Decarbonization as a multilateral political mechanism for carbon regulation

Abstract

Formulation of the problem. This article is devoted to the analysis of the current state and prospects of the decarbonization project and its role in foreign policy in the process of creating the emissions trading system and the mechanism of the new European system of taxation of imported goods that leave a large carbon footprint (Control Border Adjustment Mechanism, CBAM) (the so-called "carbon border"). The issues raised in this work correspond to the Sustainable Development Goals (SDGs), namely: the fight against climate change (13 goals), which were adopted by the United Nations in 2015 as a universal call to action to reduce poverty, protect the planet and ensure that by 2030 all people live in peace and prosperity. It was analyzed that the EU institutions (Commission, Council or European Parliament) had the greatest impact on the organizational structure of the European Union emissions trading (STV). Purpose. The purpose of the study is to analyze the role of decarbonization as a multilateral political mechanism of carbon regulation at the border. Methods. Comparative, systemic, institutional research methods are used in the article. Research results. Attempts by the European Parliament to significantly change the decentralized nature of the ETS have failed. Thus, the process of updating the ETS and the mechanism of the new European system of taxation of imported goods that leave a large carbon footprint corresponds to the main provisions of the intergovernmental approach. Decarbonization is a term used to remove or reduce carbon dioxide (СО2) emissions from the atmosphere. Decarbonization is achieved by switching to low-carbon energy sources. The project "Cross-Border Adjustment of the Carbon Tax Upon World Accession" makes it possible to avoid negative consequences for trade and can create a win-win situation - in economic, political and environmental terms. Documents reflecting the positions of the subjects and the course of the legislative process were used as primary materials. The research was conducted on the basis of the process tracking method. The article proves that the decisive confluence in the formation of the ETS design was the member states (the balance of interests and influence of the member states in the Council of the EU). The commission played a significant role as the author of the idea and moderator of compromises. The Commission and the European Parliament have on several occasions successfully blocked or softened Member State amendments that threatened to undermine the substance of emissions trading. Conclusions. As the planet faces rising temperatures and more frequent extreme weather events, it is clear that our current infrastructure practices must evolve. To mitigate and adapt to climate change, sustainable infrastructure is not just an option; it is a necessity.