- Consulting Editors
- Modernization and the Russian Economy: Three Hundred Years of Catching Up
- Command Economy and its Legacy
- Russia’s Economic Transformation
- Transformational Recession
- Growth Trends in Russia After 1998
- Institutional Performance
- Corporate Governance in Russia
- The Russian Tax System
- The Unofficial Economy in Russia
- Russian Corruption
- Russia’s Dependence on Resources
- The Russian Oil Sector
- The Russian Natural Gas Sector
- The Russian Electricity Market: Variants of Development
- The Economics of Mineral Resources
- The Challenge of Reforming Environmental Regulation in Russia
- Economics of the Military-Industrial Complex
- Science, High-Tech Industries, and Innovation
- Blame the Switchman? Russian Railways Restructuring After Ten Years
- Russian Agriculture and Transition
- Russian Banking as an Active Volcano
- Financial and Credit Markets
- Russian Trade and Foreign Direct Investment Policy at the Crossroads
- Economic Geography of Russia
- Russian Fiscal Federalism: Impact of Political and Fiscal (De)centralization
- Regional Challenges: the Case of Siberia
- Labor Market Adjustment: is Russia Different?
- Higher Education Reform and Access to College in Russia
- Russia’s Health Care System: Difficult Path of Reform
- Poverty and Inequality in Russia
- Recent Demographic Developments in the Russian Federation
Abstract and Keywords
The chapter considers improvements of environmental regulation as an important precondition for steady economic growth in Russia. Estimated costs of urban air pollution in Russia reach 4–5 percent of GDP. Human health risk constitutes the single largest part of environmental damage from air pollution in the country. We provide a detailed account for costs of environmental pollution, discuss the history of environmental regulation in Russia, and outline a way forward with key principles and recommendations for reform. Environmental regulation should address externalities and create explicit or implicit price of pollution to send market signals for private and public capital to be deployed into new technologies and shift to a “greener” (sustainable) and more inclusive economic growth. Risk indicators could be a central element for setting emission targets. A risk-based approach to environmental regulation can be complemented by a tax imposed on energy or, better yet, on CO2 emission.
Alexander Golub is an Adjunct Professor in the Department of Environmental Sciences at American University, and the former Senior Economist of the Environmental Defense Fund in Washington, D.C. His research interests include environmental policy, climate change economics and health risk analysis.
Mikhail Kozeltzev is a Professor of Economics and Director of the Institute for Environmental Economics and Policy at the National Research University Higher School of Economics in Moscow. His research interests include economic analysis of environmental liability and environmental regulation, as well development of national and local plans on climate change mitigation and adaptation.
Alexander Martusevich is a Consultant for the Organization for Economic Cooperation and Development (OECD) in Paris, France. His research interests include environmental economics and finance, water and environmental infrastructure.
Elena Strukova is a Consultant at the World Bank in Washington, D.C. Her research interests focus on the analysis of costs of environmental degradation.
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.