Structuring the Investment Project Portfolio of an Oil and Gas Company with an Account of the Carbon Tax
Abstract
Abstract This paper proposes an economic-mathematical framework for selecting efficient corporate investment projects under investment constraints, incorporating the impact of a transboundary carbon tax. The approach is based on solving a knapsack problem and it was tested using real-world data from PAO Lukoil, with varying carbon tax rates over the forecast period 2025–2030. The results confirm that the introduction of carbon regulation increases the share of zero-carbon projects in the investment portfolio while reducing the company’s projected profits.
Fields of Study & Subjects
Capital Investment and Risk Analysis
Climate Change Policy and Economics
Business and Economic Development
Publication details
- Journal / source
- Studies on Russian Economic Development
- Volume
- 37
- Issue
- 1
- Pages
- 82–89
- Publication date
- 1 February 2026
- Language
- EN