Application of Portfolio Approach towards Energy Security: A Case Study of Japan and Implications for India

Abstract

Adequate and affordable energy supplies are lifeline of modern economies. Security of energy supplies constitutes the core of strategic concerns of consuming countries in ensuring national defense, economic development and social cohesion. Energy policy planners face a diverse range of institutional challenges in generating dynamic energy strategy which can guarantee uninterrupted supplies at affordable prices. This study aims to describe policy enablers in finding a framework that allows policymakers and researchers to conceptualize the status of current energy arrangements, then analyze the risks therein and measures of mitigation. Data was analyzed using descriptive statistics to describe portfolio approach as a function of state policy for energy security. The case study of Japan has been analyzed to bring out the key lessons for India’s energy security pursuits.