A composite indicator-based method to assess the energy security of Nepal and prospects of cross-border electricity sharing in South Asia

摘要: Scholars recommend country (or region) specific energy security indices capable of adequately considering local specificities in the absence of a ‘universal’ index. Such an index is not available for Nepal. Hence, this study is the first to develop the Energy Security Composite Index of Nepal (ESCOIN), applying a comprehensive indicator-based approach to quantify energy security (ES) of Nepal. We build upon the notion that a country is able to trade energy when it is energy secure. We quantify Nepal's energy security and qualitatively assess the prospect for regional power trade in South Asia. A long list of 77 indicators is compiled from an extensive review of international literature. Based on the context, applicability to Nepal, data availability and conditions of multi-collinearity, this list of indicators is narrowed down to 21. Principal Component Analysis is then applied to evaluate the importance of the components …