The problem of climate change is a global challenge that requires a joint solution at various levels – global, regional,national, and individual. At the same time, modern global and economic processes are characterized by two significanttrends: the growth of regionalization and the intensification of deglobalization, which cannot but affect the architecture ofthe climate agenda. In this article, we review the current state of the multilevel climate agenda and discern the factors of thisagenda that affect the activities of multinational enterprises in the context of deglobalization. We conclude that we shouldexpect further fragmentation in the climate regulation system at the global level, which will affect the configuration of globalvalue chains (GVC) of companies. The regionalization of GVCs increases the importance of regional interaction and buildingrelationships between business and government on climate issues to ensure economic competitiveness along the entirevalue chain from upstream to downstream.

The study was supported by the Russian Science Foundation grant No. RSF 22-28-20430 and, financial support of the Region (“grant from the St. Petersburg Science Foundation in accordance with agreement dated April 14, 2022 No. 39/2022”), https://rscf.ru/en/project/22-28-20430/ 

This article was submitted 05.09.23