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27) Limited Increases in Arctic Offshore Oil and Gas Production with Climate Change and the Implications for Energy Markets

Presentation Date
Monday, August 21, 2023 at 12:00pm - Monday, August 21, 2023 at 3:00pm
Authors

Author

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. In this study, 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.

Funding Program Area(s)