The Unassuming Economist

From a paper by Jarosław Brodny, Magdalena Tutak, and Wieslaw Wes Grebski:

“One of the foremost challenges in today’s global economy is ensuring energy security for individual countries and regions. In the contemporary context, this security plays a pivotal role in ensuring sovereignty, fostering innovation, and bolstering competitiveness, particularly in knowledge-based economies. The pursuit of energy independence while mitigating adverse environmental impacts stands as a key priority in European Union policy. Efforts towards achieving a zero-carbon economy encompass all member states, including those in Central and Eastern Europe (CEE). This paper delves into this pressing issue by evaluating the sustainable energy security and policy efficiency of CEE countries over a 15-year period. This research employed a well-defined methodology, employing a multidimensional approach to address the complexity of the issue. The outcome of this approach was the development of the Sustainable Energy Security Index (SESI) for the countries under study, serving as a benchmark for evaluating energy security and policy effectiveness. Multiple Multi-Criteria Decision-Making (MCDM) methods, including COPRAS, EDAS, MAIRCA, and the Hurwicz criterion, were utilized to determine the SESI value. Additionally, CRITIC, equal weights, standard deviation methods, and Laplace’s criterion were employed to ascertain the weights of the indices characterizing various dimensions of sustainable energy security. The findings reveal significant disparities in energy security and policy implementation effectiveness among CEE countries. Slovenia, Croatia, Latvia, Romania, and Hungary demonstrated notably strong performance, while Poland and Bulgaria lagged behind. These results underscore the necessity of integrating findings into the energy and climate strategies of both CEE countries and the EU-27 as a whole.”