How to measure security of supply?
September 9th, 2007Everybody talks about security of supply these days, but there have been few attempts to put figures on this concept. In this contribution we develop an index to measure security of supply for the main fuels based on a measurement of diversity derived from biology. Our extended index takes into account the political stability of the exporting country, and the domestic energy production of the importing country or region. We apply the indicators and find that, in international comparison, Europe’s supply security is less critical than generally argued. Continue reading »
