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

Author

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  • Syedah Shan E Ahmad

    (Faculty of Economics and Management Sciences, The Women University, Multan)

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.

Suggested Citation

  • Syedah Shan E Ahmad, 2015. "Recognizing Novel Red Sea Conservation Strategies Solving Environmental Issues and CO2 Storage," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 3(3), pages 156-161, September.
  • Handle: RePEc:ijr:beejor:v:3:y:2015:i:3:p:156-161
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    References listed on IDEAS

    as
    1. Muhammad Shahbaz Shabbir & Muhammad Shahbaz & Muhammad Zeshan, 2014. "Renewable and Nonrenewable Energy Consumption, Real GDP and CO2 Emissions Nexus: A Structural VAR Approach in Pakistan," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 2(3), pages 91-105, September.
    2. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
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    More about this item

    Keywords

    Carbon dioxide Storage; Conservation Strategies; Environmental Issues; Regulators;
    All these keywords.

    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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