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Socioeconomic and environmental impact of exploitation of hydrocarbons in maritime areas: The case of Greece

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Submitted   May 4, 2022
Published   Jun 8, 2022
Issue    Vol 4 No 1 (2022)
DOI   10.25082/REE.2022.01.006

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Andreas Stergiou corresponding author
Department of Economics, University of Thessaly, Volos, Greece

Abstract

The exploration and exploitation of hydrocarbons in a maritime area have considerable social, economic and environmental impact. Despite the relevance of the topic, accurate analyses on the exact social and environmental impact of the extraction of hydrocarbons are sparse. Companies-shareholders are mainly concerned about the profit deriving from such kind of activities, while national leaders are mainly concerned about their national constituencies, since they preside over national economies and pursue national interests. On the other side, NGO’s are mainly focused on the downsides of natural resources development. Taking into account some characteristic examples of extraction and monetisation of hydrocarbons discovered in maritime areas similar to Greece, the paper tries to identify their impact in the specific circumstances of Greece and to contribute the highly topical discussion about the utility of development of hydrocarbons resources in Greece.

Keywords
Hydrocarbons, offshore drilling, fossil fuels, hydrocarbons resources, Greece

Article Details

Supporting Agencies
The author would like to thank Marios Oikonomou for his comments.
How to Cite
Stergiou, A. (2022). Socioeconomic and environmental impact of exploitation of hydrocarbons in maritime areas: The case of Greece. Resources and Environmental Economics, 4(1), 333-342. https://doi.org/10.25082/REE.2022.01.006
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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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