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State and municipal management. Scholar notes

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Greenhouse gas emissions trading scheme: analysis of international experience and adoption prospects in Russia

https://doi.org/10.22394/2079-1690-2023-1-1-89-96

Abstract

This article presents various greenhouse gas emission regulation methods and contains a comparative analysis of their advantages and disadvantages, illustrates their functioning principles.  Particular attention within the article is paid to the emission trading systems with a brief description of  the largest operating systems in the world given. Based on a review of existing publications on this topic, some conclusions were made regarding necessary conditions for their successful implementation, the effectiveness of such systems and recommendations for their development. The current state of emission regulation in Russia is described with the focus on the so-called “Sakhalin experiment” launched in 2022, that is aimed at achieving regional carbon neutrality by 2025 by means of an emission trading system deployment. This project’s roadmap is analyzed including both finished and pending steps.

About the Authors

M. A. Korytsev
Southern Federal University
Russian Federation

Maksim A. Korytsev – Doctor of Economics, Professor

Rostov-on-Don



S. A. Morozov
Southern Federal University
Russian Federation

 Serafim A. Morozov - Graduate Student

Rostov-on-Don



References

1. Makarov O. I., Stepanov I. A. Carbon regulation: options and challenges for Russia. Vestnik Moskovskogo Universiteta. Seriya 6: Ekonomika = Bulletin of the Moscow University. Series 6: Economics. 2017;(6):3–22. (In Russ.)

2. Narassimhan E., Gallagher K. S., Koester S. & Alejo J. R. Carbon pricing in practice: a review of existing emissions trading systems. Climate Policy. 2018;18(8):967–991.

3. Green J. F. Does carbon pricing reduce emissions? A review of ex-post analyses. Environmental Research Letters. 2021;16(4).

4. Bashmakov I. A. Efficiency of the European greenhouse gas emission trade scheme and its evolution. Ekologicheskiy vestnik Rossii = Ecological Bulletin of Russia. 2018;(4):32–41. (In Russ.)

5. Monast J. Integrating State, Regional, and Federal Greenhouse Gas Markets: Options and Tradeoffs. Duke Environmental Law & Policy Forum. 2008;18:329–346.


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For citations:


Korytsev M.A., Morozov S.A. Greenhouse gas emissions trading scheme: analysis of international experience and adoption prospects in Russia. State and municipal management. Scholar notes. 2023;(1):89-96. (In Russ.) https://doi.org/10.22394/2079-1690-2023-1-1-89-96

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ISSN 2079-1690 (Print)
ISSN 2687-0290 (Online)