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What are the strategies for improving energy security?
This content has been extracted from our SHOCKED report. Read the full version here.
In an increasingly volatile energy ecosystem, improving energy security requires a multifaceted approach. Key strategies include enhancing interconnections between countries, boosting homegrown renewable energy generation and diversifying supply sources. By adopting these measures, countries can better prepare for future energy shocks and provide a more resilient energy system.
In an increasingly volatile energy ecosystem, improving energy security requires a multifaceted approach. Key strategies include enhancing interconnections between countries, boosting homegrown renewable energy generation and diversifying supply sources. By adopting these measures, countries can better prepare for future energy shocks and provide a more resilient energy system.
Collaboration versus homegrown renewables
Our research highlights the need for an energy system that is connected but not dependent. More than seven in ten energy leaders (72 percent) believe that increasing interconnections between countries and regions is an effective strategy for improving energy security.
But leaders also recognise the importance of homegrown renewable energy generation, with 72 percent identifying this as an effective security-boosting strategy. For countries with limited access to renewable resources, driving energy independence may mean utilising alternative clean energy sources.
Energy leaders also told us that by increasing reserve capacity, countries can prepare for future shocks. Three-quarters of energy leaders identify large-scale storage as an effective strategy for improving energy security.
Stronger links
of energy leaders identify increasing interconnections between countries and regions as an effective strategy for improving energy security.
Increasing the mix
of energy leaders identify diversifying supply as an effective strategy.
Increasing domestic supply
of energy leaders identify focusing on homegrown renewable energy generation as an effective strategy.
Boosting reserves
of energy leaders identify large-scale energy storage as an effective strategy.
Want to go deeper?
To delve deeper into the strategies for improving energy security and explore our comprehensive findings, download the full SHOCKED report.
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