RECONCILING GROWTH AND ECOLOGY: ENVIRONMENTAL RESPONSIBILITY IN HYDROCARBON MARKETS

Kudratkhodjaeva Ziyoda Kamol Kizi

GREEN ECONOMY AND DEVELOPMENT, 2026, vol. 4, issue 6, 736-739

Abstract: The oil and gas sector are a fundamental pillar of the global economy, providing energy andessential resources that sustain modern life. However, its operations often conflict with the principles ofsustainable development and environmental responsibility, creating complex tradeoffs between economicgrowth and ecological protection. This article examines key environmental challenges associated withexploration, production and processing, including habitat degradation, pollution and greenhouse gasemissions, and analyzes technological, policy and corporate responses aimed at mitigating these impacts.Particular attention is given to innovations such as carbon capture and storage, enhanced oil recovery, theintegration of renewable energy, regulatory and fiscal policy frameworks, and the evolving role of corporatesocial responsibility. By synthesizing recent academic and policy literature, the study identifies majorobstacles and promising pathways for aligning oil and gas operations with longterm sustainability goals. Theanalysis shows that achieving a viable balance requires coordinated action by governments, companies andcivil society, as well as transparent, accountable strategies that integrate sustainability into core businessmodels.

Keywords: oil and gas sector; sustainable development; environmental responsibility; carbon capture and storage; enhanced oil recovery; climate change; energy policy; corporate social responsibility; Sustainable Development Goals. (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:4:y:2026:i:6:id:11536

DOI: 10.5281/zenodo.21278985

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