The main instruments of state regulation of the transformation of the fuel and energy balance

Abstract

The aim of the study is to analyze the experience of energy transition management policies in major fossil fuel exporting countries. The change in the structure of the fuel and energy balance in Canada, Australia, Norway, as well as Russia and the EU is assessed. The main trends associated with a significant decrease in the share of coal used and an increase in the share of natural gas and renewable energy sources for all the objects under consideration are identified. The analysis of carbon regulation policy revealed significant differences in the main applied principles. While Australia has a voluntary system of de facto subsidies for low-carbon activities, Canada is dominated by regional mandatory regulation, and Norway uses both tax instruments and EU cap-and-trade system.