Norway and Moldova on Tuesday signed a memorandum of understanding to tighten cooperation in the energy sector aimed at securing supply in the eastern European country that is trying to end its long-standing reliance on Russia. The agreement aims to "promote and enhance cooperation in the field of energy; including but not limited to, energy transition and energy security, as well as to encourage new investments in the energy sector".
Energy demand and supply shortages are major energy policy concerns for energy security and growth of developing economies. This study, therefore, examines the energy security and economic growth nexus of 14 non-OECD Asia countries (located in the SAARC and ASEAN regions) for the period 1996 to 2019. We estimate five different energy security measures for non-renewable energy sources to empirically investigate this nexus. These energy security measures focus on the energy availability, developability and accessibility dimensions. We employ the Panel corrected standard error (PCSE) estimator to investigate the influence of energy security indicators on growth. For robustness testing, alternative estimation methods are applied in investigating this relationship. We also assess the moderating effect of six institutional quality variables to explore the detrimental effect of energy security indicators on economic growth. The endogeneity problem is addressed by employing the panel system Ge
The energy transition, while necessary, faces challenges such as technological uncertainty, pace disagreement, security concerns, and economic disparities.
The U.S. supermajors are doubling down on oil production from the two most prolific growth basins, the Permian shale patch and a top-performing block offshore Guyana.
While the energy transition discourse is dominated by macro-economic transition questions such as phasing down of coal and ramping up of renewable energy generation, it is equally important to understand and analyse the transition implications and impacts at the household level. In this piece, the energy transition question is studied by analysing the changing expenditure pattern and structure on both energy and non-energy related commodities and services at the household level, based on the recently published household consumption expenditure survey HCES 2022-23
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The Energy Workforce & Technology Council released a statement strongly condemning the administration’s move to block oil and gas drilling across over 13 million acres of the National Petroleum Reserve, a vital component of the U.S.’ energy security.
Commercial Coal Block: Out of 147.2 MT, power sector captive mines produced around 121.3 MT, non-power sector mines produced 8.4 MT and the production from commercial mines was 17.5 MT, Joshi said in a post on X.