Energy Security: Multidimensional Analysis for South American Countries

Dheybi Cervan, Christian V. Rodriguez, Carlos Inga E.

Abstract


Among public policies, energy security has gained interest in recent years. Energy security seeks to guarantee continuous energy availability maintaining affordable prices and low environmental impacts. This issue has been widely studied by developed countries since energy has played a vital role in countries’ development. On the other hand, literature only shows a few works related to energy security applied to South American countries. Accordingly, this work aims to evaluate the energy security of nine South American countries using an Energy Security Index (ESI) initially conceived. To develop this ESI, three dimensions have been considered such as energy supply and delivery (SDD), energy equity (EED), and environmental sustainability (ESD). The indicators of each dimension have been previously chosen and their indices computed using equal weights. A normalization process has been next performed to scale raw data. A K-means clustering algorithm has been then applied to the dimensions of each country to find similarities between them. Finally, the qualitative results obtained in this work have been compared with previous studies.

Keywords


Energy security index; K-means clustering; Energy policy; Multidimensional analysis

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DOI (PDF): https://doi.org/10.20508/ijrer.v12i2.12982.g8500

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