Accessing Energy Security of BRICs Nations for Strategic Partnership
Abstract
Availability of the energy is crucial for the sustenance
of any country. The energy available at a countries disposal is
dependent on a lot of factors such as the geographical location,
technology and resources available for the energy extraction,
Government policies, international alliances, military might etc.
Developed countries, already having an energy intensive lifestyle
are supposedly shifting to greener ways whereas in the new
emerging world the people have an aspiration to lead an energy
rich materialistic lifestyle. Within this chaos, the security of the
bare minimum energy needed for the survival of every individual
is at stake. A small crisis due to political, environmental or
military may put the population of that nation in jeopardy. Thus
Energy security is essential for countries sustenance and securing
energy through strategic ties with likeminded countries becomes
crucial. This paper tries to highlight the energy requirement and
potential of the emerging economies and also tries to identify the
challenges posing them. The paper discusses the opportunity for
strategic partnership, for energy, within the BRIC Nations and
suggests interventions and policies to increase the collective
energy security (pertaining to certain sectors) of these nations.
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