The “keep in the ground future” of Arctic fossil fuel resources

It is extremely important to understand which role Arctic fossil fuel resources will play in the development and geopolitics of the Arctic region. The article analyses the recent trends in the world energy supply with special focus on renewable energy and future demand for fossil fuels. Focusing on...

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Bibliographic Details
Published in:Arctic and North
Main Author: Sandi Lansetti
Format: Article in Journal/Newspaper
Language:English
Russian
Published: Northern Arctic Federal University 2016
Subjects:
Arctic fossil fuels
renewable energy
carbon budget
oil and gas demand
transport electrification
Yamal LNG
International cooperation
Social Sciences
H
Arctic
Online Access:https://doi.org/10.17238/issn2221-2698.2016.25.5
https://doaj.org/article/fb29a87e0d74494f868647f4fd9e8651
Description
Summary:It is extremely important to understand which role Arctic fossil fuel resources will play in the development and geopolitics of the Arctic region. The article analyses the recent trends in the world energy supply with special focus on renewable energy and future demand for fossil fuels. Focusing on the Arctic LNG projects it comes to the conclusion that there is a growing possibility that the majority of Arctic oil and natural gas will be kept in the ground. Such an outcome would strongly influence the sustainable development and geopolitics of the region.

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