Arctic Legal System: a New Sustainable Development Model
Historically, the term ‘Arctic’ was used synonymously with the term ‘ice’, but climate change and Arctic hydrocarbon grabbed the attention of the world community as an opportunity to make the Arctic an ‘Energy Hub’. Exploration of oil and gas over the past six decades in the Arctic has made the regi...
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ftdoajarticles:oai:doaj.org/article:4b920e8074d146aaa7bc4fa11af4cf55 2023-05-15T14:32:56+02:00 Arctic Legal System: a New Sustainable Development Model Kumar Sahu Manjeet 2016-01-01T00:00:00Z https://doi.org/10.17589/2309-8678-2016-4-2-83-95 https://doaj.org/article/4b920e8074d146aaa7bc4fa11af4cf55 EN eng LLC V.Em Publishing http://www.russianlawjournal.org/jour/article/view/164 https://doaj.org/toc/2309-8678 https://doaj.org/toc/2312-3605 2309-8678 2312-3605 doi:10.17589/2309-8678-2016-4-2-83-95 https://doaj.org/article/4b920e8074d146aaa7bc4fa11af4cf55 Russian Law Journal, Vol 4, Iss 2, Pp 83-95 (2016) arctic exploration energy hub energy market sustainable development Law in general. Comparative and uniform law. Jurisprudence K1-7720 article 2016 ftdoajarticles https://doi.org/10.17589/2309-8678-2016-4-2-83-95 2022-12-30T21:45:04Z Historically, the term ‘Arctic’ was used synonymously with the term ‘ice’, but climate change and Arctic hydrocarbon grabbed the attention of the world community as an opportunity to make the Arctic an ‘Energy Hub’. Exploration of oil and gas over the past six decades in the Arctic has made the region as places in the world. All major players in the market have endeavored to approach this new energy basket to utilize its maximum benefit. Commercial exploitation of natural resources has made this place a center for the regulation of oil and gas activities. However, petroleum exploration and its operation have had significant local detrimental impacts on the atmosphere, inhabitants and marine environment. Geologists have always believed in the huge reserves of oil and gas in the Arctic Region. However, the exploration of oil and gas started as recently as the mid-1950s. An increase in the demand of oil and gas in the international market, as well as its growing scarcity, compelled the world to locate oil and gas reserves in various regions. It is significant to note that the Arctic states are strategically going to control the excessive exploitation of Arctic hydrocarbon with much profitability. However, it is still a far sighted question ‘whether Arctic will provide direct competition to the Middle East’ and become another hub in the energy market. Article in Journal/Newspaper Arctic Climate change Directory of Open Access Journals: DOAJ Articles Arctic Russian Law Journal 4 2 83 95 |
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Open Polar |
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Directory of Open Access Journals: DOAJ Articles |
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ftdoajarticles |
language |
English |
topic |
arctic exploration energy hub energy market sustainable development Law in general. Comparative and uniform law. Jurisprudence K1-7720 |
spellingShingle |
arctic exploration energy hub energy market sustainable development Law in general. Comparative and uniform law. Jurisprudence K1-7720 Kumar Sahu Manjeet Arctic Legal System: a New Sustainable Development Model |
topic_facet |
arctic exploration energy hub energy market sustainable development Law in general. Comparative and uniform law. Jurisprudence K1-7720 |
description |
Historically, the term ‘Arctic’ was used synonymously with the term ‘ice’, but climate change and Arctic hydrocarbon grabbed the attention of the world community as an opportunity to make the Arctic an ‘Energy Hub’. Exploration of oil and gas over the past six decades in the Arctic has made the region as places in the world. All major players in the market have endeavored to approach this new energy basket to utilize its maximum benefit. Commercial exploitation of natural resources has made this place a center for the regulation of oil and gas activities. However, petroleum exploration and its operation have had significant local detrimental impacts on the atmosphere, inhabitants and marine environment. Geologists have always believed in the huge reserves of oil and gas in the Arctic Region. However, the exploration of oil and gas started as recently as the mid-1950s. An increase in the demand of oil and gas in the international market, as well as its growing scarcity, compelled the world to locate oil and gas reserves in various regions. It is significant to note that the Arctic states are strategically going to control the excessive exploitation of Arctic hydrocarbon with much profitability. However, it is still a far sighted question ‘whether Arctic will provide direct competition to the Middle East’ and become another hub in the energy market. |
format |
Article in Journal/Newspaper |
author |
Kumar Sahu Manjeet |
author_facet |
Kumar Sahu Manjeet |
author_sort |
Kumar Sahu Manjeet |
title |
Arctic Legal System: a New Sustainable Development Model |
title_short |
Arctic Legal System: a New Sustainable Development Model |
title_full |
Arctic Legal System: a New Sustainable Development Model |
title_fullStr |
Arctic Legal System: a New Sustainable Development Model |
title_full_unstemmed |
Arctic Legal System: a New Sustainable Development Model |
title_sort |
arctic legal system: a new sustainable development model |
publisher |
LLC V.Em Publishing |
publishDate |
2016 |
url |
https://doi.org/10.17589/2309-8678-2016-4-2-83-95 https://doaj.org/article/4b920e8074d146aaa7bc4fa11af4cf55 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic Climate change |
genre_facet |
Arctic Climate change |
op_source |
Russian Law Journal, Vol 4, Iss 2, Pp 83-95 (2016) |
op_relation |
http://www.russianlawjournal.org/jour/article/view/164 https://doaj.org/toc/2309-8678 https://doaj.org/toc/2312-3605 2309-8678 2312-3605 doi:10.17589/2309-8678-2016-4-2-83-95 https://doaj.org/article/4b920e8074d146aaa7bc4fa11af4cf55 |
op_doi |
https://doi.org/10.17589/2309-8678-2016-4-2-83-95 |
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Russian Law Journal |
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4 |
container_issue |
2 |
container_start_page |
83 |
op_container_end_page |
95 |
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1766306257120002048 |