Development of International Carbon Regulations in the Era of Globalization

Abstract

The paper covers a wide range of issues related to carbon regulation, including an analysis of the historical development of regulatory mechanisms, as well as a study of the current situation in the world and Russia’s position in this regulatory system. Having studied the problems that countries have faced in the past few years, the author identifies two types of imbalances: in developed countries, there has been a shift in priorities towards ensuring socio-economic indicators, manifested in underfunding of climate programs, and in developing countries, in addition to a decrease in the volume of «green» financing, the distribution of the financial burden of reducing emissions between producers and consumers is actively discussed. An analysis of the methodology and tools of carbon regulation made it possible to identify potential areas for activating its development through strengthening international cooperation, developing national and regional platforms for «green» financing, and reducing barriers for developing countries by redistributing the financial burden between producers and consumers.