Limited increases in Arctic offshore oil and gas production with climate change and the implications for energy markets.

ABSTRACT: Climate change impacts on sea ice thickness is opening access to offshore Arctic resources. The degree to which these resources are exploited will depend on sea-ice conditions, technology costs, international energy markets, and the regulatory environment. We use an integrated human-Earth system model, GCAM, to explore the effects of spatial-temporal patterns of sea-ice loss under climate change on future Arctic offshore oil and gas extraction, considering interactions with global energy markets and emission reduction scenarios. We find that under SSP5, a "fossil-fueled development" scenario, the effects of sea-ice loss are larger for Arctic offshore oil production than gas. Under SSP5, future extraction of Arctic offshore oil and gas through 2100 adds roughly 0.8-2.6 EJ/year to oil and ga

SUBMITTER: Zhang Y 

PROVIDER: S-EPMC10954641 | biostudies-literature | 2024 Mar

REPOSITORIES: biostudies-literature