Russian Federation
Country indicators
GDP per capita - gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. (Source: World Bank)
GDP per capita (USD):
11,786.62
Fossil fuel subsidies (USD, billions) - All consumer and producer pre-tax subsidies. Pre-tax consumer subsidies exist when energy consumers pay prices that are below the costs incurred to supply them with this energy. (Source: IMF)
Fossil fuel subsidies (USD, billions):
28.57
Fossil Fuel Subsidies as % of GDP - All consumer and producer pre-tax subsidies as percent of a country’s GDP. (Source: IMF)
Fossil fuel subsidies (% of GDP):
1.81
Fossil Fuel Subsidies with externalities as % of GDP - All consumer and producer post-tax subsidies. Post-tax consumer subsidies exist if consumer prices for energy are below supply costs plus the efficient levels of taxation. (Source: IMF)
Fossil fuel subsidies with externalities (% of GDP):
36.33
Revenue from environmentally related taxes as % of GDP - All revenue from environmentally related taxes - defined as any compulsory, unrequited payment to general government levied on tax-bases deemed to be of particular environmental relevance – as percent of a country’s GDP. (Source: OECD)
Revenue from environmentally related taxes (% of GDP):
n/a
Carbon pricing gap - Measure of how much countries fall short of pricing carbon emissions in line with a EUR 60 benchmark value (midpoint estimate of the carbon costs in 2020 and a low-end estimate for 2030). The difference is presented as percentage: If the Effective Carbon Rate (ECR) on all emissions is at least as high as the benchmark, the gap is zero, and if the ECR is zero throughout, the gap is 100%. (Source: OECD)
Carbon Pricing Gap (%):
100
News
Russian draft climate law significantly weakened after industry intervention
2019-11-04
25 October 2019: The Russian government has significantly weakened its proposed law to regulate emissions, apparently caving in to the country’s powerful fossil fuel industry. The first draft of the
Gas and Taxes: The Impact of Russia’s Tinkering with Upstream Gas Taxes on State Revenues and Decline Rates of Legacy Gas Fields (Oxford Energy)
2017-10-31
In a world of low commodity prices the potential for conflict between hydrocarbon producers and governments over tax revenues is exacerbated. In Russia this is even more true because the