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Assessing the Decarbonization Progress of Russian Oil and Gas Companies

Author

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  • N. A. Sheveleva

    (National University of Oil and Gas “Gubkin University”
    Luzin Institute for Economic Studies-Subdivision of the Federal Research Center, Kola Science Center, Russian Academy of Sciences
    Union of Health Safety and Environment Professionals)

  • A. A. Cherepovitsyna

    (Luzin Institute for Economic Studies-Subdivision of the Federal Research Center, Kola Science Center, Russian Academy of Sciences)

  • K. P. Danilin

    (Luzin Institute for Economic Studies-Subdivision of the Federal Research Center, Kola Science Center, Russian Academy of Sciences)

Abstract

— The article presents the results of assessing the progress of Russian oil and gas companies in achieving targets of reduction in greenhouse gas (GHG) emissions. The applied method was based on comparing the expected and actual rates for companies’ achievement of declared targets to reduce in GHG emissions. It has been estimated that the actual rate of emission reduction deviated from the expected rate for the Russian oil and gas companies that stated quantitative targets for decarbonization. The average actual annual emission reduction rate of Russian companies is 2.625% per year while that of global companies is 1.195% per year for the comparable period.

Suggested Citation

  • N. A. Sheveleva & A. A. Cherepovitsyna & K. P. Danilin, 2024. "Assessing the Decarbonization Progress of Russian Oil and Gas Companies," Studies on Russian Economic Development, Springer, vol. 35(3), pages 406-414, June.
    • Handle: RePEc:spr:sorede:v:35:y:2024:i:3:d:10.1134_s1075700724030146
    DOI: 10.1134/S1075700724030146
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    References listed on IDEAS

    as
    1. Alexey Cherepovitsyn & Evgeniya Rutenko, 2022. "Strategic Planning of Oil and Gas Companies: The Decarbonization Transition," Energies, MDPI, vol. 15(17), pages 1-26, August.
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    3. Khorasani, Mahnaz & Sarker, Sudipa & Kabir, Golam & Ali, Syed Mithun, 2022. "Evaluating strategies to decarbonize oil and gas supply chain: Implications for energy policies in emerging economies," Energy, Elsevier, vol. 258(C).
    4. Dietz, Simon & Gardiner, Dan & Jahn, Valentin & Noels, Jolien, 2021. "How ambitious are oil and gas companies’ climate goals?," LSE Research Online Documents on Economics 112536, London School of Economics and Political Science, LSE Library.
    5. Alina Cherepovitsyna & Nadezhda Sheveleva & Arina Riadinskaia & Konstantin Danilin, 2023. "Decarbonization Measures: A Real Effect or Just a Declaration? An Assessment of Oil and Gas Companies’ Progress towards Carbon Neutrality," Energies, MDPI, vol. 16(8), pages 1-19, April.
    6. Bokka, Harsha Kumar & Lau, Hon Chung, 2023. "Decarbonising Vietnam's power and industry sectors by carbon capture and storage," Energy, Elsevier, vol. 262(PA).
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