From the Researchers' desk

The New Energy Order and Its Impact on the Energy Policy of Asian Countries
By: Nandakumar Janardhanan , on 06 June 2011
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The world is at a crossroads of a new energy order which is characterized by many challenges. The following is a list of a few: (1) the already existing global energy supply systems2 are unable to meet the growing demand in many countries, (2) major economies are facing tremendous environmental pressure to minimize fossil fuel consumption and energy-related emissions, (3) clean energy sources are increasingly preferred but have been lacking the required innovation and technological breakthrough that could democratize their access, and (4) many new nations had begun to build new nuclear reactors, signalling industry growth despite increasing concerns about the safety and security of the facilities. Apart from this supply-strained energy dynamic, two recent developments could potentially stress the global energy sector further. First, the ongoing turbulence in the global petroleum market due to the ‘Arab Uprising’3 could jeopardize the energy security of petroleum-import-dependent countries; second, the unexpected shock to the resurgence of the global nuclear energy sector, consequent to the radiation issues at the tsunami-hit Fukushima nuclear facilities in Japan, has ignited serious questions about the efficacy of the safety and security systems of nuclear facilities. These two challenges have not only raised concern in the countries which are directly affected, but also among the economies that do not even have any geographical proximity to the affected regions. As a result, many foresee potential changes in the future energy policies of many countries, arising from the need to cope with the changing global energy dynamics.

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