Strength: empowers local communities, promotes energy autonomy and reduces vulnerabilities that can arise when over-relying on centralised energy supply systems
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Limitation: may not contribute meaningfully to the broader energy security objectives of a region or country
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Rationing:
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Involves regulating the distribution of energy resources during times of energy scarcity or crisis, ensuring fair access and encouraging energy conservation
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Strength: can be vital for maintaining essential services during emergencies
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Limitation: may lead to social inequalities and economic disruptions, and can be challenging to enforce and implement (requires careful planning and governance)
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Responses