Green royalties: Keeping offshore Amazon free of oil
While the world urgently hopes to reduce GHG emissions from fossil fuels and deforestation, the Brazilian Amazon offshore potentially becomes a new frontier for oil companies. The expected impact of oil royalties on the regional GDP is a political driving force pro-exploration. We advocate that the...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-04-01
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| Series: | Perspectives in Ecology and Conservation |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2530064425000124 |
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| author | André L. Guimarães Álvaro M. Batista Yuri Telles Anna C.F. Aguiar Fabio R. Scarano Paulo Moutinho |
| author_facet | André L. Guimarães Álvaro M. Batista Yuri Telles Anna C.F. Aguiar Fabio R. Scarano Paulo Moutinho |
| author_sort | André L. Guimarães |
| collection | DOAJ |
| description | While the world urgently hopes to reduce GHG emissions from fossil fuels and deforestation, the Brazilian Amazon offshore potentially becomes a new frontier for oil companies. The expected impact of oil royalties on the regional GDP is a political driving force pro-exploration. We advocate that the Brazilian Amazon offshore must remain oil exploration-free and that the country could give up its sovereign right to explore oil locally while replacing oil royalties with ''green royalties''. Therefore, we propose that the region could benefit from creating a trust fund covering the same amount of royalties that the area would receive from the country's decision not to allow oil exploration in the region. |
| format | Article |
| id | doaj-art-a6cb3373589840ffa18b3eab349cd255 |
| institution | OA Journals |
| issn | 2530-0644 |
| language | English |
| publishDate | 2025-04-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Perspectives in Ecology and Conservation |
| spelling | doaj-art-a6cb3373589840ffa18b3eab349cd2552025-08-20T02:31:12ZengElsevierPerspectives in Ecology and Conservation2530-06442025-04-01232707610.1016/j.pecon.2025.03.003Green royalties: Keeping offshore Amazon free of oilAndré L. Guimarães0Álvaro M. Batista1Yuri Telles2Anna C.F. Aguiar3Fabio R. Scarano4Paulo Moutinho5Amazon Environmental Research Institute – IPAM Amazon, SCLN 211, Bl. B, 70863-520 Brasília, DF, BrazilAmazon Environmental Research Institute – IPAM Amazon, SCLN 211, Bl. B, 70863-520 Brasília, DF, BrazilMuseum of Tomorrow, IDG, Unesco Chair in Planetary Wellbeing and Regenerative Anticipation, Rio de Janeiro, RJ, BrazilMuseum of Tomorrow, IDG, Unesco Chair in Planetary Wellbeing and Regenerative Anticipation, Rio de Janeiro, RJ, Brazil; Pontifícia Universidade Católica, PUC-Rio, Graduate Program on Sustainability Science, Rio de Janeiro, RJ, BrazilMuseum of Tomorrow, IDG, Unesco Chair in Planetary Wellbeing and Regenerative Anticipation, Rio de Janeiro, RJ, Brazil; Pontifícia Universidade Católica, PUC-Rio, Graduate Program on Sustainability Science, Rio de Janeiro, RJ, Brazil; Universidade Federal do Rio de Janeiro, CCS, IB, Depto de Ecologia, Rio de Janeiro, RJ, Brazil; Corresponding authors.Amazon Environmental Research Institute – IPAM Amazon, SCLN 211, Bl. B, 70863-520 Brasília, DF, Brazil; Corresponding authors.While the world urgently hopes to reduce GHG emissions from fossil fuels and deforestation, the Brazilian Amazon offshore potentially becomes a new frontier for oil companies. The expected impact of oil royalties on the regional GDP is a political driving force pro-exploration. We advocate that the Brazilian Amazon offshore must remain oil exploration-free and that the country could give up its sovereign right to explore oil locally while replacing oil royalties with ''green royalties''. Therefore, we propose that the region could benefit from creating a trust fund covering the same amount of royalties that the area would receive from the country's decision not to allow oil exploration in the region.http://www.sciencedirect.com/science/article/pii/S2530064425000124Brazilian AmazonEquatorial marginExternalityFossil fuelsOil exploration |
| spellingShingle | André L. Guimarães Álvaro M. Batista Yuri Telles Anna C.F. Aguiar Fabio R. Scarano Paulo Moutinho Green royalties: Keeping offshore Amazon free of oil Perspectives in Ecology and Conservation Brazilian Amazon Equatorial margin Externality Fossil fuels Oil exploration |
| title | Green royalties: Keeping offshore Amazon free of oil |
| title_full | Green royalties: Keeping offshore Amazon free of oil |
| title_fullStr | Green royalties: Keeping offshore Amazon free of oil |
| title_full_unstemmed | Green royalties: Keeping offshore Amazon free of oil |
| title_short | Green royalties: Keeping offshore Amazon free of oil |
| title_sort | green royalties keeping offshore amazon free of oil |
| topic | Brazilian Amazon Equatorial margin Externality Fossil fuels Oil exploration |
| url | http://www.sciencedirect.com/science/article/pii/S2530064425000124 |
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