Beyond Fossil Fuels: Fiscal transition in BRICS

This report by the International Institute for Sustainable Development argues that BRICS governments must prepare their budgets for a fiscal transition as the clean energy transition reduces revenues from fossil fuel production and consumption.

• The clean energy transition threatens government revenues in BRICS nations through two primary mechanisms: a decline in fossil fuel prices and a long-term reduction in the total volume of fossil fuel production and consumption.
• In 2017, the proportion of general government revenue derived from fossil fuel production and consumption varied significantly across BRICS countries, with Russia having the highest share at 23.6 per cent, followed by India at 17.8 per cent, Brazil and South Africa both at 6.8 per cent, and China at 4.2 per cent.
• BRICS governments are experiencing budget erosion due to fossil fuel subsidies; phasing out these subsidies is identified as a way to simultaneously increase government revenues and encourage the transition to clean energy.

APA

Kühne,, I. G. O. B. G. R. G. (2019). Beyond Fossil Fuels: Fiscal transition in BRICS. International Institute for Sustainable Development. https://www.iisd.org/publications/beyond-fossil-fuels-brics

Chicago

Kühne,, Ivetta Gerasimchuk,Yuliia Oharenko,Richard Bridle,Vibhuti Garg,Joachim Roth,Anna Geddes,Kjell. Beyond Fossil Fuels: Fiscal transition in BRICS. International Institute for Sustainable Development, 2019. https://www.iisd.org/publications/beyond-fossil-fuels-brics.

Wikipedia

{{cite report |last1=Kühne, |first1=Ivetta Gerasimchuk,Yuliia Oharenko,Richard Bridle,Vibhuti Garg,Joachim Roth,Anna Geddes,Kjell |title=Beyond Fossil Fuels: Fiscal transition in BRICS |publisher=International Institute for Sustainable Development |date=12 November 2019 |url=https://www.iisd.org/publications/beyond-fossil-fuels-brics |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{khne2019beyond, author = {Kühne,, Ivetta Gerasimchuk,Yuliia Oharenko,Richard Bridle,Vibhuti Garg,Joachim Roth,Anna Geddes,Kjell}, title = {{Beyond Fossil Fuels: Fiscal transition in BRICS}}, institution = {International Institute for Sustainable Development}, year = {2019}, month = nov, url = {https://www.iisd.org/publications/beyond-fossil-fuels-brics}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }