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Carbon Neutrality and Tax Incentives
[Углеродная Нейтральность И Налоговые Льготы]

Author

Listed:
  • Vladimir V. Gromov

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

It is generally accepted to consider climate change regulation at the state as well international level. And attention to the problem of global warming will only grow in the coming decade. This is especially important for Russia because by 2030 greenhouse gas emissions should be reduced to 70% compared to 1990. This is the task which President of Russia Vladimir V. Putin has set for the Russian government. The movement in this direction has already been launched, as evidenced by the experiment to achieve carbon neutrality in the Sakhalin region. The «green» policy vector simultaneously raised the issue of granting tax incentives to participants of climate projects in the form proposed by the Russian Ministry of Economic Development in 2021. Therefore, the article highlights the determinants of the territory choice for carrying out mentioned experiment and identifies shortcomings of the proposed concept of tax incentives. The article concludes with recommendations for their elimination.

Suggested Citation

  • Vladimir V. Gromov, 2023. "Carbon Neutrality and Tax Incentives [Углеродная Нейтральность И Налоговые Льготы]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 5, pages 71-77, May.
    • Handle: RePEc:gai:recdev:r2342
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    More about this item

    Keywords

    carbon neutrality; carbon unit; climate policy; global warming; greenhouse gas emissions; investment; regional economy; tax incentive; tax policy; tax system;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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