Transition (or not) to Low Carbon Economy: The Overwiew in the Context of Climate Change and Energy Policies

Greenhouse gas emissions from the energy sector account for about two-thirds of total emissions. Due to the fight against climate change, transition to low carbon economy gains importance. However, the low carbon economy is likely to result in the resistance of these countries and industries to harming the countries and industries operating in the framework of the extraction, production, financing, distribution and consumption of fossil fuels. On the other hand, struggling with climate change presents new economic gains; decarbonization recommendation is supported. The aim of this study is to examine the objective of transitioning to a low carbon economy and the policies and practices that support or delay this goal in the context of climate change and energy policies by literature review of examples from the United States, European Union and China's climate and energy policies. As a result, the determination of the fossil fuel sector continues; the monopoly position of developed countries and industries as providers of low carbon technologies continues; market-based mechanisms such as emissions trading are supported as new earnings areas in terms of companies, both in terms of energy and climate justice, deprivations and problems arise