Over recent years, the European Union has been increasingly exploring new alternative routes and sources for natural gas due to energy security concerns, mostly associated with the Russian - Ukrainian circumstances and the significant role which natural gas is expected to have in the future. Currently it is considered as "the transition fuel" to the future green-energy reality. The so-called Southern Gas Corridor (SCG) is one of the most significant alternative routes and after years of planning its estimated completion date is rapidly approaching. Considerable progress has been shown towards the completion of this project, some challenges, including regional security issues, local opposition along parts of the route, stagnant demand in Western Europe and the consistently decreasing cost of imported Liquified Natural Gas (LNG), still remain.
Economic instruments, particularly carbon tax and emissions trading scheme (ETS), have recently attracted the most attention to combat climate change because of their cost efficency to reduce emissions. Introducing these in Asia, where most of the countries do not currently have emission reduction.
Organisations often face complex decisions requiring the assessment of large amounts of data. In recent years Multicriteria Decision Aid (MCDA) and Artificial Intelligence (AI) techniques have been applied with considerable success to support decision making in a wide range of complex real-world
The chapter "A Renewable Energy Future?" was written by Prof. Michael Jefferson in the "Handbook On Energy And Climate Change" and edited by Roger Fouquet, Principal Research Fellow, Grantham Research Institute on Climate Change and the Environment, London School of Economics, UK.
The chapter "Energy Index Tracking" was written by Prof. Kostas Andriosopoulos in the Commodity Investing and Trading book and edited by Stinson Gibner, a nineteen-year veteran in energy risk management and trading.