The energy security trap

Mróz, Maciej

doi:10.4324/9781003219958-04

Cited by 1 publication

(2 citation statements)

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“…Thus, the energy security of the modern economy will mainly rest on nonenergy resources, especially metals used in clean energy technologies. The lack of these in many countries may therefore become an issue for the energy security of these countries still struggling to achieve their own energy independence [41]. Therefore, there is a suggestion that future energy security based on renewable energy sources may require analysts to be more careful in analysing this type of causal relationship, because of the future price prediction of this type of metals.…”

Section: Discussion and Prospects For Further Researchmentioning

confidence: 99%

“…As the decisions of the Paris Agreement are reviewed every five years, the causal dependencies may emerge or intensify in the future (over the next five years). Consequently, there is a broad scope for testing this kind of relationship in the future, especially if it could be important for policymakers, for example concerning energy security [41].…”

Section: Discussion and Prospects For Further Researchmentioning

confidence: 99%

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The Impact of Energy Commodity Prices on Selected Clean Energy Metal Prices

Mróz

2022

Energies

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The United Nations Framework Convention on Climate Change Paris Agreement has been announced as a crucial step towards combating the global threat of climate change. In the light of ambitious plans for further renewable energy sources development, high demand for nonenergy materials critical for RES is greatly expected. In conclusion, future energy security will be surely based on nonenergy commodities critical for them. As this article directly relates to issues related to new technologies and energy security in new form, the main purpose of this study is to examine the impact of energy commodity prices, namely crude oil, natural gas and coal prices on selected metal prices such as aluminium, chromium, cobalt, copper, lead, nickel, silver, tin, or zinc, both before and over the Paris Agreement period. We are looking for new insights in terms of relationships between traditional fossil fuels and metals used in clean energy technologies potentially established or strengthened shortly after the Paris Agreement was adopted. Currently, the analyses of the impact of institutional conditions such as global agreements (institutional factors) on the emerging or strengthening of relationships between energy and nonenergy resources are very limited. Hence, an autoregressive distributed lag and error correction model are employed.

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Section: Discussion and Prospects For Further Researchmentioning

confidence: 99%

Section: Discussion and Prospects For Further Researchmentioning

confidence: 99%