ISSN (print) - 0131-7652

ISSN (online) - 2686-7605

Vol. 56 No. 3 (2026)
ECOLOGY AND ECONOMY

Carbon Pricing in the Russian Electric Power Industry: Goals, Challenges and Possible Organizational Forms

Requires Subscription or Fee PDF (Русский) (RUB 200)
  • I.A. Makarov,
  • D.S. Ivashkin
I.A. Makarov
Institute for the Economics of Natural Resources and Climate Change HSE University
D.S. Ivashkin
Institute for the Economics of Natural Resources and Climate Change HSE University
DOI: https://doi.org/10.30680/ECO0131-7652-2026-3-88-116

Published 2026-05-21

Keywords

  • carbon price; carbon pricing; carbon tax; emissions trading systems; border carbon adjustment; electricity market; indirect energy emissions

How to Cite

1.
Makarov И, Ivashkin Д. Carbon Pricing in the Russian Electric Power Industry: Goals, Challenges and Possible Organizational Forms. ECO [Internet]. 2026 May 21 [cited 2026 May 29];56(3):88-116. Available from: https://ecotrends.ru/index.php/eco/article/view/4969

Abstract

This paper examines the key principles and elements of carbon pricing in the power sector, which plays a crucial role in global decarbonization. Drawing on international experience and taking into account the Russian industry and country context, we estimate the potential for implementation of carbon price in Russia in order to stimulate structural shifts in the industry toward low-carbon generation. Challenges of implementation of the carbon price in the Russian power sector include the presence of energy-deficit regions, high inflation risks, low competition, and the inertia of the current economic model. Under these conditions, the application of a carbon price to indirect greenhouse gas emissions from end consumers is an acceptable compromise.
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