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Energy Security And Environmental Efficiency: Evidence From Oecd Countries

Author

Listed:
  • HUAPING SUN

    (School of Finance and Economics, Jiangsu University, Zhenjiang 212013, P. R. China)

  • MUHAMMAD IKRAM

    (#x2020;College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 211106, P. R. China)

  • MUHAMMAD MOHSIN

    (School of Finance and Economics, Jiangsu University, Zhenjiang 212013, P. R. China)

  • QAISER ABBAS

    (#x2021;Department of Economics, Ghazi University Dera Ghazi Khan, Pakistan)

Abstract

Assessment of energy and environmental issues has received a special focus due to global warming and climate vulnerabilities. Energy, environment and economic development simultaneously yielded a combined effect, which is favorable from the economic point of view while unfavorable for environmental aspects. It is necessary to measure the energy, economic and environmental performance with appropriate methods. Therefore, this study measures the energy security and environmental efficiency. Data used in this study were collected from the official website of International Energy Agency (IEA), British Petroleum (BP) and World Bank. We employ a non-radial DEA technology for assessing energy and environmental efficiency for OECD countries. Results reveal that the values of energy intensity range from 0.93 to 0.30, while GHG emission per capita values range from 24.61 to 5.28. As far as energy efficiency is concerned, Iceland and Greece have the highest value (0.99) of energy efficiency, whereas Ireland has the lowest value (0.34) of energy efficiency. Further analysis shows that Austria, Australia, Portugal and Spain have values between 0.70 and 0.80 for energy intensity, whereas UK, Sweden, Germany and the USA have values of energy intensity, between 0.40 and 0.50. The study proposes some valuable policy implications for policy and decision-makers to make the environment more sustainable.

Suggested Citation

  • Huaping Sun & Muhammad Ikram & Muhammad Mohsin & Qaiser Abbas, 2021. "Energy Security And Environmental Efficiency: Evidence From Oecd Countries," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 66(02), pages 489-506, March.
    • Handle: RePEc:wsi:serxxx:v:66:y:2021:i:02:n:s0217590819430033
    DOI: 10.1142/S0217590819430033
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    Citations

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    Cited by:

    1. Wang, Hai-Jie & Zheng, Mei-Qi & Yin, Hua-Tang & Chang, Chun-Ping, 2024. "Green innovation, industrial structure and urban eco-efficiency in Chinese cities," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 1011-1024.
    2. Wu, Tai-Hsi & Huang, Shi-Wei & Lin, Mei-Chen & Wang, Hsin-Hua, 2023. "Energy security performance evaluation revisited: From the perspective of the energy supply chain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 182(C).
    3. Xiaomeng Zhao & Kangyin Dong & Jun Zhao & Qingzhe Jiang, 2024. "RETRACTED ARTICLE: Paths to sustainable development in China: why green finance and green technology matter?," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-26, April.
    4. Hmouda, Ahmed M.O. & Orzes, Guido & Sauer, Philipp C., 2024. "Sustainable supply chain management in energy production: A literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 191(C).
    5. Bahram Fathi & Malihe Ashena & Majid Anisi, 2023. "Efficiency evaluation of sustainability indicators in a two-stage network structure: a Nash bargaining game approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(2), pages 1832-1851, February.
    6. Wang, Shuhong & Liu, Xintian & Chen, Xueli & Song, Malin, 2024. "An evaluative study of economic security from the perspective of land resource assets," Land Use Policy, Elsevier, vol. 139(C).
    7. Zhou, Fangkezi & Pan, Yinghao & Wu, Jie & Xu, Chengzhen & Li, Xingchen, 2024. "The impact of green finance on renewable energy development efficiency in the context of energy security: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 803-816.

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