Carbon investors should be additionally encouraged by the international environmental agenda. In November 2021, Glasgow will host the 26th Conference of the UN Framework Convention on Climate Change (COP-26), postponed due to the coronavirus pandemic. The conference is expected to confirm a unified global strategy for greenhouse emission reduction, which will be close to that already being implemented by the EU.
In addition, certain previous initiatives will probably be revitalized. The convention's previous conference (COP-25), which took place in Madrid, failed to agree on the text of a final communiqué. The participants disagreed over Article 6 of the Paris Climate Agreement, which provides for the introduction of specific mechanisms to regulate greenhouse gas emissions.
The dispute arose around the system of national determined contributions, i.e. a mechanism aimed at stimulating less wealthy countries to struggle against greenhouse gas emissions. There is no common opinion on how a company from one country, which implemented a decarbonization project in another country, could recognize the results of the CO2 emission reduction on its own books. The conference also failed to agree on a procedure of work of a special fund to finance the development of alternative energy sources in developing countries.
"In developed countries all sectors can become carbon neutral by 2050, and in developing countries —by 2060," the Energy Transition Commission's report reads
Carbon dioxide emission should decrease by 55%, which would require: