Bifurcation Points of Carbon Regulation

Abstract

There are 1800 climate change laws around the world. In recent years, the rapid increase in carbon emissions has caused global warming and climate pollution, causing serious harm to social development and human health. Reducing carbon emissions is getting a lot of attention. Since the Kyoto Protocol and the Paris Agreement, many countries have made efforts to reduce carbon emissions.The article describes the international processes intended to adopt regulations on greenhouse gas emissions, including the regulated market for quotas and the voluntary market for reducing greenhouse gas emissions. The emphasis is on European and Russian quota mechanisms. The stages of development of transborder carbon regulation in the EU are highlighted. It is noted that in Russia, the leader in application of ESG criteria is JSC Russian Railways, as a company that is consistently pursuing the transition to implementing the principles of sustainable development.The conclusions on international trends in development of carbon regulation are followed by proposals on solutions regarding problematic aspects of the new Russian carbon legislation. According to the authors, the target scenario remains the transition to a new technological structure ensuring a real reducing the carbon footprint.