Tomsk National Research Polytechnic University, Tomsk, Russia:

I. V. Sharf, Professor, Associate Professor, Doctor of Economic Sciences, irina_sharf@mail.ru

Gubkin Russian State University of Oil and Gas, Moscow, Russia:
A. A. Pelmeneva, Head of Department, Associate Professor, Candidate of Economic Sciences

The research relevance is conditioned by the necessity of analyzing the existing tax system in Russia in the aspect of sufficiency and efficiency of taken measures to enhance competitiveness of oil and gas companies in the condition of implementing neutral-hydrocarbon policy of the European Union. The purpose of the research is to analyze the existing institutional measures, directly or indirectly influencing the large oil and gas company programs aimed at solving the problem of reducing carbon intensity of national economy. The research is aimed at considering the system of tax allowance in the context of increasing energy efficiency, associated gas utilization, reduction of greenhouse gas emissions and carbon footprints as well as production of renewable energy sources. The research methods are economic and statistic. The research hypothesis suggests that introduction of carbon tax would increase the negative effect of tax allowance on a region. The research results have shown that government regulation is of lagging character behind the legislation initiatives of the European Union. In the regions, the most effective tax allowances were in traditional oil-and-gas producing regions with developed production and transport infrastructure, whereas in the regions located in the new oil-bearing provinces the tasks were not completed. Introduction of carbon tax for exported carbon production would increase the existing differentiated impact on the regions. As a consequence, the authors suggest measures that, on the one hand, allow reducing the impact on the budget, which is topical in the condition of macroeconomic instability, whereas, on the other hand, contribute to intensification of oil and gas company activity in the regions with insufficient production and transport infrastructure.

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