Current problems of Europe

Paris agreement on climate change: Its impact on world energy sector and new challenges for Russia

Макаров И.А., Степанов И.А.

Makarov I.A. – candidate of sciences (Ph.D. in economics), associate professor of the Faculty of world economy and international affairs, School of world economy, Higher school of economics, «World Economy» programme academic supervisor, Higher school of economics. Stepanov I.A. – junior researcher, Center for comprehensive European and international studies, Higher school of economics, postgraduate student, Doctoral school of economics, Higher school of economics.

Abstract

The Paris Agreement on Climate Change reflects the consensus of the world community on transition to low-carbon development. Greenhouse gas emissions reduction is closely intertwined with various national objectives, such as strengthening energy security, technological development, and many others. Transition to low-carbon development is a new reality of world energy, which brings significant risks for those who stay away from these trends.

Keywords

Paris Agreement on Climate Change, low-carbon development, renewable energy, divestment from coal assets, world energy, green economy.

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