Energy security

Energy security is the association between national security and the availability of natural resources for energy consumption (as opposed to household energy insecurity). Access to cheaper energy has become essential to the functioning of modern economies. However, the uneven distribution of energy supplies among countries has led to significant vulnerabilities. International energy relations have contributed to the globalization of the world leading to energy security and energy vulnerability at the same time. Renewable resources and significant opportunities for energy efficiency and transitions exist over wide geographical areas, in contrast to other energy sources, which are concentrated in a limited number of countries. Rapid deployment of wind power and solar power and energy efficiency, and technological diversification of energy sources, would result in significant energy security. The International Institute for Sustainable Development says that, done carefully, phasing-out fossil fuel subsidies would increase energy security.