Energy Security and Environmental Efficiency in OECD Countries: Pathways to Sustainable Growth

Huaping Sun, Muhammad Ikram, Muhammad Mohsin and Qaiser Abbas

Chapter 3 in Energy Security, Transition, and Economic Growth, 2025, pp 47-63 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter investigates the pathways toward sustainable growth in OECD countries, focusing on the dual goals of energy security and environmental efficiency as critical responses to climate change and increasing energy demands. Balancing economic development with environmental sustainability remains a significant challenge, necessitating policies that support energy resilience while mitigating ecological impact. Leveraging comprehensive datasets from the International Energy Agency, British Petroleum, and the World Bank, this study employs a nonradial Data Envelopment Analysis (DEA) model to assess environmental and energy efficiency metrics across OECD nations. Results reveal substantial variations in energy efficiency performance, with countries such as Iceland and Greece achieving near-optimal efficiency, while others, including Ireland, show significant room for improvement. The findings emphasize the importance of diverse policy approaches tailored to each nation’s unique energy landscape, promoting renewable energy integration and increased efficiency to enhance energy security. This study’s policy implications advocate for integrated strategies aligning economic growth objectives with environmental sustainability targets, fostering a resilient energy transition. Through this framework, the research provides critical insights for policymakers to facilitate sustainable growth by improving environmental efficiency and securing energy pathways in the OECD context.

Keywords: Energy Security; Energy Transition; Just Transition; Economic Growth; Green Growth; Sustainable Development; Renewable Energy; Green Finance; Climate Finance; Carbon Emissions Reduction; Carbon Markets; Energy Efficiency; Environmental Sustainability; Policy Recommendations; Regional Analyses; Country-Level Studies; Energy Intensity; Capital Efficiency; Solar Technology Adoption; Health and Pollution; Southeast Asia; Central Asia; OECD Countries; Developing Economies; Electricity Tariffs; Energy Governance; Fossil Fuel Dependency; Economic Resilience; Agricultural Energy Use; Virtual Power Plants; Energy Policies; Energy Economics; Energy Poverty; Clean Energy Transition; Financial Incentives; Global Energy Markets (search for similar items in EconPapers)
JEL-codes: O13 Q01 Q42 Q43 Q48 Q54 (search for similar items in EconPapers)
Date: 2025
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