Analysing the Role of Renewables in Energy Security by Deploying Renewable Energy Security Index

Renewable energy is not only critical in achieving the energy transition in Norway but also ensures energy security. The role of renewable energy deployment in ensuring energy security in the case of Norway from 2000-2017 has been evaluated in the paper. The trade-off between energy efficiency and the deployment of renewable energy has been evaluated. Based on the concept of "four A of energy security", Availability, Accessibility, Affordability, and Acceptability, a Renewable Energy Security Index is computed by deploying Principal Component Analysis. Accessibility, Availability, and Affordability of renewable energy significantly improve energy security in Norway. Research and Development play a critical role, while environmental concerns do not contribute significantly to Norway's energy transition. Energy efficiency and renewable energy deployment are positively related in the case of Norway. Policies that enhance energy efficiency and renewable energy deployment must be adopted, along with more investment in Research and Development and renewable energy, to ensure the sustainability of renewable energy adoption in Norway.