Recognizing Novel Red Sea Conservation Strategies Solving Environmental Issues and CO2 Storage

Syedah Shan E Ahmad
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Syedah Shan E Ahmad: Faculty of Economics and Management Sciences, The Women University, Multan

Bulletin of Energy Economics (BEE), 2015, vol. 3, issue 3, 156-161

Abstract: Cumulative carbon dioxide emissions will lead to climatic change and ocean acidification with severe costs for ecosystems and also for human society. For reducing emissions including the storage of CO2, strategies are being formed. Prevailing literature exists for oil and gas regulatory frameworks, however if other non-oil reservoir formations are utilized these current regulations may not apply. At national level, the probable environmental influences of uncontrolled CO2 discharges from storage sites have been underlined to be of meaning for regulators. Therefore a new regulatory framework is required. The protective principle is expected to be implemented by regulators, thus it is vital that the effects of severe and protracted exposures of ecosystems to CO2 outflows are appraised. Subsequently, prevailing regulations are expected to be developed to contain specific recommendations regarding leakages. Historically exceptional threats to the marine environment caused by cumulative atmospheric carbon dioxide will undoubtedly have need of utilizing the unconventional, non-passive approaches to conserve Red sea ecosystems. Imploring such methods and assessing their cost, safety and effectiveness should be chunk of robust ocean conservation and advancing management plan.

Keywords: Carbon dioxide Storage; Conservation Strategies; Environmental Issues; Regulators (search for similar items in EconPapers)
JEL-codes: Q15 (search for similar items in EconPapers)
Date: 2015
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