Environmental Impact Assessment of Energy Management Strategies in India's Oil and Gas Operations

Context and SignificanceThe oil and gas industry plays a vital role in meeting global energy demands, yet it is also one of the most environmentally impactful sectors, posing significant challenges to sustainability (Cordes et al., 2016).This industry's extensive reliance on fossil fuels contributes heavily to greenhouse gas emissions, water contamination, land degradation, and ecosystem disturbances.Operations from extraction to transportation and refining release pollutants that compromise air quality, exacerbate climate change and affect biodiversity.In particular, deep-water drilling and offshore production introduce unique environmental risks, as spills and leaks can devastate marine ecosystems, causing long-term damage that is difficult to reverse.Such incidents highlight the need for stringent energy management practices to reduce adverse effects (Cordes et al., 2016).Beyond pollution, the oil and gas sector faces resource management challenges.The industry consumes vast quantities of water and energy, further straining already limited resources and contributing to local resource scarcity, especially in regions with high industry concentration.Moreover, managing waste from drilling and refining poses another environmental challenge, with toxic by-products often requiring complex disposal methods to prevent soil and water contamination.In response, there is a growing call for an effective environmental impact assessment (EIA) framework tailored to the oil and gas industry, focusing on reducing emissions, conserving resources, and protecting ecosystems.Establishing sustainable practices within this sector is essential, not only for minimizing its environmental footprint but also for ensuring long-term operational viability in a world increasingly focused on climate resilience and ecological responsibility.This study explores the environmental impact of energy management strategies within India's oil and gas industry, a sector crucial to the nation's energy security yet responsible for a significant ecological footprint.Employing a comprehensive environmental impact assessment (EIA) framework, this research evaluates the effectiveness of current energy management practices and their sustainability implications.By analysing data on greenhouse gas emissions, resource consumption, and waste management, along with reviewing industry practices and policies, this study highlights gaps in India's regulatory landscape while benchmarking against global standards.Key findings reveal that although Indian oil and gas companies have implemented some energy-efficient practices, challenges remain in achieving a low-carbon economy due to regulatory limitations, technological constraints, and high operational demands.Recommendations include adopting advanced energy management technologies, strengthening policy frameworks, and fostering collaborative efforts to enhance sustainability practices across the sector.This research aims to inform policymakers and industry stakeholders, emphasizing the urgent need for sustainable energy strategies within India's oil and gas sector.

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Publication Details

Journal
Global Research Review in Business and Economics
Published
2024-12-01
DOI
https://doi.org/10.56805/grrbe.24.10.6.85
Primary Topic
Natural Resources and Economic Development
Type
article
Field-Weighted Citation Impact
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article

Environmental Impact Assessment of Energy Management Strategies in India's Oil and Gas Operations

Priyanka Anand, P. P. Gangal, Arvind Kumar, Anjali Yadav et al.
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Global Research Review in Business and Economics
Natural Resources and Economic Development
article

Environmental Impact Assessment of Energy Management Strategies in India's Oil and Gas Operations

Priyanka Anand, P. P. Gangal, Arvind Kumar, Anjali Yadav, Prof. L.N Koli
article en

Abstract

Context and SignificanceThe oil and gas industry plays a vital role in meeting global energy demands, yet it is also one of the most environmentally impactful sectors, posing significant challenges to sustainability (Cordes et al., 2016).This industry's extensive reliance on fossil fuels contributes heavily to greenhouse gas emissions, water contamination, land degradation, and ecosystem disturbances.Operations from extraction to transportation and refining release pollutants that compromise air quality, exacerbate climate change and affect biodiversity.In particular, deep-water drilling and offshore production introduce unique environmental risks, as spills and leaks can devastate marine ecosystems, causing long-term damage that is difficult to reverse.Such incidents highlight the need for stringent energy management practices to reduce adverse effects (Cordes et al., 2016).Beyond pollution, the oil and gas sector faces resource management challenges.The industry consumes vast quantities of water and energy, further straining already limited resources and contributing to local resource scarcity, especially in regions with high industry concentration.Moreover, managing waste from drilling and refining poses another environmental challenge, with toxic by-products often requiring complex disposal methods to prevent soil and water contamination.In response, there is a growing call for an effective environmental impact assessment (EIA) framework tailored to the oil and gas industry, focusing on reducing emissions, conserving resources, and protecting ecosystems.Establishing sustainable practices within this sector is essential, not only for minimizing its environmental footprint but also for ensuring long-term operational viability in a world increasingly focused on climate resilience and ecological responsibility.This study explores the environmental impact of energy management strategies within India's oil and gas industry, a sector crucial to the nation's energy security yet responsible for a significant ecological footprint.Employing a comprehensive environmental impact assessment (EIA) framework, this research evaluates the effectiveness of current energy management practices and their sustainability implications.By analysing data on greenhouse gas emissions, resource consumption, and waste management, along with reviewing industry practices and policies, this study highlights gaps in India's regulatory landscape while benchmarking against global standards.Key findings reveal that although Indian oil and gas companies have implemented some energy-efficient practices, challenges remain in achieving a low-carbon economy due to regulatory limitations, technological constraints, and high operational demands.Recommendations include adopting advanced energy management technologies, strengthening policy frameworks, and fostering collaborative efforts to enhance sustainability practices across the sector.This research aims to inform policymakers and industry stakeholders, emphasizing the urgent need for sustainable energy strategies within India's oil and gas sector.

Global Research Review in Business and EconomicsVol. 10(6)
Openalex Percentile: Top 49%
Natural Resources and Economic Development
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