Evaluation and analysis of India's energy security: A policy perspective

Sourabh Kumar

Energy, 2023, vol. 278, issue PB

Abstract: This research aims to determine the prime energy security criteria and indices in the case of India. The energy security indices are determined through literature review and energy portfolio experts. This study explores five new perspectives about India's energy security; energy flow risk, operational risk, financial risk, strategic risk, and environmental risk. The study uses integrated methodology hesitant fuzzy set and regret set theory for energy security indices evaluation and selection. This integrated approach emphasizes the psychological characteristics of experts and the variation in decision making. The study reveals that Government has to focus on alternative fuel selection (wj = 0.1077), geopolitical risk (wj = 0.1042), and less capacity of strategic reservoir (wj = 0.0987). Further, the results show that for long term energy security India have to focus on the strategic risk; policies formulation for new fuels, more strategic reservoir, and diversity their energy sources.

Keywords: Energy security; Energy policy; Petroleum reserve; Hesitant fuzzy set; India (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:278:y:2023:i:pb:s0360544223013877

DOI: 10.1016/j.energy.2023.127993

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