GREENHOUSE GAS EMISSIONS TRADING SCHEME: ANALYSIS OF INTERNATIONAL EXPERIENCE AND ADOPTION PROSPECTS IN RUSSIA

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 socalled “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.