Energy Revolution Under the BRICS Nations

BRICS Law Journal, 4–41 (2016), Doi:10.21684/2412-2343-2016-3-1-34-41

8 Pages Posted: 19 Oct 2016

See all articles by Manjeet Sahu

Manjeet Sahu

National University of Study and Research in Law (NUSRL); University of Petroleum and Energy Studies (UPES), Students

Date Written: May 18, 2016

Abstract

The BRICS countries are of critical importance to both supply and demand fundamentals of energy markets globally. Today BRICS plays a very important role in the system of international energy security. BRICS energy diversification is driven by concerns for energy security. The potential for a BRIC energy partnership is thus enormous. The development of the BRIC countries in the next coming decades will include demographic changes with a growing middle class population which will demand more energy and resources that our world has the potential to supply.

A Green Energy Revolution is the panacea to solve major social, economic and envi­ronmental effects of their growing populations. This paper is an attempt to highlight the cooperation among the BRICS Nations for the development of Energy Sector and at the same time the concerning issue of climate change etc. It further discusses about the contribution of BRICS countries in the global economy. This paper also discusses about the role of the BRICS Nations in collaboration with the International Energy Agency.

Keywords: BRICS, energy security, demand, IEA, revolution

JEL Classification: K00, K33, K20

Suggested Citation

Sahu, Manjeet Kumar, Energy Revolution Under the BRICS Nations (May 18, 2016). BRICS Law Journal, 4–41 (2016), Doi:10.21684/2412-2343-2016-3-1-34-41. Available at SSRN: https://ssrn.com/abstract=2854555

Manjeet Kumar Sahu (Contact Author)

National University of Study and Research in Law (NUSRL) ( email )

AT- Nagri, P.O.- Bukru, Kanke-Pithoria Road
Kanke
Ranchi, Jharkhand 834006
India
8979010953 (Phone)

University of Petroleum and Energy Studies (UPES), Students ( email )

Dehradun
India

HOME PAGE: http://nusrl.ac.in

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