Perspectives of decarbonization of world economy in the context of implementation of the UN Paris Climate agreement

Abstract

The UN Paris Climate Agreement requires unprecedented efforts to prevent global warming above 1,5-2°C. Despite geopolitical, economic and other disruptions, cooperation in climate sphere is one of the key directions of international interaction among the world leading economies. Many countries adopted decarbonization strategies and carbon neutrality targets by 2050-2070. The economic analysis the decarbonization scenarios showed that zero-carbon technologies in energy, industries and other sectors can play a crucial role in reduction of carbon emissions worldwide. Achievement of Paris Agreement goals can be more efficient if the mechanisms of international climate cooperation, carbon pricing and regulation would be broadly applied.