`EnergySecurityandTheGreenTransitionJadenKim,AugustusJ.Panton,andGregorSchwerhoffWP/24/6IMFWorkingPapersdescriberesearchinprogressbytheauthor(s)andarepublishedtoelicitcommentsandtoencouragedebate.TheviewsexpressedinIMFWorkingPapersarethoseoftheauthor(s)anddonotnecessarilyrepresenttheviewsoftheIMF,itsExecutiveBoard,orIMFmanagement.2024JAN©2024InternationalMonetaryFundWP/24/6IMFWorkingPaperResearchDepartmentEnergySecurityandTheGreenTransitionPreparedbyJadenKim,AugustusJ.PantonandGregorSchwerhoffAuthorizedfordistributionbyFlorenceJaumotteJanuary2024IMFWorkingPapersdescriberesearchinprogressbytheauthor(s)andarepublishedtoelicitcommentsandtoencouragedebate.TheviewsexpressedinIMFWorkingPapersarethoseoftheauthor(s)anddonotnecessarilyrepresenttheviewsoftheIMF,itsExecutiveBoard,orIMFmanagement.ABSTRACT:Thecurrentenergycrisishasraisedimportantpolicyquestionsonhowtostrengthenshort-termenergysecuritywhileremainingfirmlycommittedtothegreentransition,achallengeamplifiedbytherecentconsensusatCOP28totransitionawayfromfossilfuels.Thispaperexaminesthehistoricaldeterminantsofthesecurityofenergysupplyandanalyzesthegreentransitionimplicationsforenergysecurity.Lookingback,wefindthatthediversificationofenergytradepartners,orthelackthereof,wasthemainfactorthatunderpinnedenergysecuritydynamicswithinandacrosscountriesoverthelasttwode...
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