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• W2466328081 abstract "Offshore methane hydrates present a potentially abundant source of energy andfresh water and may open new pathways to green energy. However, there arecertain novel harms and hazards present within the circumstances of developingand producing offshore methane hydrates. Both cataclysmic and non-cataclysmichazards must be integrated into policy planning for the onset of this new energyresource.The study proceeds in four parts. The first part of the study provides anintroduction to the scientific, engineering and commercial characteristics of offshoremethane hydrate projects. It also provides reviews of both the potential benefits andthe potential hazards of offshore methane hydrates.The second part of the study provides a review of the law and economicstheory of accident law as applied to environmental accidents. Rules of civil liabilityare reviewed to determine when strict liability or negligence might be efficientlyemployed in risk governance. Further, similar reviews are developed for public andprivate regulation. A scientific review of the circumstances of offshore methanehydrates finds that the optimal set of rules is a combination of a strict liabilityparadigm in complementary implementation of public regulations.The third part examines existing laws and conventions to determine whichmight be applicable to offshore methane hydrates. The study also reviews if theirrisk governance strategies are in accordance with the recommendations from thesecond part of the study. It is found that most of the evaluated laws do follow asimilar risk governance strategy of strict liability accompanied by public regulation,but that many of the current laws to address offshore oil and gas hazards would notinterface with the particular circumstances of methane hydrates.In the fourth part of the study, a summary of the three previous parts ispresented and recommendations are made as how to update the existing legalframeworks to accommodate the onset of offshore methane hydrate developmentand production." @default.
• W2466328081 created "2016-07-22" @default.
• W2466328081 creator A5044035505 @default.
• W2466328081 date "2014-12-16" @default.
• W2466328081 modified "2023-09-23" @default.
• W2466328081 title "Mechanism Design for the Fiery Ice" @default.
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