Balancing Energy Independence and Environmental Sustainability through Policy Recommendations in the Oil and Gas Sector
1 The Shell Petroleum Development Company, Port Harcourt, Nigeria.
2 Senior Petrophysicist, Shell Deep water, Gulf of Mexico, USA.
3 SHEVAL Engineering Services Limited, Nigeria.
4 Shell Petroleum Development Company, Nigeria.
Review
International Journal of Frontline Research in Engineering and Technology, 2024, 02(01), 021–030.
Article DOI: 10.56355/ijfret.2024.2.1.0019
Publication history:
Received on 17 July 2024; revised on 26 August 2024; accepted on 29 August 2024
Abstract:
Balancing energy independence and environmental sustainability in the oil and gas sector is crucial for ensuring a secure and healthy future. This paper examines the challenges posed by current dependencies on fossil fuels and the resulting environmental degradation, highlighting the need for comprehensive policy interventions. Key recommendations include promoting renewable energy adoption, implementing carbon pricing mechanisms, strengthening regulations on oil and gas operations, investing in carbon capture and storage (CCS) technology, and encouraging energy efficiency measures. These strategies aim to reduce greenhouse gas emissions, foster economic diversification, and support job creation in sustainable industries. By addressing both energy security and environmental sustainability, these policy recommendations offer a pathway toward a resilient and ecologically balanced energy landscape. Collaboration among stakeholders is essential for successful implementation, ultimately leading to long-term benefits for both the economy and the environment.
Keywords:
Balancing Energy Independence; Environmental Sustainability; Policy Recommendations; Oil; Gas Sector
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0