Department of Economics and Public Policy, Great Lakes Institute of Management, Gurgaon, 122413, Haryana, India; Centre of Excellence for Sustainable Development (CoE SD), Great Lakes Institute of Management, Gurgaon, 122413, Haryana, India.
School of Management, BML Munjal University, Gurugram, Haryana, 122413, India; Széchenyi István University of Győr, Győr, Hungary.
J Environ Manage. 2024 Nov;370:122484. doi: 10.1016/j.jenvman.2024.122484. Epub 2024 Sep 18.
This study investigates the dynamic interplay between financial integration, political stability, infrastructure, and global integration in enhancing Energy Security (ES) and Energy Equity (EE) across 50 economies from 2006 to 2018. It addresses gaps in understanding how socio-economic, political, and technological factors collectively influence ES and EE during the global transition from fossil fuels to renewable energy sources. The research aims to reveal the complex relationships and potential trade-offs between energy sustainability, economic growth, and equitable energy distribution. Utilizing robust panel data methods including System GMM, Fixed Effects, and Random Effects, the study examines the impacts of various determinants on ES and EE. The dataset includes annual observations on global integration, financial integration, infrastructure quality, political stability, and other relevant metrics from diverse global sources. The findings reveal that increased financial integration significantly enhances ES by easing capital flow into energy infrastructure, which is crucial for stable energy supply chains. Political stability also positively affects ES, underscoring the importance of stable governance in sustaining energy policies. Conversely, rapid urban growth and inadequate social integration pose challenges to achieving EE, highlighting disparities in energy access worsened by urbanization. Technological advancements and digital connectivity appear as positive drivers for EE, enhancing the efficiency and distribution of energy resources. This study contributes to the literature by providing a detailed examination of how integration into global financial and political systems affects energy strategies at a national level. It offers valuable insights for policymakers on fostering environments conducive to sustainable energy development and fair energy access. The research underscores the importance of incorporating socio-economic and technological advancements in energy policy frameworks to achieve balanced growth and sustainability. Future research directions include exploring the causal relationships and long-term impacts of these factors on ES and EE, particularly in the context of evolving global energy policies and technological advancements.
本研究考察了金融一体化、政治稳定、基础设施和全球一体化之间的动态相互作用，以增强 2006 年至 2018 年间 50 个经济体的能源安全（ES）和能源公平（EE）。它解决了一个理解不足的问题，即社会经济、政治和技术因素如何共同影响全球从化石燃料向可再生能源过渡期间的 ES 和 EE。该研究旨在揭示能源可持续性、经济增长和公平能源分配之间的复杂关系和潜在权衡。利用系统 GMM、固定效应和随机效应等稳健的面板数据方法，研究考察了各种决定因素对 ES 和 EE 的影响。该数据集包括来自全球不同来源的全球一体化、金融一体化、基础设施质量、政治稳定和其他相关指标的年度观测值。研究结果表明，金融一体化的增加通过缓解资本流入能源基础设施，从而显著提高 ES，这对于稳定的能源供应链至关重要。政治稳定也对 ES 产生积极影响，强调稳定治理在维持能源政策方面的重要性。相反，快速的城市增长和不足的社会融合对 EE 构成挑战，突出了城市化加剧的能源获取不平等问题。技术进步和数字连接似乎是 EE 的积极驱动力，提高了能源资源的效率和分配。本研究通过详细考察融入全球金融和政治体系如何影响国家层面的能源战略，为文献做出了贡献。它为政策制定者提供了有价值的见解，即如何营造有利于可持续能源发展和公平能源获取的环境。该研究强调了在能源政策框架中纳入社会经济和技术进步的重要性，以实现平衡增长和可持续性。未来的研究方向包括探索这些因素对 ES 和 EE 的因果关系和长期影响，特别是在不断演变的全球能源政策和技术进步的背景下。
