Author
Listed:
- Pavel Tsvetkov
(Department of Organization and Management, Faculty of Economics, Saint Petersburg Mining University, Saint Petersburg 199106, Russia)
- Amina Andreichyk
(Department of Organization and Management, Faculty of Economics, Saint Petersburg Mining University, Saint Petersburg 199106, Russia)
Abstract
The issue of improving the effectiveness of international climate policy, one of the main goals of which is to reduce greenhouse gas (GHG) emissions, poses a critical and acute challenge for the global economic system. At every COP conference and in every IPCC report, it is evident that current measures fall short. To address this gap, this study examines the structure and trends of global climate policy development through content analysis, PRISMA methodology, and correlation and regression analysis using censored Bayesian Tobit regression. The obtained results are supplemented with the LMDI (Logarithmic Mean Divisia Index) decomposition of the Kaya identity. The research covers 198 countries and 4241 documents spanning 1950 to 2023 that shape global climate policy. The results showed that (1) the success of climate goals varies depending on policy instruments, institutional conditions, and the time frame of analysis; (2) the greatest success in achieving climate targets was often observed in countries that adopted moderate, realistic, and institutionally supported targets; (3) in some cases, an overachievement of targets and GHG emissions reduction was a temporal observation or the result of economic decline; (4) in countries without officially declared targets, emissions also continued under similar growth trends, calling into question the effectiveness of current methods of setting up CO 2 emissions reduction targets. These findings provide a deeper understanding of the factors determining the effectiveness of climate policy. They highlight key barriers to achieving too ambitious emission reduction targets, which can lead to economic shocks and a subsequent increase in environmental impact. Ultimately, this research can contribute to the development of more realistic and effective decarbonization strategies.
Suggested Citation
Pavel Tsvetkov & Amina Andreichyk, 2025.
"The Analysis of Goals, Results, and Trends in Global Climate Policy Through the Lens of Regulatory Documents and Macroeconomics,"
Sustainability, MDPI, vol. 17(10), pages 1-37, May.
Handle:
RePEc:gam:jsusta:v:17:y:2025:i:10:p:4532-:d:1656878
Download full text from publisher
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:17:y:2025:i:10:p:4532-:d:1656878. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.