Overviews of Policies and Regulations for a Low Carbon Economy

The transition to a low-carbon economy is of utmost importance considering the global mounting climate change crises. The regulatory environment for a low-carbon economy is greatly influenced by regulatory frameworks. Businesses and investors benefit from predictable rules because it encourages them to put money into low-carbon energy projects with a longer time horizon. Compliance with environmental standards, energy efficiency, public health, and safety are all enhanced by regulatory supervision. Addressing climate change successfully requires international cooperation and engagement. Climate targets can be attained by fostering sustainable growth and protecting the earth for future generations. A future that is wealthy, resilient, and carbon–neutral can be created if governments take the lead in implementing creative policies, encouraging stakeholder engagement, and committing to aggressive climate action. This chapter gives an overview of the rules and regulations that have been put in place to ease the transition to a low-carbon economy, drawing attention to important points for stakeholders, regulators, and lawmakers.