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Carbon Tax: Application Prospects and Challenges for the Russian Economy

https://doi.org/10.26794/1999-849X-2023-16-3-138-143

Abstract

The problem of reducing carbon emissions and the mechanisms for its solution are in the focus of attention of the scientific community, specialists in energy-intensive industries and the leadership of relevant government agencies. The subject of the study is the application of a carbon tax to minimize carbon dioxide emissions into the atmosphere. The purpose of the work is to determine the prospects for the application of the carbon tax for Russian business and the state as a whole in the context of modern trends in the greening of the world economy. The article examines the current provisions of the mechanism for cross-border adjustment of carbon emissions of the European Union, summarizes the opinions of experts on the potential impact of this tool on the Russian economy. The ambiguous influence of the mechanism of cross-border adjustment of carbon emissions on the development prospects of countries with different income levels and possible measures to offset the negative consequences for countries with a low level of economic development are analyzed. The question of the impact of the carbon tax on the business of the importing countries of energy–intensive products is investigated. Conclusions are drawn about the need to stimulate the use of the latest developments in the field of eco-friendly planning, design and operation of energy-intensive industries, reducing the carbon footprint of manufactured products, and promising areas of cooperation between Russia and foreign partners in the field of protecting the rights of national producers of energy-intensive industries are identified.

About the Author

N. V. Sergeeva
Financial University
Russian Federation

Natalia V. Sergeeva — Candidate of Economic Sciences, Assoc. Prof., Assoc. Prof. of the Department of World Economy and International Business, Financial University.

Moscow



References

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For citations:


Sergeeva N.V. Carbon Tax: Application Prospects and Challenges for the Russian Economy. Economics, taxes & law. 2023;16(3):138-143. (In Russ.) https://doi.org/10.26794/1999-849X-2023-16-3-138-143

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ISSN 1999-849X (Print)
ISSN 2619-1474 (Online)