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Symposium 2012

Solution for Exploring Energy Resources in the Arctic Ocean

The Challenge

As temperatures rise with a changing climate, Arctic sea ice melts. As a consequence, the once ice-covered Arctic Ocean becomes increasingly accessible, with implications for various economic sectors. ...

As temperatures rise with a changing climate, Arctic sea ice melts. As a consequence, the once ice-covered Arctic Ocean becomes increasingly accessible, with implications for various economic sectors. In particular, the oil and gas resources below the seafloor have whetted the appetite of the littoral states—Canada, Denmark, Norway, Russia and the United States—as well as outsiders, such as China and the European Union, which are developing or rethinking their Arctic strategies.

Invest in research on secure extraction of conventional resources, on renewable energy technologies and on how to capture leaking methane.

Investments are needed in research on how to optimize extraction of conventional resources but mostly on renewable energy sources (such as wind energy, already a promising field in the Arctic, both onshore and offshore), as well as in the exploitation of methane.

Methane leaking from the Arctic in the course of the melting the permafrost poses a severe risk to the climate. At the same time, it represents a large-scale energy deposit that awaits tapping. At present, no technology is available to capture that leaking methane. To begin to exploit this resource, research must be done on such technologies. Exploiting Arctic methane would incur the same advantages as exploiting subsoil gas from the Arctic Ocean in terms of distance and availability but (it is hoped) with substantially less risk.

    Related Solutions

    Solution
    Symposium 2012

    Redo the "math" of offshore oil extraction in the Arctic (taking account of all costs, risks and benefits) through a comprehensive dialogue between all stakeholders.

    Redo the "math" of offshore oil extraction in the Arctic (taking account of all costs, risks and benefits) through a comprehensive dialogue between all stakeholders.

    Redo the "math" of offshore oil extraction in the Arctic (taking account of all costs, risks and benefits) through a comprehensive dialogue between all stakeholders.

    Polity, Business, Civil Society
    Solution
    Symposium 2012

    Rather than imposing particular technical solutions and standards, Arctic countries need to stipulate performance-based regulation and standards for drilling activities and ensure that operating companies bear the full costs of ...

    Rather than imposing particular technical solutions and standards, Arctic countries need to stipulate performance-based regulation and standards for drilling activities and ensure that operating compa ...

    Rather than imposing particular technical solutions and standards, Arctic countries need to stipulate performance-based regulation and standards for drilling activities and ensure that operating companies bear the full costs of any incident.

    Polity, Business
    Solution
    Symposium 2012

    Limit drilling to the least risky regions, where there is no ice or little enough ice to make effective ice management possible.

    Limit drilling to the least risky regions, where there is no ice or little enough ice to make effective ice management possible.

    Limit drilling to the least risky regions, where there is no ice or little enough ice to make effective ice management possible.

    Polity
    Solution
    Symposium 2012

    The members of the Arctic Council should continue their efforts towards reaching binding agreements and recognize the necessary balance between national and common interests by accepting new observers.

    The members of the Arctic Council should continue their efforts towards reaching binding agreements and recognize the necessary balance between national and common interests by accepting new observers.

    The members of the Arctic Council should continue their efforts towards reaching binding agreements and recognize the necessary balance between national and common interests by accepting new observers.

    Polity, Civil Society