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DECARBONIZATION AS A BUSINESS OPPORTUNITY FOR SMEs AND MNCs IN THE INTERNATIONALIZATION PROCESS AND THE OIL AND GAS AREA TO REDUCE CO2 EMISSIONS

Author

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  • Anis BENABED

Abstract

This paper presents and analyzes the process of decarbonization as a new key business industrial process for the industrial and energy sector; as an alternative business opportunity and partnership for Small and Medium Sized Enterprises (SMEs) and Multinational Companies (MNCs) or global companies (GCs) as large companies. Decarbonizing and reducing the CO2 emissions means contributing to sustainability in the carbon market and globalization. The author set the following research questions to structure the research: Could CO2 emissions be a useful for companies' business partnership in globalization? Can decarbonization be a business opportunity for innovative SMEs to lift their status? How can SMEs and large companies such as MNCs and GCS collaborate in the carbon market for decarbonization? Could CO2 help in regenerating fossil fuels such as oil and gas in globalization? The methodology of research based on designed conceptual frameworks to design and illustrate the process and its values linking the related literature review to the part of research and analysis. The results showed that CO2 emissions could be a business opportunity for companies especially innovative SMEs in the decarbonization process and the carbon market. However, Small and Medium Sized Enterprises should seek some help and support by large global and multinational companies in order to survive in this operational process. Large companies will need the innovative perspectives of SMEs and SMEs will need large companies for funding their process and rise in the internationalization process. The conclusions showed that the carbon market needs CO2 emissions as a business option, Oil and gas are main energy resources worldwide that is why their use is necessary, Companies such as Innovative SMEs may collaborate with MNCs in the carbon market and the energy sector to regenerate them for an alternative energy storage and satisfaction in case of crises. Companies that engage in this process are able to participate in both processes of sustainability and internationalization to advance globalization to a better phase with business values and energy satisfaction.

Suggested Citation

  • Anis BENABED, 2025. "DECARBONIZATION AS A BUSINESS OPPORTUNITY FOR SMEs AND MNCs IN THE INTERNATIONALIZATION PROCESS AND THE OIL AND GAS AREA TO REDUCE CO2 EMISSIONS," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 11(2), pages 171-185, December.
    • Handle: RePEc:aem:journl:v:11:y:2025:i:2:p:171-185
    DOI: https://doi.org/10.53486/2537-6179.11-2.10
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    References listed on IDEAS

    as
    1. Anis Benabed, 2023. "Oil and Gas Production, Exports and Imports as Critical Business Internationalization Operations for companies in Globalization: An Analytical Approach," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 2-11, December.
    2. Anis BENABED & Lucica TUDORAN, 2023. "Artificial Intelligence Towards International Regulations, Frameworks and Laws in the World of Globalization: Implications and Challenges," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 12(2), pages 268-274, June.
    3. Danyang Cheng & David M. Reiner & Fan Yang & Can Cui & Jing Meng & Yuli Shan & Yunhui Liu & Shu Tao & Dabo Guan, 2023. "Projecting future carbon emissions from cement production in developing countries," Nature Communications, Nature, vol. 14(1), pages 1-12, December.
    4. Anis Benabed, 2024. "The Recoil of Globalization and the Rising Aspects of Slowbalization, De-Globalization, Re-Globalization and Sustainability for Business and Companies," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 22-30, August.
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    Keywords

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    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market

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