THE ROLE OF OIL COMPANIES IN IMPLEMENTING PAYMENTS FOR ENVIRONMENTAL SERVICES IN ANGOLA: CHALLENGES AND OPPORTUNITIES FOR SUSTAINABLE MANAGEMENT
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https://doi.org/10.63330/sasciencesv6n2-044Palabras clave:
Payment for Environmental Services, Oil Sector, Environmental Governance, Sustainability, Angola, SDGs, Biodiversity, Marine Conservation, Environmental IndicatorsResumen
This article examines the feasibility, opportunities, and constraints associated with implementing Payment for Environmental Services (PES) mechanisms within Angola’s oil sector, a strategic industry that generates significant environmental, social, and economic externalities. Using a qualitative, exploratory, and multi-method approach that includes structured literature review, document analysis, and comparative assessment of international PES experiences, the study evaluates PES as a governance instrument capable of promoting ecological restoration, carbon mitigation, biodiversity conservation, water resource protection, and community development. The findings indicate that PES can help mitigate oil-related impacts through reforestation programs, mangrove and coastal ecosystem restoration, watershed protection, marine conservation, and community-based livelihood initiatives, which enhance carbon sequestration, reduce land degradation, strengthen climate resilience, and improve socio-environmental outcomes for local populations. However, the successful implementation of PES in Angola requires addressing persistent legal and institutional gaps, strengthening monitoring, reporting, and verification (MRV) systems, preventing risks of corporate greenwashing, and improving coordination among governmental agencies, private operators, and local communities. The study concludes that PES represents a strategic opportunity for Angola to reinforce environmental governance, elevate corporate sustainability performance, and accelerate progress toward the Sustainable Development Goals (SDGs), particularly SDGs 6, 13, 14, and 15, which relate to water security, climate action, marine conservation, and terrestrial ecosystem protection, while also contributing to more transparent, inclusive, and performance-based environmental management practices in oil-producing regions.
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