Key points are not available for this paper at this time.
The article aims to study the determinants of the energy policy implementation process from risks and danger perspectives by building the risk management system model. The research methodology is based on the application of the risk map to the energy policy. Our results confirmed that the risk map could be applied in the energy industry to identify the risks and to implement the energy policy risk management system model which will prevent critical uncertainties and risk structure, identified from the risk map as well as bring the energy industry to the future state by implementing scenarios and strategies, developed by the World Energy Council. The research limitations are that the main limits are concerned with the lack of the evaluation results of the energy policy risks aimed for the system management of the changes which these risks may introduce. No empirical study has been conducted. The application of the risk map is related in a major part to the enterprise level with financial and technical purposes of changes. In the research we made an attempt to develop the managerial recommendations for the regulators on how to make a transitions of risks to opportunities of introducing and managing changes in the framework of the energy policy risk management system model. The originality/ value of the paper consists firstly, in the innovativeness of applying the tool of matrix forecasting to the energy sector; secondly, in providing a supporting tool to policy-makers and managers decisions.
Nyenno et al. (Fri,) studied this question.