Nightmare scenarios from the exploitation of hydrocarbons in Crete - 20 September, 2019
Research records the huge financial risks for the island in the event of an accident
Opposite scenarios for Crete are outlined in a study of the economic impact of the exploitation of hydrocarbons in Greece by the Eftec - Economics for the Environment last January.
This investigation is being cited by the WWF and Greenpeace, demanding that the contracts for the exploration and exploitation of hydrocarbons in Crete and the Ionian Sea be filed against the National Assembly, as a matter of national concern. The two organizations are sending a joint letter to the parties and Members of Parliament.
In their letter, the organizations argue that "to date, the only detailed economic and technical analysis of the environmental costs of hydrocarbon projects is the study" Economic impacts of hydrocarbons in Greece "conducted by Eftec - Economics for the Environment (January 2019) ”.
As they note, “the economic and technical study emphasizes that while technological developments have led to a reduction in the risks of accidents from hydrocarbon mining in Europe's seas, however, no one can ignore that mining activity has very real risks:
The same study evaluates four different scenarios, calculating a subset of the total impact that hydrocarbon mining can have on the economy and the environment, in particular:
(a) the cost of cleaning oil spills
(b) the economic impact on tourism;
(c) the economic impact on fisheries; and
(d) the impact of the associated greenhouse gas emissions
Hundreds of millions of euros in damages
For Crete, therefore, on the basis of the available data, the economic and technical analysis calculates the cumulative cost over a 25-year period (the estimate follows the European Union's cost-benefit analysis guidelines and the implications that occur in the future are expressed in present value terms, based on a discount rate of 4%) from € 218-304 million in three scenarios with relatively minor pollution incidents and € 2,161 billion in the fourth scenario of a major event of pollution.
At the same time there will be losses from 35 to 379.4 million euros of VAT in tourism, from € 0.3 to € 2.6 million in VAT on fisheries and even greater financial burdens from unemployment in the tourism industry.
REASON FOR NATIONAL THREAT
The two organizations call on the Greek Parliament to immediately annul the hydrocarbon exploration and extraction program in Greece and to vote against those conventions that directly threaten the country's national economy, society and natural environment.
In particular, WWF and Greenpeace report that these contracts:
• “They are all about giving the oil companies a huge 50,000 sq km of marine land in Ionian and Crete, putting at great risk not only areas of unique ecological value, such as the Kyparissian Gulf and the Gulf of Laganis, but also Laganas Bay, but also in Crete, Ionian and Western Greece contributing to the national economy with billions of euros in tax revenue and hundreds of thousands of jobs.
• They do not provide the necessary security guarantees from the oil companies operating in the area, which are responsible for some of the most serious environmental disasters in history.
• They circumvent the environmental acquis, as they allow for particularly intrusive and dangerous operations, such as hydrocarbon exploration and extraction, even within protected areas.
• Enclose the country on a path incompatible with the Paris Agreement.
New policies to avert climate crisis will make farming projects a disadvantage, burdening taxpayers with billions of euros in the coming years.
• Perpetuate our country's dependence on fossil fuels, when all available financial evidence indicates that fossil fuel dependence is not only scientifically necessary, but also the optimal economic option in terms of sustainable development. ”
The two organizations point out that "by voting for these concessions, members of the Hellenic Parliament automatically burden our children with a" debt "that they will never be able to repay."
"At the same time that the conventions, which are responsible for tens of millions of tons of greenhouse gases, will be ratified in the House, millions of children in Greece and around the world will demonstrate demanding drastic measures to prevent unprecedented ecological collapse." Dimitris Ibrahim said in charge of a campaign by WWF Greece against hydrocarbon mining in Greece.
"With still fresh memories of a burning summer that has shocked the whole planet and with science warning that literally a handful of years are left before any hope is lost, the Greek Parliament is not only called to vote on another Convention: it has to choose between salvation of the country from climate disaster and the interest of an expired industry. Any ratification of the conventions exposes Greek MPs as being responsible for an environmental and climate crime, both for her and for future generations, "said Takis Grigoriou, responsible for energy and climate change at the Greek office of Greenpeace.
WWF and Greenpeace call on members of the Greek parliament to "vote against the conventions as nationally damaging and put an end to a misguided" development "model that has undermined the unique natural beauty of Crete and the Ionian seas for decades."
From: http://www.haniotika-nea.gr/efialtika-s ... tin-kriti/