Brief

G20 Scorecard of Fossil Fuel Funding: Russia

By Ivetta Gerasimchuk on November 9, 2020

Russia is the second-largest provider of government support to fossil fuels by absolute value at USD 80.9 billion annually (2017–2019 average) due to large capital expenditure by state-owned enterprises (SOEs), tax breaks for upstream oil and gas, and regulated gas and electricity prices.

To learn more, see our full report Doubling Back and Doubling Down: G20 scorecard on fossil fuel funding.

Brief details

Region
Russia
Project
IISD Global Subsidies Initiative
Publisher
IISD
Copyright
IISD, 2020