## Energy Security and The Green Transition

_IMF Working Papers, January 12, 2024_

## Source details

**Canonical URL:** [Energy Security and The Green Transition](https://www.imf.org/en/publications/wp/issues/2024/01/12/energy-security-and-the-green-transition-543806)

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- [Markdown version](/en/publications/wp/issues/2024/01/12/energy-security-and-the-green-transition-543806/index.md)
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## Bibliographic details
- Authors: Jaden Kim, Gregor Schwerhoff
- Published: January 12, 2024
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400263743.001

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### Summary and central questions
- The current energy crisis has raised policy questions on how to strengthen short-term energy security while remaining firmly committed to the green transition, a challenge amplified by the recent consensus at COP28 to transition away from fossil fuels.
- The paper examines:
  - historical determinants of the security of energy supply, and
  - green transition implications for energy security.

### Key findings (historical and empirical)
- Over the last two decades, the diversification of energy trade partners, or the lack thereof, was the main factor that underpinned energy security dynamics within and across countries.
- Diversification of energy trade partners is identified as the dominant historical determinant of energy security.

### Outlook and implications of the green transition
- Looking ahead, the green transition is expected to have a net positive effect on energy security provided investments are aligned to address new challenges posed by the increased reliance on renewables.
- The net effect on energy security depends on investment alignment to manage risks from reliance on renewable resources and associated market structures.

### Subject areas and keywords
- Subject: Commodities, Economic sectors, Electricity, Environment, Metals, Natural gas sector, Non-renewable resources, Renewable energy
- Keywords: climate mitigation, country diversification indices, diversification of energy trade partner, Electricity, energy independence, Energy security, Europe, geo-political risks, Global, green transition, market concentration, Metals, Natural gas sector, Non-renewable resources, Renewable energy, risks from reliance

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## Content in this bundle

- **Working Paper**
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_Source: https://www.imf.org/en/publications/wp/issues/2024/01/12/energy-security-and-the-green-transition-543806_