A 62-year-old male with a history of chronic obstructive pulmonary disease (COPD) is admitted to the emergency department with increasing shortness of breath and a productive cough with green sputum. Arterial blood gas analysis reveals a pH of 7.32, PaCO2 of 58 mmHg, and HCO3 of 28 mEq/L. Based on the patient's history and blood gas results, which of the following pathophysiological mechanisms would most likely explain this patient’s condition?