IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2023-03-28.html
   My bibliography  Save this article

Towards the Sustainable Decommissioning of Fixed Platforms by Aligning Ecosystem Services and Wind Generation: A Brazilian Case

Author

Listed:
  • Douglas Vieira Barboza

    (Federal Fluminense University, Brazil.)

  • Marcelo Jasmim Meiri o

    (Federal Fluminense University, Brazil.)

  • S rgio Ricardo da Silveira Barros

    (Federal Fluminense University, Brazil.)

  • Ricardo Luiz Fernandes Bella

    (Federal Fluminense University, Brazil.)

Abstract

Brazilian legislation, as well as others around the world, determines that oil platforms, mainly fixed, must be decommissioned at the end of the feasibility of exploring the oil field, however, it is not common to consider the loss of ecosystem services that sustain life, the biodiversity and make resources available to humans. Considering the importance of the ecosystems that developed in the substructures of platforms, this work proposes a solution to maintain ecosystem services together with the development of clean, economically viable wind energy generation. For this, a proposal is built based on climatological, geographic, and wind power generation market data that seeks to demonstrate the financial viability of the specific case of the Robalo 1 Platform, which is located about 50 kilometers from other platforms to be decommissioned, in the Sergipe-Alagoas Basin, Brazil. It was found that when minimally valuing ecosystem services such as artificial reefs and integrating wind generation for the non-decommissioning of the fixed platform substructure, from the point of view of net present value, the project proves to be viable.

Suggested Citation

  • Douglas Vieira Barboza & Marcelo Jasmim Meiri o & S rgio Ricardo da Silveira Barros & Ricardo Luiz Fernandes Bella, 2023. "Towards the Sustainable Decommissioning of Fixed Platforms by Aligning Ecosystem Services and Wind Generation: A Brazilian Case," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 235-242, May.
    • Handle: RePEc:eco:journ2:2023-03-28
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/14114/7302
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/14114
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Cavazzi, S. & Dutton, A.G., 2016. "An Offshore Wind Energy Geographic Information System (OWE-GIS) for assessment of the UK's offshore wind energy potential," Renewable Energy, Elsevier, vol. 87(P1), pages 212-228.
    2. Costanza, Robert, 2020. "Valuing natural capital and ecosystem services toward the goals of efficiency, fairness, and sustainability," Ecosystem Services, Elsevier, vol. 43(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lai, Chun Sing & Locatelli, Giorgio, 2021. "Economic and financial appraisal of novel large-scale energy storage technologies," Energy, Elsevier, vol. 214(C).
    2. Ioannis Souliotis & Nikolaos Voulvoulis, 2021. "Natural Capital Accounting Informing Water Management Policies in Europe," Sustainability, MDPI, vol. 13(20), pages 1-24, October.
    3. Margarita Ignatyeva & Vera Yurak & Alexey Dushin, 2022. "Valuating Natural Resources and Ecosystem Services: Systematic Review of Methods in Use," Sustainability, MDPI, vol. 14(3), pages 1-17, February.
    4. Tolessa Deksissa & Harris Trobman & Kamran Zendehdel & Hossain Azam, 2021. "Integrating Urban Agriculture and Stormwater Management in a Circular Economy to Enhance Ecosystem Services: Connecting the Dots," Sustainability, MDPI, vol. 13(15), pages 1-19, July.
    5. Maria Cerreta & Simona Panaro & Giuliano Poli, 2021. "A Spatial Decision Support System for Multifunctional Landscape Assessment: A Transformative Resilience Perspective for Vulnerable Inland Areas," Sustainability, MDPI, vol. 13(5), pages 1-22, March.
    6. Kim, Choong-Ki & Jang, Seonju & Kim, Tae Yun, 2018. "Site selection for offshore wind farms in the southwest coast of South Korea," Renewable Energy, Elsevier, vol. 120(C), pages 151-162.
    7. Bosch, Jonathan & Staffell, Iain & Hawkes, Adam D., 2017. "Temporally-explicit and spatially-resolved global onshore wind energy potentials," Energy, Elsevier, vol. 131(C), pages 207-217.
    8. Virtanen, E.A. & Lappalainen, J. & Nurmi, M. & Viitasalo, M. & Tikanmäki, M. & Heinonen, J. & Atlaskin, E. & Kallasvuo, M. & Tikkanen, H. & Moilanen, A., 2022. "Balancing profitability of energy production, societal impacts and biodiversity in offshore wind farm design," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    9. Wei Shi & Fuwei Qiao & Liang Zhou, 2021. "Identification of Ecological Risk Zoning on Qinghai-Tibet Plateau from the Perspective of Ecosystem Service Supply and Demand," Sustainability, MDPI, vol. 13(10), pages 1-17, May.
    10. Asad Rehman & Mohsin Ali Koondhar & Zafar Ali & Munawar Jamali & Ragab A. El-Sehiemy, 2023. "Critical Issues of Optimal Reactive Power Compensation Based on an HVAC Transmission System for an Offshore Wind Farm," Sustainability, MDPI, vol. 15(19), pages 1-19, September.
    11. Prieur, Jacques, 2020. "Critical warning! Preventing the multidimensional apocalypse on planet Earth," Ecosystem Services, Elsevier, vol. 45(C).
    12. Chenxi Li & Zhihong Zong & Haichao Qie & Yingying Fang & Qiao Liu, 2023. "CiteSpace and Bibliometric Analysis of Published Research on Forest Ecosystem Services for the Period 2018–2022," Land, MDPI, vol. 12(4), pages 1-16, April.
    13. Murthy, K.S.R. & Rahi, O.P., 2016. "Preliminary assessment of wind power potential over the coastal region of Bheemunipatnam in northern Andhra Pradesh, India," Renewable Energy, Elsevier, vol. 99(C), pages 1137-1145.
    14. Bingyi Wang & Tong Chen & Wangbing Liu, 2023. "Accounting for the Logic and Spatiotemporal Evolution of the Comprehensive Value of Cultivated Land around Big Cities: Empirical Evidence Based on 35 Counties in the Hefei Metropolitan Area," Sustainability, MDPI, vol. 15(14), pages 1-22, July.
    15. Maund, Phoebe R. & Irvine, Katherine N. & Dallimer, Martin & Fish, Robert & Austen, Gail E. & Davies, Zoe G., 2020. "Do ecosystem service frameworks represent people’s values?," Ecosystem Services, Elsevier, vol. 46(C).
    16. Bosch, Jonathan & Staffell, Iain & Hawkes, Adam D., 2019. "Global levelised cost of electricity from offshore wind," Energy, Elsevier, vol. 189(C).
    17. Yunfei Zhao & Zhibo Han & Yuanquan Xu, 2022. "Impact of Land Use/Cover Change on Ecosystem Service Value in Guangxi," Sustainability, MDPI, vol. 14(17), pages 1-21, August.
    18. Bahaj, AbuBakr S. & Mahdy, Mostafa & Alghamdi, Abdulsalam S. & Richards, David J., 2020. "New approach to determine the Importance Index for developing offshore wind energy potential sites: Supported by UK and Arabian Peninsula case studies," Renewable Energy, Elsevier, vol. 152(C), pages 441-457.
    19. Chunsheng Wu & Guoxia Ma & Weishan Yang & Ying Zhou & Fei Peng & Jinnan Wang & Fang Yu, 2021. "Assessment of Ecosystem Service Value and Its Differences in the Yellow River Basin and Yangtze River Basin," Sustainability, MDPI, vol. 13(7), pages 1-16, March.
    20. Heydinger, John & Diggle, Richard & Stuart-Hill, Greg & Dierkes, Katharina & Packer, Craig, 2022. "Differentiated payments for ecosystem services based on estimated prey consumption by lions within communal conservancies in northwest Namibia," Ecosystem Services, Elsevier, vol. 53(C).

    More about this item

    Keywords

    Descommissioning; Offshore Wind Energy; Environmental Services; Oil Platform; Reuse; Sustainable Technologies;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2023-03-28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.