1945

The main objective of energy market integration is to improve energy security through the harnessing of the benefits of geographical proximity and the potential of complementarities among neighbouring countries based on different levels of energy resource endowments and technological development (Kimura and Shi, 2011). At the same time, energy integration can also facilitate regional integration in several ways: fostering economic growth by facilitating energy trade; optimizing resource allocation across countries; and enhancing economic and technical efficiencies.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
/content/books/9789210577359c015
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