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Security of the Energy Supply in Turkey: Prospects, Challenges and Opportunities

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  • mer Esen

    (Department of Economics, Faculty of Economics and Administrative Sciences, Mu Alparslan University, 49250 Mu , Turkey)

Abstract

In today s world, energy is one of the most important inputs for a multitude of industries and production branches. Access to uninterrupted, adequate, reliable, cheap, stable and sustainable energy has become essential to the basic functioning of modern societies. Ensuring energy security is of critical importance in terms of economic stability and sustainable growth. Interruptions in the energy supply can cause serious economic and social losses. Lack of energy security discourages investors by threatening production and increasing costs. The aim of this study is to identify the primary risks concerning the security of the energy supply in Turkey and to propose solutions. The study discusses the current state of energy security in Turkey, which is substantially dependent on foreign supply to meet its energy needs. The study also examines the importance of the advantages and opportunities offered to Turkey by both domestic and renewable resources, which are not being fully utilized, despite their high potential, and Turkey s potential to become an energy transit hub in terms of energy security

Suggested Citation

  • mer Esen, 2016. "Security of the Energy Supply in Turkey: Prospects, Challenges and Opportunities," International Journal of Energy Economics and Policy, Econjournals, vol. 6(2), pages 281-289.
    • Handle: RePEc:eco:journ2:2016-02-17
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. Yusif Huseynov, 2017. "Geopolitics of the Republic of Turkey s Energy Policy," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 337-344.
    2. Celil Ayd n & mer Esen, 2017. "Does Too Much Energy Consumption Harm Economic Growth for Turkish Republics in The Transition Process? New Evidence on Threshold Effects," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 34-43.

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    More about this item

    Keywords

    Turkey; Energy Security; Energy Diversity; Transit Route;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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