DBPapers
DOI: 10.5593/SGEM2014/B13/S3.067

RISK ANALYSIS OF ENERGY SECURITY OF THE CZECH REPUBLIC

M. Seidl, Y. Tomaskova ., N. Smatanova ., P. Kolman
Wednesday 1 October 2014 by Libadmin2014

References: 14th International Multidisciplinary Scientific GeoConference SGEM 2014, www.sgem.org, SGEM2014 Conference Proceedings, ISBN 978-619-7105-09-4 / ISSN 1314-2704, June 19-25, 2014, Book 1, Vol. 3, 513-520 pp

ABSTRACT
Raw materials are a basic input into the production processes in a given country. Energy raw materials have the priority and an irreplaceable position in this area. Lack of these raw materials poses a threat for any economy. No country in the world is fully selfsufficient in raw materials, as there is always a certain degree of dependence on imports. The degree of a country’s dependence on imports of energy resources determines the country’s energy security. This dependence alone is a source of risks that can be influence, but frequently cannot be influenced and need to be assessed and managed. The first step in the whole process of risk assessment is the identification of risks, which enables subsequent risk analysis and evaluation. The aim of this process is to find the options of how to treat these risks and subsequently mitigate their consequences. This paper focuses on the first stage of this process – identifying the risks affecting energy security in today’s globalised world, namely the Czech Republic as an EU Member State. The authors’ intention is to create a general-purpose methodology for risk management for the issue at hand.

Keywords: Energy security, risks, uncertainty, energy raw materials