Accounting for hidden energy dependency: The impact of energy embodied in traded goods on cross-country energy security assessments Markus Bortolamedi∗† Department of Business Administration, Economics and Law Carl von Ossietzky University Oldenburg March 20, 2015 Abstract Energy security ranks high on the policy agenda of many countries. Accordingly, to provide policy guidance, a large and growing body of literature has proposed metrics to measure security of (primary) energy supply which are then applied in cross-country energy security assessments. In general, the data used in these assessments are based on production-oriented energy accounting frameworks. In doing this, these studies neglect additional indirect foreign energy consumption - i.e. consumption of energy embodied in traded goods. This paper highlights this issue. It provides and applies a methodology that allows including indirect foreign energy consumption into commonly used energy security indicators. In particular, it shows that the inclusion of foreign primary energy embodied in traded goods does have an impact on the values of energy security indicators as well as on the results of cross-country energy security assessments - i.e. the indicator-specific country rankings. Keywords: energy security, energy security indicators, embodied energy, multi-regional input-output model JEL Classification: D57, Q48 ∗ Research funding is greatly acknowledged from the Lower Saxony Ministry for Science and Culture (MWK). The ideas expressed here are remain those of the author who remains solely responsible for errors and omissions. † E-Mail address: [email protected]. Tel.: +49 (0)4417984670 1 Introduction Energy security ranks high on the policy agenda of many countries. Governments use the notion of energy security as a rationale for justifying massive intervention into energy markets. As a prime example, the European Union perceives its EU Energy Security and Solidarity Action Plan as an important step to increase energy security for its member states (EU, 2008). Accordingly, to provide policy guidance, a large and growing body of literature proposes metrics to measure security of (primary) energy supply. They measure either dependency levels on primary energy imports, primary energy carriers and suppliers or levels of vulnerability, i.e. how much the economy is exposed to events of supply disruptions essentially from an economic perspective (Bhattacharyya, 2009). These metrics are then frequently applied in cross-country energy security assessments that rank countries according to the applied metrics at certain points in time. In general, they are based on data coming from production-oriented accounting frameworks for regional primary energy consumption - i.e. direct energy consumption based on the territory principle - which are provided by various statistical institutions, e.g. the International Energy Agency (IEA), the U.S. Energy Information Agency (EIA), or Eurostat. Recent published studies providing such cross-country assessments for European countries include, among others, Frondel and Schmidt (2014), Sovacool and Brown (2010), Löschel et al. (2010), and Le Coq and Paltseva (2009). However, energy is not only used directly in any given production and final demand sector but also indirectly - i.e. in the production of imported goods and services purchased for use in that sector (Battjes et al., 1998). Since in a highly globalized world countries are heavily and increasingly involved in international trade, trade in non-energy goods and services can substitute for trade and consumption of primary energy which in the end masks energy security issues (Andrew et al., 2013). To put it more pointedly: If trading partners providing imports of non-energy goods and services cannot secure their energy supply, how can energy security be provided without disconnecting from global trade of energy and non-energy goods (Tang et al., 2013). Since energy security assessments usually only focus on direct energy use, they neglect this issue. This is of particular relevance for Europe. Because Europe is one of the dominant trading centers in terms of embodied energy (Chen and Chen, 2011), commonly applied energy security assessments are based on only an incomplete picture of the European energy situation. This implies that cross-country energy security assessments for European countries might be inaccurate. Acknowledging indirect energy consumption would require a switchover from production-oriented energy accounting to more consumption-oriented approaches for energy accounting. This switchover in energy accounting would provide a novel perspective 1 on the European energy security problem. In the end, this would allow a better-informed energy security debate. So far only some rare studies address the implications of indirect energy consumption for security of European primary energy supply. Bordigoni et al. (2012) examine the role of these additional energy flows with a special focus on the European manufacturing industry. They apply a global multi-region input-output (MRIO) model and find that in 2005 energy embodied in imported manufactured products used in European production and final consumption comes close to energy consumed directly by the European industry and, therefore, has to be considered as a significant aspect of the European energy situation. In a similar way, Tang et al. (2013) apply a single-region input-output (SRIO) model to quantify energy embodied in international trade of the UK. They find that UK is a net-importer of embodied fossil energy for every year within the time period 1997 to 2011. Accordingly, since the gap between fossil energy consumption and domestic fossil energy production is larger than commonly believed, they argue that if net-imports are taken into consideration, the energy security problem is greater than generally accepted. Therefore, they conclude that energy embodied in traded goods is another variable which should be considered in the complex equation of energy security. The principal objective of this paper is to further highlight the implications of the consideration of embodied energy in traded goods for commonly conducted cross-country energy security assessments. First, a set of conventionally used energy security indicators is extended in such a way that they also include indirect energy consumption. Second, a methodology is provided that enables the quantification of indirect energy consumption. Third, to quantify the impact of the switchover in the energy accounting framework on indicator values and indicator-specific country rankings, the methodology and the indicators are applied for 25 European countries for the years 1995 to 2007. The application shows that in many cases the incorporation of primary energy embodied in traded goods has a substantial impact on the values of the applied energy security indicators. Hereby, direction and magnitude of these changes depend on the indicator as well as on the total amount of regional net-imports of embodied energy, its composition as well as its size relative to direct primary energy consumption. Since total and carrierspecific net-imports vary across countries, changes in the indicator values are quite heterogeneous across countries for each indicator. Considering indicator-specific country rankings, this heterogeneity is large enough to cause substantial changes in the countries’ positions in the rankings. This is particularly the case for primary energy carrier dependency. Therefore, the question as to whether indirect energy consumption should be taken into consideration is of particular relevance for comparing security of primary energy supply across countries. 2 The remainder of the paper is organized as follows. Section 2 presents the commonly used energy security indicators (section 2.1), the two alternative energy accounting frameworks (section 2.2), the input-output model used for the calculation of embodied energy in traded goods (section 2.3), and the data used in the application (section 2.4). Section 3 presents the results of the application. Section 4 concludes. 2 2.1 Methods Energy security indicators To quantify energy security, this study uses three indicators that are widely used in the energy security literature (Löschel et al., 2010). The indicators capture dependency on (i) primary energy, (ii) primary foreign energy supply, and (iii) primary energy carriers. Primary energy dependency refers to the degree to which economic activities depend on primary energy as input. The larger the primary energy input requirements of production and consumption activities are, the larger the adjustment costs for the economy due to price shocks and physical supply shortfalls are supposed to be (Kruyt et al., 2009). Primary energy intensity (EI) of GDP is a commonly used indicator for primary energy dependency. It is calculated as the ratio of total physical primary energy supply (TPES) over gross domestic product (GDP). T P ES (1) GDP Dependency on external (foreign) primary energy supply provides insights about the domestic economy’s exposure to price and quantity risks in global primary energy markets. Higher levels of primary energy imports are considered as being more risky (Bhattacharyya, 2009). The crucial assumption behind this argument is that while governments can effectively control domestic primary energy supply, they do not have control over external primary energy supply. The ratio of positive net-imports to total primary energy consumption – referred to as net import dependency (NID) – is commonly used as an indicator for primary energy import dependency. The logic behind the use of positive net-imports rather than (gross) imports is that shortfalls in energy imports can be compensated for by adjustments in energy exports (Le Coq and Paltseva, 2009). NID is calculated as the ratio of total positive net-imports of physical primary energy (PNI) over total physical primary energy supply (TPES). EI = N ID = 3 PNI T P ES (2) Dependency on primary energy carriers describes the reliance of economic activities on specific primary energy carriers (i.e. coal, natural gas, crude oil, nuclear energy, and renewables). In the light of economy-wide limited short-term substitution possibilities, high dependency on a single primary energy carrier implies high exposure of the domestic economy to price and quantity (supply) risks of a specific energy carrier – this situation is generally considered as highly risky (Bhattacharyya, 2011). Concentration or diversity indices are used to measure this dimension of dependency. A wide-spread indicator here is the Herfindahl-Hirschman concentration index applied to the primary energy mix of the economy’s total primary energy consumption.1 Primary energy carrier dependency (PECD) is calculated as the sum of the squared shares of total physical supply of primary energy carrier pe (Spe ) in total physical primary energy supply (TPES). Larger values of the indicator signal a more concentrated primary energy carrier mix towards some particular primary energy carriers, which in turn implies higher primary energy carrier dependency. X Spe 2 P ECD = T P ES pe (3) In principle, the three indicators presented above in equation 1 to 3 do allow the quantification of energy security based on both, only direct energy use and direct plus indirect energy use. However, it should be noted that the calculation of total physical primary energy supply (TPES), total positive net-imports of physical primary energy (PNI) as well as physical supply of primary energy carrier pe (Spe ) depends on whether indirect energy consumption is considered in the energy security assessment. Therefore, the following section describes how to account for total and carrier-specific energy consumption as well as for net-imports of primary energy within the production-oriented and the consumption-oriented energy accounting framework. 2.2 Production-oriented versus consumption-oriented energy accounting In analogy to the construction of regional greenhouse gas inventories, production-oriented and consumption-oriented accounting methods for domestic primary energy consumption differ in whether primary energy consumption is allocated to actors consuming primary energy directly for production 1 An alternative to the Herfindahl-Hirschman concentration index would be the Shannon-Weaver index, which measures diversity rather than concentration. In contrast to the latter, the Herfindahl-Hirschman concentration index puts relatively more weight on the impact of larger shares of primary energy carriers in the fuel mix (Frondel and Schmidt, 2014; Le Coq and Paltseva, 2009). 4 and final demand or to actors consuming final consumption goods which are made with primary energy as input factor.2 In the production-oriented approach, total and carrier-specific energy prod consumption (T P ES prod and Spe ) include the amount of physical primary energy which is directly consumed within the territory of a country (territory principle) by industries and households. Similarly, positive net-imports of primary energy (P N I prod ) include only positive net-imports of physical primary energy carriers (see equation 4 to 6). T P ES prod = T P ES direct (4) prod direct Spe = Spe (5) P N I prod = P N I direct (6) The switchover from production-oriented to consumption-oriented energy accounting requires including indirect primary energy consumption into the calculation of total and carrier-specific primary energy consumption as well as into the calculation of positive net-imports. In particular, total and carrier-specific primary energy embodied in exports (EEE and EEEpe ) is excluded and total and carrier-specific primary energy embodied in imports (EEI and EEIpe ) is included (see equation 7 to 9). T P ES cons = T P ES direct − EEE + EEI (7) cons direct Spe = Spe − EEEpe + EEIpe (8) P N I cons =P N I direct − EEE + EEI (9) This definition implies that primary energy required to produce a given country’s exports is allocated to those countries that consume these exports. Consequently, a part of domestic direct energy consumption is shifted to other countries while a part of foreign direct primary energy consumption is shifted to the domestic economy. 2.3 Multi-regional input-output model Quantifying regional amounts of direct and indirect primary energy consumption requires analyzing intra-regional and inter-regional economic relationships among sectors of regional economies. For this, multi-regional 2 See Peters and Hertwich (2008) for an overview over different methodologies for constructing greenhouse gas inventories. 5 input-output (MRIO) models, that include the complete global production chain of goods and services, are well established analytical frameworks. The calculation of primary energy embodied in imports and exports other than primary energy requires is based on a multi-regional input-output (MRIO) model extended by sector- and carrier-specific primary energy consumption. The model includes r ∈ R regions, i ∈ I production sectors, or equivalently, commodities, g ∈ G activities consisting of all production sectors plus public expenditure, investment and final consumption, and j ∈ J international transport services. Ygr denotes the output in producing sectors and the level of public expenditure, investment and final consumption in region r. Xisr are exports of commodity i from region s to region r, while D (Z M ) denote domestic Mir are imports of commodity i in region r. Zigr igr (imported) intermediate inputs of commodity i in activity g in region r. Finally, Tjr stands for international transport service j produced in region r. The model includes five different primary energy carriers pe ∈ P E which are the following: crude oil, coal, natural gas, nuclear energy and renewables. The carrier-specific primary energy content of a good is composed of primary energy used in the production of the good itself as well as of primary energy that is used to produce required intermediate inputs and associated transport services. To calculate the full carrier-specific primary energy content (per USD of output) input-output accounting identities are used and the associated linear system of equations is solved for the primary energy content of production activities (pecYpe,gr ), the primary energy content of imports (pecM pe,ir ), and the primary energy content of international transport services (pecTj ). Total carrier-specific primary energy embodied in output of activity g in region r is equal to the sum of direct carrier-specific primary energy use (evpe,gr ), carrier-specific embodied primary energy in domestic intermediates, and carrier-specific embodied primary energy in imported intermediates (see equation 10). Total carrier-specific primary energy embodied in imports of commodity i in region r is equal to the sum of carrier-specific embodied primary energy of all exports from region s to region r plus the carrier-specific primary energy embodied in international transport services (see equation 11). Carrier-specific primary energy embodied in international transport services j is equal to the sum of carrier specific embodied energy in the production of international transport services across countries (equation 12). pecYpe,gr Ygr = evpe,gr + | {z } | {z } energy embodied in output direct energy use X M pecM pe,ir Zigr i∈I | + X D pecYpe,ir Zigr i∈I {z } energy embodied in imported intermediates 6 | {z } energy embodied in domestic intermediates (10) X X Y = pec X + pecTpe,j Tjisr pecM M isr ir pe,is pe,ir | {z } s∈R j∈J energy embodied | {z } | {z } in imports energy embodied in exports pecTpe,j X Tpe,jr = {z embodied energy energy embodied in transport services X pecYpe,jr Tjr (12) r∈R r∈R | (11) | } {z } embodied energy in in transport inputs to transport The MRIO model can be solved directly as a square system of equations or solved recursively using a diagonalization algorithm. As conducted in a similar way by Böhringer et al. (2011), this paper uses the latter approach. The required data for the parameters are provided by the World InputOutput Database (WIOD) database and the Eurostat statistical database. 2.4 Data The analysis is based on data taken from the World Input-Output Database (WIOD). It consists of time series of detailed national and world inputoutput tables as well as of socio-economic and environmental accounts for 35 sectors in 41 countries for the years 1995 to 2009, whereby the environmental accounts include data on gross energy use by sector and 26 energy commodities (Timmer, 2012). Considering regional aggregation, the data set contains each of the EU27 countries as separate regions. For the analysis the set of WIOD primary energy carriers is aggregated towards a set of five different primary energy carriers pe ∈ P E as defined in section 2.3. Table 1 provides an overview on the aggregation of the different WIOD primary energy carriers towards the aggregated set of primary energy carriers. Since the WIOD data does not contain information on energy-commodity specific import shares or consumption of commodity-specific energy coming from abroad, satellite data on fuel-specific net-import shares obtained from the Eurostat statistical database is used to split the gross energy use into gross use of domestic and gross use of imported energy (evdpe,gr and evipe,gr respectively). Hereby it is assumed that the share of carrier-specific consumption of imported energy in total energy consumption is identical in each activity g. 7 pe ∈ P E WIOD code Crude oil CRUDE Coal HCOAL, BCOAL, COKE Natural gas NATGAS, OTHGAS Nuclear energy NUCLEAR Renewables WASTE, BIOGASOL, BIODIESEL, BIOGAS, GEOTHERM, HYDRO, SOLAR, WIND, OTHSOURC Table 1: Aggregation of WIOD primary energy carriers 3 Results and discussion This section shows the results of an application of the methodology presented above to a sample of 25 countries out of the 27 member states of the European Union for the time period of 1995 to 2007.3 In doing so, annual values for the three energy security indicators are calculated for each sample country based on the production-oriented as well as on the consumptionoriented accounting framework for primary energy consumption as laid out in section 2.2. The production-oriented indicator values are then taken as a reference against which changes in the indicator values that occur due to the switchover from production-oriented to consumption-oriented energy accounting are quantified. The analysis will be focused on three aspects which are of particular relevance for commonly conducted energy security assessments. First, section 3.1 assesses to what extent the impact of the switchover from productionoriented to consumption-oriented energy accounting varies across the three applied energy security indicators. This will provide some hints on how sensible these indicators are to changes in the energy accounting framework as well as on the general direction of the impact. Furthermore, it assesses to what extent these changes are triggered by net-imports of primary energy embodied in traded goods. Section 3.2 focuses on the heterogeneity of the 3 Cyprus is excluded from the sample because changes in energy intensity are comparatively large which would make a reasonable presentation of the heterogeneity in the impact difficult. Malta is excluded because its energy mix almost exclusively comprises imported refined oil. Hence, relative changes in the indicator values are either very large or nonexistent when production-oriented indicators have a value of zero. Furthermore, the years 2008 and 2009 are excluded from the analysis due to the impacts of the financial crisis on global trade. 8 obtained changes along the regional dimension - i.e. between-country heterogeneity - for each of the years considered. This is of particular relevance for cross-country energy security assessments that provide rankings based on energy security indicators for specific points in time. If there is much heterogeneity in the changes in the indicator values between the countries, these rankings could provide only an inaccurate picture of cross-country differences in energy security. By conducting a sequence of stylized crosscountry energy security assessments for each year in the time period 1995 to 2007, section 3.3 then assesses whether changes in the energy accounting framework alter year and indicator-specific country rankings. 3.1 Heterogeneity across indicators This section compares the variability in the changes in the obtained indicator values across the three applied energy security indicators. Figure 1 provides an overview of the variability in the obtained changes in the indicator values (x-axis) for each of the applied energy security indicator (y-axis). Since the sample includes 25 countries and 13 years, there are in total 325 observations for each indicator. Figure 1: Changes in energy security indicators due to inclusion of primary energy embodied in traded goods. It is apparent from figure 1 that direction and magnitude vary between the applied indicators. On the one hand the indicator value increases in the most cases - i.e. the indicator worsens - for energy intensity and netimport dependency. In particular, indicator values increase for roughly 75% 9 of all observations considered.4 On the other hand, indicator values for primary energy carrier dependency decrease - i.e. the indicator improves - for roughly 75% of the cases considered.5 Additionally, figure 1 shows that the distribution of changes in the indicator values is asymmetric for each indicator. Specifically, since there is a tail of high (extreme) outliers stretching towards the right, changes in the indicator values are positively skewed for energy intensity and net-import dependency. On the contrary, since for primary energy carrier dependency the lower whisker is longer than the upper whisker, changes in this indicator are negatively skewed. Furthermore, it is also observable that the obtained positive and negative changes in the indicator values are much more pronounced for energy intensity and net-import dependency than for primary energy carrier dependency. Specifically, the variance of energy intensity and net-import dependency is about 8 times the variance of primary energy carrier dependency. Normalization by the mean reduces differences in the spreading of changes in the indicator values. In particular, the coefficient of variation for net-import dependency is more than two times the coefficient of variation for primary energy carrier dependency. The coefficient of variation for energy intensity assumes an intermediate position. Table 3.1 shows summary statistics for changes in energy intensity (EI), net-import dependency (NID) and primary energy carrier dependency (PECD). observations minimum maximum median mean variance coefficient of variation EI 325 -48.0% 253.7% 15.8% 23.9% 2082.9 1.9 NID 325 -84.9% 216.9% 5.2% 15.3% 1925.8 2.9 PEDC 325 -65.6% 24.5% -10.6% -13.3% 259.1 1.2 Table 2: Descriptive statistics for changes of energy intensity (EI), netimport dependency (NID) and primary energy carrier dependency (PECD). Because of the construction of the indicators, it is clear that changes in the indicator values are triggered by net-imports of primary energy embodied in traded goods. Therefore, to get some brief insights into the relationship between net-imports of embodied energy and changes in the indicator values, figure 2 to 4 plot changes in the indicator values against total net-imports of primary energy embodied in traded goods (in petajoule). Figure 2 shows a weak positive correlation between net-imports of em4 Specifically, the lower quartile is at -5.9% for energy intensity and at -5.1% for netimport dependency. 5 The upper quartile is at -2% for primary energy carrier dependency. 10 bodied energy and changes in energy intensity. In particular, the Pearson correlation coefficient has a value of 0.293 and is significant at a level of 0.01 (two sided). This weak correlation is caused by the fact that while the direction of changes in energy intensity is determined by the sign of net-imports, the magnitude of these changes is determined by the importance of embodied energy in total direct and indirect primary energy consumption - i.e. the ratio of net-imports of embodied energy over total direct primary consumption - which varies widely across the observation within the sample.6 Larger absolute values of this ratio result in larger changes in energy intensity whereby their direction depends on whether net-imports are positive or negative. With regard to net-import dependency, figure 3 shows a positive correlation between net-imports of embodied energy and changes in the indicator values which is somewhat weaker than between net-imports of embodied energy and energy intensity. In particular, the Pearson correlation coefficient has a value of 0.288 and is significant at a level of 0.01 (two sided). Figure 4 shows a positive correlation between net-imports of embodied energy and changes in primary energy carrier dependency which is weaker than for net-import dependency and energy intensity. Specifically, the Pearson correlation coefficient has a value of 0.187 and is significant at the 0.01 level (two sided). This is due to the fact that changes in primary energy dependency do not depend on net-imports of embodied energy at the aggregated level but on carrier-specific net-imports, particularly on the amount of carrier-specific net-imports of primary energy relative to carrier-specific direct consumption of primary energy. Moreover, since in the most cases primary energy carrier dependency improves due to the switchover in the energy accounting framework, positive net-imports of embodied energy mostly contain primary energy carriers that have low consumption shares in total direct primary energy consumption while negative net-imports - i.e. net-exports mostly contain primary energy carriers that have high consumption shares in total direct primary energy consumption. From a policy perspective, this implies that if indirect energy consumption is included, the goal of lowering dependency on (foreign) primary energy is more difficult to achieve. This is because it no more possible to simply substitute direct energy consumption for indirect energy consumption. On the other hand, achieving the goal of lowering dependency on primary energy carriers becomes easier. 6 This deterministic relationship between the ratio of embodied energy to total direct energy consumption and changes in energy intensity is due to the construction of the indicator which measures changes in energy intensity. In particular, percentage changes in energy intensity, (EI cons /EI prod )−1, can be rearranged to (EEI −EEE)/T P ES direct . 11 Figure 2: Correlation between net-imports of primary energy embodied in traded good and changes in energy intensity. Figure 3: Correlation between net-imports of primary energy embodied in traded good and changes in net-import dependency. 12 Figure 4: Correlation between net-imports of primary energy embodied in traded good and changes in primary energy dependency. 3.2 Heterogeneity between countries This section assesses heterogeneity of changes in the indicator values between countries. In doing so, the data is arranged according to the time dimension for each indicator. Figure 5 to 7 depict the variation of changes in the indicator values between countries for each year and for each of the three applied energy security indicators. Figure 5 considers energy intensity (EI), figure 6 deals with net-import dependency (NID) and figure 7 looks at primary energy carrier dependency (PECD). Figure 5 shows that while the lower quartile is negative for each year considered, the median is positive throughout. This implies that in each year, the switchover from a production-oriented to a consumption-oriented energy accounting framework increases energy intensity for at least half of the countries considered. Furthermore, it is observable that over the years changes in the indicator values become more positive. In particular, the median in 2007 is more than twice the size of the median in 1995. Additionally, the lower quartile moves closer to zero. Although absolute spreading - i.e. the variance - increases between 1995 and 2007, relative spreading i.e. the coefficient of variation - decreases. Table A1 in appendix A provides descriptive statistics for changes in energy intensity for each year. Turning to net-import dependency, figure 6 shows that, as it is the case for energy intensity, in each year the obtained changes in the indicator values increase for at least half of the countries considered. Hereby, the same logic applies as above: while the lower quartile is negative for all years consid13 ered, the median is positive throughout. Furthermore, because the median and the lower quartile increase from 1995 to 2007, changes in net-import dependency also become more positive. As for energy intensity, absolute spreading increased from 1995 to 2007 but relative spreading decreased. Table A2 in appendix A provides descriptive statistics for changes of net-import dependency for each year. With regard to primary energy carrier dependency, figure 7 shows that in the years 1995 to 1999 obtained changes are negative for at least half of the countries considered. After 1999, obtained changes in primary energy carrier dependency are negative for at least three quarters of the countries considered. Therefore, the distribution of observations shifts somewhat to the left. In contrast to energy intensity and net-import dependency, absolute and relative spreading both decrease for primary energy carrier dependency from the year 1995 to 2007. Table A3 in appendix A provides descriptive statistics for changes of primary energy carrier dependency for each year. Considering country-specific changes in the indicator values for each year, the countries can be allocated to one of the following four groups: negative indicator changes for all years considered (group 1), negative indicator changes for at least half of the years considered (group 2), negative indicator changes for less than half of the years considered (group 3), and positive indicator changes for all years considered (group 4). Table 3 provides an overview over the allocation of each country in the sample to one of these four groups. From this table it can be seen that while each indicator increases for Germany in each year considered, the opposite holds for Belgium, Czech Republic, and the Netherlands. Figure 5: Changes in energy intensity due to inclusion of primary energy embodied in traded goods. 14 Figure 6: Changes in net-import dependency due to inclusion of primary energy embodied in traded goods. Figure 7: Changes in dependency of primary energy carriers due to inclusion of primary energy embodied in traded goods. 15 Austria Belgium Bulgaria Czech Republic Denmark Estonia Finland France Germany Great Britain Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Netherlands Poland Portugal Romania Slovakia Slovenia Spain Sweden EI 4 1 1 1 3 3 2 4 4 4 4 4 4 4 4 3 4 1 2 4 2 1 4 4 2 NID 4 1 1 1 4 3 2 4 4 4 4 4 4 4 4 3 4 1 2 4 4 1 4 4 2 PECD 1 1 2 1 3 1 2 1 4 1 1 1 3 1 1 2 1 1 1 1 1 3 2 1 1 Table 3: Country-specific changes in the values of energy intensity (EI), netimport dependency (NID) and primary energy carrier dependency (PECD) for each year. Key: 1 - negative changes for all years considered; 2 - negative changes for at least half of the years considered; 3 - negative changes for less than half of the years considered; 4 - positive changes for all years considered. 3.3 Production-oriented versus consumption-oriented country rankings This section shows the implications of changes in the indicator values for practical cross-country energy security assessments. In particular, it checks whether a switchover from a production-oriented to a consumption-oriented energy accounting framework alters indicator-specific country rankings for given years. In doing this, it conducts a sequence of stylized cross-country energy security assessment across the 25 sample countries for each of the 16 years within the time period 1995 to 2007. They are based on the three energy security indicators as laid out in section 2.1 and calculated based on the production-oriented as well as the consumption-oriented energy accounting framework as laid out in section 2.2. Each of these assessments results in an indicator-specific production-oriented and consumption-oriented country ranking. To quantify differences between the production-oriented and the consumption-oriented country ranking for a given indicator in a given year, Spearman’s rank correlation coefficient - i.e. Spearman’s ρ - is used. It is a non-parametric measure of statistical dependence between two variables ranging from −1 (perfectly negative correlation) to 1 (perfectly positive correlation). A value of 0 implies that the two variables are statistically independent. Hence, it is an inverse measure for the difference between the country rankings, i.e. lower values imply higher differences between the country rankings. In particular, while perfectly positive correlation implies that the production-oriented country ranking is identical to the consumption-oriented country ranking, perfectly negative correlation implies that the consumption oriented country ranking is reversed. Hence, values smaller than one indicate that the production-oriented and the corresponding consumption-oriented country ranking are not identical. Table 4 provides values of Spearman’s rank correlation coefficient for energy intensity (second column), net-import dependency (third column), and primary energy carrier dependency (fourth column) for each of the applied years (first column). Year 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 ∗∗ correlation is EI NID PECD 0.936∗∗ 0.875∗∗ 0.613∗∗ 0.920∗∗ 0.877∗∗ 0.787∗∗ ∗∗ ∗∗ 0.947 0.855 0.765∗∗ 0.953∗∗ 0.911∗∗ 0.663∗∗ ∗∗ ∗∗ 0.943 0.893 0.602∗∗ ∗∗ ∗∗ 0.925 0.894 0.705∗∗ 0.931∗∗ 0.883∗∗ 0.699∗∗ ∗∗ ∗∗ 0.945 0.888 0.698∗∗ ∗∗ ∗∗ 0.930 0.895 0.689∗∗ 0.922∗∗ 0.875∗∗ 0.652∗∗ ∗∗ ∗∗ 0.915 0.882 0.672∗∗ 0.902∗∗ 0.868∗∗ 0.684∗∗ ∗∗ ∗∗ 0.862 0.868 0.607∗∗ significant at a level of 0.01 (both sides). Table 4: Differences between production-oriented and consumption oriented country rankings for energy intensity (EI), net-import dependency (NID) and primary energy carrier dependency (PECD) 17 As can be seen from the table, for each indicator there is a significant positive correlation between production-oriented and consumption-oriented indicator values for all years considered. This implies that countries having a low (high) rank in the production-oriented country ranking tend to have a low (high) rank in the consumption-oriented country ranking. However, there is no case for which the two rankings are perfectly positive correlated. Hence, the switchover from production-oriented to consumption-oriented energy accounting alters the country ranking for every indicator and for every year considered. Interestingly, although variability of changes in primary energy dependency is the lowest, country rankings for primary energy carrier dependency change the most. This is because region-specific productionoriented indicator values for primary energy carrier dependency lie closer together than for the other two indicators. This makes it more likely that changes in the indicator values are large enough such that they affect the country ranking. Since in 2007 the country rankings are the least positively correlated, the remainder of this section takes a closer look at the changes in the country rankings for the year 2007. Table 5 provides the consumptionoriented country ranking for energy intensity (EI), net-import dependency (NID), and primary energy carrier dependency (PECD). Changes between the production-oriented and consumption-oriented country ranking are included in brackets. In particular, upward (downward) arrows and the number behind the arrow show deviations from the countries’ position in the production-oriented country ranking - i.e. how many positions a country has moved upward (downward) in the country ranking due to the switchover to the consumption-oriented energy accounting framework. Appendix B provides further information about the total amount and composition of regional direct and embodied energy consumption as well as of GDP for the year 2007 on which the calculation of the indicator values is based. In particular, table B1 provides information about the amount and the composition of regional total direct primary energy consumption, regional and carrier-specific import shares as well as information about regional GDP. Table B2 provides information about the amount and the composition of regional total net-imports of embodied energy, as well as the importance of total net-imports of embodied energy in regional imports of primary energy (the import imbalance ratio - IIR) and direct energy consumption (the energy imbalance ratio - EIR). With regard to energy intensity, table 5 shows that only seven countries - i.e. Luxembourg, Ireland, Denmark, Italy, France, Hungary, and Poland maintain their position after the switchover in the energy accounting framework. Considering absolute changes, the Netherlands improves the most, i.e. it moves up ten positions. On the contrary, Latvia worsens the most, i.e. moves down nine positions. Turning to net-import dependency, table 5 shows that the number of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 EI Luxembourg Ireland Denmark Great Britain (↑ 1) Netherlands (↑ 10) Italy Austria (↓ 3) Germany (↑ 1) Sweden (↑ 5) Spain (↓ 3) France Portugal (↓ 2) Belgium (↑ 3) Finland (↑ 3) Greece (↓ 2) Slovenia (↓ 8) Slovakia (↑ 6) Hungary Poland Czech Republic (↑ 1) Latvia (↓ 9) Romania (↓ 2) Estonia (↓ 1) Bulgaria (↑ 1) Lithuania (↓ 1) NID Estonia Czech Republic (↑ 4) Poland (↑ 2) Bulgaria (↑ 8) Romania (↑ 2) Great Britain (↓ 4) Sweden (↑ 1) Netherlands (↑ 5) Denmark (↓ 6) Finland (↑ 1) France (↓ 1) Slovenia (↓ 8) Germany (↑ 2) Slovakia (↑ 3) Hungary (↑ 1) Austria (↓ 2) Belgium (↑ 4) Latvia (↓ 9) Greece Spain Lithuania (↓ 3) Portugal Italy (↑ 1) Ireland (↓ 1) Luxembourg PECD Finland Sweden (↑ 10) Slovakia (↓ 1) Slovenia (↑ 19) Latvia (↑ 2) France (↑ 7) Germany (↓ 4) Austria (↑ 1) Romania (↓ 5) Belgium (↑ 7) Bulgaria (↓ 6) Hungary (↓ 5) Luxembourg (↑ 12) Czech Republic (↓ 3) Spain (↓ 5) Great Britain (↓ 2) Denmark (↓ 9) Netherlands (↑ 2) Portugal (↓ 1) Ireland (↓ 5) Italy (↓ 2) Estonia (↑ 2) Greece (↓ 1) Poland (↓ 3) Lithuania (↓ 9) Table 5: Consumption-oriented country ranking for energy intensity (EI), net-import dependency (NID) and primary energy carrier dependency (PECD) for the year 2007. In brackets: Deviation from the countries’ position in the production-oriented country ranking - i.e. number of positions a county has moved up (↑) or down (↓) due to the switchover in the energy accounting framework. 19 countries that keep their position is smaller as for energy intensity. In particular, only Estonia, Greece, Spain, Portugal and Luxembourg each country keep their positions in the country ranking. With regard to the countries that change positions, Bulgaria improves the most, i.e. it moves up eight positions, while again Latvia worsens the most, i.e. it moves down nine positions. In contrast to energy intensity and net-import dependency, figure 5 shows that for primary energy carrier dependency only Finland keeps its position in the country ranking after the switchover in the energy accounting framework. While Slovenia improves the most by moving up 19 positions, Denmark and Lithuania worsen the most by moving down nine positions. Against the background of these changes in the overall country rankings, it is obvious that there is also a large amount of changes in relative positions within country pairs. Table 6 provides a matrix of all possible country pairs and includes information on whether relative positions of the two member countries of each country pair changes for the three energy security indicators. 1, 2, and 3 signal changes in relative positions for only energy intensity, net-import dependency, and primary energy carrier dependency. 4 and 5 stand for changes in relative positions for energy intensity and either net-import dependency or primary carrier dependency. 6 represents changes in relative position for net-import dependency and primary energy carrier dependency. Finally, 7 indicates that relative positions change for all of the three indicators. It can be seen from the matrix that changes in relative positions for primary energy carrier dependency occur twice as frequent as changes in relative positions for energy intensity and net-import dependency. Specifically, while for 27% of the country pairs turning from production-oriented to consumption-oriented energy accounting changes relative positions of the members of the country pair, it is only the case for 14% for energy intensity and 15% for net-import dependency. 20 21 Austria 3 3 2 1 1 6 6 3 2 1 3 3 Belgium 1 6 7 6 3 5 3 3 3 3 3 Bulgaria 6 6 2 6 1 1 1 2 3 3 2 3 2 3 2 6 2 6 3 Czech Republic 2 3 3 Denmark 3 6 2 3 2 2 3 3 3 3 3 2 6 Estonia 1 3 3 3 3 Finland 5 2 5 1 2 2 France 5 3 1 1 3 5 6 3 3 2 6 3 3 3 Germany 1 3 1 6 3 2 Great Britain 2 2 3 3 1 3 2 2 3 Greece 1 1 6 3 1 3 3 1 5 Hungary 3 5 7 3 6 3 Ireland 3 3 3 2 3 3 Italy 3 3 3 2 1 Latvia 3 1 3 3 5 7 3 7 3 3 5 6 6 3 3 6 7 6 Lithuania 2 3 3 3 3 3 3 6 3 6 1 Netherlands 3 3 3 3 3 3 3 3 3 3 3 3 Poland 5 1 1 7 3 3 3 1 2 5 1 2 1 Portugal 1 2 3 3 2 3 2 2 3 Romania 1 1 3 3 3 3 1 Slovakia 3 1 6 3 2 3 2 1 2 3 Slovenia 3 1 1 5 5 1 1 2 7 5 2 1 6 1 5 5 1 6 2 Spain 3 2 3 1 3 1 3 3 6 1 3 3 7 1 1 1 3 1 3 6 3 6 3 Table 6: Change in relative positions of the countries after switchover in the energy accounting framework. Key: 1 - change in relative position for energy intensity (EI); 2 - change relative position for net-import dependency (NID); 3 - change in relative position for primary energy carrier dependency (PECD); 4 - change in relative position for EI and NID; 5 - change in relative position for EI and PECD; 6 - change in relative position for NID and PECD; 7 - change in relative position for EI, NID and PECD Austria Belgium Bulgaria Czech Republic Denmark Estonia Finland France Germany Great Britain Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Netherlands Poland Portugal Romania Slovakia Slovenia Spain Sweden Sweden 4 Conclusions and policy implications Energy security ranks high on the policy agenda of many countries. Accordingly, to provide policy guidance, there is a large and growing body of literature that applies various metrics that measure security of primary energy supply in cross-country energy security assessments. This paper argues that country rankings that result out of these energy security assessments might be inaccurate because indirect primary energy consumption - i.e. primary energy embodied in traded goods - is generally neglected. Since Europe is a major trading center in terms of embodied energy, this is of particular relevance for the member countries of the European Union. Accordingly, this paper has illustrated the implications of including indirect energy consumption into commonly conducted cross-country energy security assessments. In doing so, first a methodology for the inclusion of indirect energy consumption into commonly applied energy security indicators is provided. Second, to quantify region- and carrier-specific indirect primary energy consumption, a multi-regional input-output model extended by sectoral and carrier-specific primary energy consumption is provided and applied for a sample of 25 European countries for the time period 1995 to 2007. Finally, changes in indicator values and indicator-specific country rankings are quantified based on the input-output calculations. It has been shown that changes in the indicator values are quite substantial for energy intensity and net-import dependency while they are comparatively small for primary energy dependency. Moreover, while energy intensity and net-import dependency worsen if regional net-imports of primary energy embodied in traded goods are positive, primary energy carrier dependency improves for most of the countries irrespective of the size of netimports. Hence, because one indicator improves while two others worsen, being a net-importer of embodied energy does not necessarily imply that the energy security problem is larger than commonly believed.7 This is because not only the total amount of net-imports matters but also its composition. Furthermore, it has been shown that changes in the indicator values are considerable heterogeneous across countries for given years. This is of particular relevance for indicator-specific country rankings. In particular, it has been shown that production-oriented and consumption-oriented country rankings differ for each indicator and for each year. Particularly for the year 2007 absolute changes in the positions of some countries are quite large, especially for primary energy carrier dependency. Furthermore, a direct comparison of 7 Since each indicator uses a different metric for energy security it is not possible to tradeoff improvements of primary energy carrier dependency with decreases in energy intensity and net-import dependency. In particular, while on the one hand the energy situation becomes more risky - i.e. higher energy requirements, higher requirements of foreign energy - it also becomes less risky - i.e. the primary energy mix is less concentrated towards some specific primary energy carriers. 22 country pairs shows that changes in relative positions occur quite frequently for primary energy carrier dependency and less frequently for energy intensity and net-import dependency. The main purpose of this paper was to motivate future research by illustrating the sensitivity of cross-country energy security assessments to changes in energy accounting. For this, it has quantified differences in indicator values and country rankings that result out of a complete switchover from production-oriented to consumption-oriented energy accounting. Clearly, this complete switchover is based on the implicit assumption that direct and indirect energy consumption are equally important for energy security - i.e. that disruption costs are completely passed through along the supply chain of goods and services. However, while ignoring indirect energy consumption would be a mistake, equating it with direct energy consumption would be equally wrong (Wagner, 2010). Hence, of particular relevance for future research is the question of how important indirect energy consumption is for energy security. Its answer would provide a solid foundation for the construction of an appropriate energy accounting framework that lies somewhere in between the completely production-oriented and completely consumption-oriented frameworks that were presented in this paper. Another issue is whether policies that are commonly considered for improving energy security - e.g. increasing the use of renewables, increasing energy efficiency - are equally effective if indirect energy consumption is taken into account. In essence, the relevant question is whether these policies induce sufficiently large substitution of direct energy consumption for indirect energy consumption such that, in the end, energy security is adversely affected. References Andrew, R. M., Davis, S. J., and Peters, G. P. (2013). Climate policy and dependence on traded carbon. Environmental Research Letters, 8(3):034011. Battjes, J., Noorman, K., and Biesiot, W. (1998). Assessing the energy intensities of imports. Energy Economics, 20(1):67–83. Bhattacharyya, S. C. (2009). Fossil-fuel dependence and vulnerability of electricity generation: Case of selected European countries. Energy Policy, 37(6):2411–2420. Bhattacharyya, S. C. (2011). Energy Economics. Springer London, London. Böhringer, C., Carbone, J. C., and Rutherford, T. F. (2011). Embodied Carbon Tariffs. NBER Working Paper 17376, National Bureau of Economic Research, Inc. 23 Bordigoni, M., Hita, A., and Le Blanc, G. (2012). Role of embodied energy in the European manufacturing industry: Application to short-term impacts of a carbon tax. Energy Policy, 43:335–350. Chen, Z. M. and Chen, G. Q. (2011). An overview of energy consumption of the globalized world economy. Energy Policy, 39(10):5920–5928. EU (2008). Second Strategic Energy Review - An EU Energy Security and Solidarity Action Plan. Technical Report COM(2008) 781 final, European Commission. Frondel, M. and Schmidt, C. M. (2014). A measure of a nation’s physical energy supply risk. The Quarterly Review of Economics and Finance, 54(2):208–215. Kruyt, B., van Vuuren, D. P., de Vries, H. J. M., and Groenenberg, H. (2009). Indicators for energy security. Energy Policy, 37(6):2166–2181. Le Coq, C. and Paltseva, E. (2009). Measuring the security of external energy supply in the European Union. Energy Policy, 37(11):4474–4481. Löschel, A., Moslener, U., and Rübbelke, D. T. G. (2010). Indicators of energy security in industrialised countries. Energy Policy, 38(4):1665– 1671. Peters, G. P. and Hertwich, E. G. (2008). Post-Kyoto greenhouse gas inventories: production versus consumption. Climatic Change, 86(1-2):51–66. Sovacool, B. K. and Brown, M. A. (2010). Competing Dimensions of Energy Security: An International Perspective. Annual Review of Environment and Resources, 35(1):77–108. Tang, X., Snowden, S., and Höök, M. (2013). Analysis of energy embodied in the international trade of UK. Energy Policy, 57:418–428. Timmer, M. P. (2012). The World Input-Output Database (WIOD): Contents, Sources and Methods. WIOD Working Paper 10. Wagner, G. (2010). 38(12):7710–7721. Energy content of world trade. 24 Energy Policy, A Year 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Descriptive statistics cross-country heterogeneity N 25 25 25 25 25 25 25 25 25 25 25 25 25 Min -32.2% -40.1% -48% -32.8% -23.1% -28.5% -36.5% -32.3% -31.6% 33.9% -26.4% -41.6% -30.1% Max 171.8% 181.8% 192.2% 200.8% 212.0% 253.7% 202.5% 129.8% 153.7% 136.7% 166.6% 151.1% 164.5% Median 12.7% 10.6% 7.3% 10.9% 13.8% 16.5% 14.8% 16.1% 15.8% 21.3% 19.4% 19.6% 20.6% Mean 19.8% 20.1% 17.8% 20.9% 27.0% 28.1% 22.6% 20.0% 23.2% 24.2% 26.7% 27.4% 33.4% VAR 1906.0 2225.6 2132.5 2128.5 2387.4 3220.3 2245.4 1368.0 1682.7 1818.6 2122.6 2142.6 2497.0 CV 2.2 2.3 2.6 2.2 1.8 2.0 2.1 1.8 1.8 1.8 1.7 1.7 1.5 Table A1: Descriptive statistics cross-country heterogeneity for changes in energy intensity. Key: N - number of observations, Min - minimum, Max - maximum, VAR - Variance, CV - Coefficient of variation Year 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 N 25 25 25 25 25 25 25 25 25 25 25 25 25 Min -84.9% -53% -84.2% -47.8% -38.3% -48.1% -57.6% -50.7% -48.7% -49.2% -35.5% -67.3% -35% Max 88.5% 71.3% 66.1% 171.8% 216.9% 192.4% 129.8% 172% 153.9% 167.5% 162.6% 121.2% 129.1% Median 5.2% 5.9% 3.9% 4.8% 4.7% 5.2% 5.7% 5.3% 5.0% 4.9% 4.4% 4.2% 9.6% Mean 6.4% 5.6% 3.3% 15.2% 22.8% 21.1% 17.1% 18.1% 16.4% 18.6% 18.4% 15.7% 20.4% VAR 1304.8 932.6 1041.0 2039.0 2945.4 2832.2 2127.1 2596.7 1958.7 2425.6 2131.8 1623.3 1553.8 CV 5.6 5.5 9.8 3.0 2.4 2.5 2.7 2.8 2.7 2.6 2.5 2.6 1.9 Table A2: Descriptive statistics cross-country heterogeneity for net-import dependency. Key: N - number of observations, Min - minimum, Max - maximum, VAR - Variance, CV - Coefficient of variation 25 Year 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 N 25 25 25 25 25 25 25 25 25 25 25 25 25 Min -55.6% -54.3% -56.9% -59.9% -60.8% -55.7% -57.5% -64.7% -65.5% -65.6% -64.6% -64.2 -64.0% Max 24.5% 14% 24.1% 3.9% 9.5% 8.7% 4.5% 2.9% 3.2% 3% 4.7% 4.9% 14.3% Median -8.6% -9.1% -10.4% -10.7% -12.1% -8.7% -13.4% -11.9% -12.3% -11.6% -9.9% -9.8% -10.4% Mean -10.2% -10.6% -11.0% -12.6% -12.4% -12.9% -13.7% -14.5% -15.1% -15.1% -15.2% -15.4% -14.8% VAR 287.7 252.9 307.1 259.9 288.7 253.2 230.3 258.8 258.1 256.3 256.2 258.9 286.0 CV 1.7 1.5 1.6 1.3 1.4 1.2 1.1 1.1 1.1 1.7 0.9 1.4 1.1 Table A3: Descriptive statistics cross-country heterogeneity for primary energy carrier dependency. Key: N - number of observations, Min - minimum, Max - maximum, VAR - Variance, CV - Coefficient of variation B Regional data for energy security assessment for 2007 26 27 Crude oil 370.51 (88%) 1421.49 (100%) 313.74 (100%) 323.35 (97%) 335.33 (0%) 2.75 (0%) 529.29 (100%) 3522.49 (98%) 4684.43 (98%) 3645.08 (7%) 918.18 (100%) 344.35 (83%) 145.15 (100%) 4262.47 (94%) 1.30 (0%) 246.30 (97%) 0.00 (0%) 2065.32 (100%) 929.20 (100%) 525.45 (100%) 566.63 (62%) 275.80 (100%) 0.00 (0%) 2525.16 (100%) 774.20 (100%) Coal 122.18 (100%) 190.45 (92%) 347.37 (35%) 871.83 (0%) 195.90 (100%) 167.16 (2%) 279.67 (60%) 580.43 (92%) 3745.72 (35%) 1628.09 (69%) 372.30 (4%) 140.54 (49%) 96.97 (60%) 678.41 (99%) 4.34 (91%) 10.59 (84%) 3.57 (100%) 381.82 (100%) 2502.47 (0%) 120.47 (100%) 380.65 (26%) 169.81 (86%) 64.34 (19%) 885.52 (69%) 108.77 (94%) Natural gas 335.02 (72%) 670.03 (94%) 124.78 (88%) 339.91 (80%) 172.63 (0%) 38.60 (87%) 169.01 (92%) 1661.19 (92%) 3257.49 (73%) 3456.20 (20%) 139.25 (99%) 453.52 (78%) 179.96 (92%) 2942.84 (85%) 56.57 (97%) 121.00 (100%) 48.07 (100%) 1670.73 (0%) 592.77 (57%) 158.00 (99%) 527.95 (29%) 235.20 (87%) 38.26 (100%) 1359.63 (97%) 54.32 (64%) Nuclear energy 0.00 (0%) 526.21 (0%) 160.62 (0%) 286.57 (0%) 0.00 (0%) 0.00 (0%) 255.57 (0%) 4797.92 (0%) 1533.08 (0%) 687.70 (0%) 0.00 (0%) 160.68 (0%) 0.00 (0%) 0.00 (0%) 0.00 (0%) 109.22 (0%) 0.00 (0%) 45.83 (0%) 0.00 (0%) 0.00 (0%) 84.11 (0%) 169.34 (0%) 62.14 (0%) 601.23 (0%) 730.70 (0%) Renewables 372.50 (0%) 89.87 (0%) 43.13 (0%) 96.47 (0%) 150.84 (0%) 25.18 (0%) 365.75 (0%) 776.39 (0%) 1120.51 (0%) 216.29 (0%) 72.64 (0%) 60.28 (0%) 19.46 (0%) 543.23 (0%) 59.33 (0%) 34.02 (0%) 5.42 (??%) 124.78 (0%) 224.71 (0%) 193.44 (0%) 197.66 (0%) 42.54 (0%) 31.32 (0%) 430.17 (0%) 657.12 (0%) Total 1200.22 (57%) 2898.05 (77%) 989.64 (55%) 1918.13 (31%) 854.70 (23%) 233.69 (16%) 1599.29 (53%) 11338.42 (49%) 14341.23 (58%) 9633.36 (22%) 1502.36 (71%) 1159.37 (61%) 441.54 (83%) 8426.94 (85%) 121.54 (48%) 521.12 (71%) 57.06 (91%) 52.06 4288.48 (57%) 4249.15 (30%) 997.36 (80%) 1757.01 (35%) 892.70 (71%) 196.06 (26%) 5801.71 (77%) 2325.12 (39%) 794.18 422.99 234.39 170.16 77.13 46.84 1459.71 466.69 GDP 374.30 466.00 38.46 177.70 311.69 21.27 246.96 2603.38 3400.12 2886.28 309.08 137.16 262.52 2129.37 27.40 38.00 Table B1: Summary table direct primary energy consumption (in Petajoule), import shares (in brackets) and GDP (in millions of US$) for 2007. Austria Belgium Bulgaria Czech Republic Denmark Estonia Finland France Germany Great Britain Greece Hungry Ireland Italy Latvia Lithuania Luxembourg Netherlands Poland Portugal Romania Slovakia Slovenia Spain Sweden 28 Crude oil 264.96 -360.19 -87.75 74.30 208.97 58.98 -41.28 930.85 630.97 524.12 108.21 53.92 308.35 -117.58 85.71 229.35 49.87 -859.52 103.22 53.29 35.03 -88.04 126.14 451.60 -102.19 Coal 268.99 326.76 -117.39 -172.05 133.74 -42.49 78.98 1240.80 1029.45 1323.03 221.71 122.23 169.00 1160.49 41.19 87.22 29.15 380.58 -297.02 129.00 62.55 5.65 23.99 828.28 230.24 Natural gas 63.36 -34.08 -22.80 29.17 60.00 6.54 77.44 704.25 648.79 434.61 198.05 24.13 76.85 293.35 25.68 22.78 -2.05 -453.08 109.53 77.23 6.52 -13.37 15.67 319.71 188.91 Nuclear energy 80.61 -109.61 -70.16 -48.54 44.28 6.37 -31.09 -638.61 7.85 199.06 50.58 -10.04 52.38 288.58 10.00 -18.88 13.25 104.93 78.92 43.68 16.20 -27.94 -11.68 76.14 -105.76 Renewables -84.43 48.08 0.27 4.78 0.22 0.52 -137.10 129.24 95.34 287.80 33.20 14.57 23.61 107.98 -2.06 3.41 3.64 74.63 13.00 -11.20 4.30 -4.00 2.78 90.30 -187.69 Total 593.49 -129.04 -297.83 -112.35 447.22 29.92 -53.05 2366.52 2412.39 2768.63 611.75 204.82 630.20 1732.83 160.52 323.88 93.86 -752.46 7.64 292.00 124.60 -127.70 156.90 1766.03 23.50 IIR 86.03% -5.80% -54.59% -19.16% 228.29% 80.53% -6.21% 42.77% 29.00% 133.65% 57.10% 29.01% 171.43% 24.14% 273.58% 87.54% 181.75% -30.75% 0.60% 36.41% 20.51% -20.26% 312.40% 39.73% 2.58% EIR 49.45% -4.45% -30.10% -5.86% 52.33% 12.80% -3.32% 20.87% 16.82% 28.74% 40.72% 17.67% 142.73% 20.56% 132.08% 62.15% 164.48% -17.55% 0.18% 29.28% 7.09% -14.30% 80.02% 30.44% 1.01% Table B2: Summary table for carrier-specific and total net-imports of primary energy embodied in traded goods (in Petajoule), energy imbalance ratio (EIR) and import imbalance ratio (IIR) for 2007. EIR - ratio of total net-imports of embodied energy over total direct primary energy consumption; IIR - ratio of total net-imports of primary energy over direct net-imports of primary energy. Austria Belgium Bulgaria Czech Republic Denmark Estonia Finland France Germany Great Britain Greece Hungry Ireland Italy Latvia Lithuania Luxembourg Netherlands Poland Portugal Romania Slovakia Slovenia Spain Sweden
© Copyright 2026 Paperzz