G. Safonov, Head of the SU-HSE Center for Economics of Environment and Natural Resources

The article is devoted to one of the main challenges for human society in the 21st Century, which is the global climate change. It is G8 who must play a leading role in addressing this challenge now. The leaders of industrialized nations have adopted a range of commitments to mitigate climate change through development and implementation of national and international schemes for greenhouse gas emission reduction, radical improvement of energy efficiency, use of renewable and clean energy technologies, promoting sustainable development in the world. Russia is one of the key partners of the longer-term global climate deal, who has both domestic and international commitments and interests in development of the low carbon society in the future.