ESG PLATFORM AS A TOOL FOR SUSTAINABLE DEVELOPMENT OF THE OIL AND GAS SECTOR OF THE ECONOMY

UDC 33.338
DOI: 10.36871/ek.up.p.r.2023.11.05.001

Authors

Marina V. Vechkasova,
Federal State Budgetary Educational Institution of Higher Education “Tyumen Industrial University”
Svetlana Yu. Shevchenko,
St. Petersburg State University of Economics

Abstract

The article proposes the formation of a promising model of sustainable regulation of the oil and gas sector of the economy (in particular, carbon-intensive industries). The ESG platform developed by the authors, as a tool for the transition to a sustainable development model, creates the necessary conditions for business initiatives of the oil and gas sector of the economy and determines their preferential position in the market. In turn, restrictive measures taken against carbon-intensive industries determine new growth points for petrochemical enterprises that create high added value. This is characterized by the fact that high-tech solutions are being created in such industries, which are necessary in modern conditions of energy transfer.

Keywords

carbon market; CO2; green economy; sustainable development; ESG platform; carbon taxation; quota trading system.