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ID:
177169
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| Summary/Abstract |
The research paper examines Central Asia Regional Economic Cooperation (CAREC) integrated energy market potentials, challenges, and opportunities for 1) harnessing untapped renewable energy potential; 2) promoting the cross-border trade to cater the rising regional demand mismatch of electricity; 3) improving energy security; and 4) reducing the carbon footprint of the region. The research demonstrates that the CAREC Energy Corridor (CEC) will optimize regional trade cooperation by building cross-border energy trade infrastructure, systems, and governance mechanisms by employing a Regional Public Goods (RPG) framework. The research finds that a one percent increase in energy imports within the region is associated with the reduction in carbon dioxide emissions by 0.245 kg per $ of GDP; the increase in the Gross Domestic Product (GDP) per unit of energy use by 0.233 per kg of oil equivalent; and the growth in electricity production from renewable sources by 0.414 kW hour, thus improving regional electricity affordability, access, and energy security. The cost benefit analysis reveals that traditional (fossil fuel or hydro) power generation and transmission costs must either beat or match the price competition and transmission flexibility options offered by renewables to sustain competitiveness of the regional electricity market.
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ID:
143350
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| Summary/Abstract |
India and Central Asia have shared a geo-cultural affinity and a long tradition of historical contacts that dates back to antiquity. There is convergence of views and interests between the Central Asian Republics and India, on fundamental issues such as; (a) need to maintain social harmony and equilibrium by promoting inter-ethnic harmony and peaceful co-existence; (b) commitment to secularism and democracy and opposition to religious fundamentalism; (c) recognition of threat to regional security and stability from trans-border terrorism, arms and drug trafficking, religious extremism and ethnic-religious secessionism; (d) commitment to the principles of territorial integrity of nation states and inviolability of state borders; (e) promoting economic, scientific and cultural cooperation and (f) ensuring peaceful and tranquil neighbourhood in Afghanistan.
The Central Asian Republics, being cautious and wary of dominating influence of the powerful neighbours like Russia and China look towards India as a friend and partner, which does not have any political or territorial ambitions in the region. India is also expected to play a balancing role in the big power games in Central Asia.
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