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The world faces old and new problems that are more complicated than our currently capable multilateral and national institutions. To face these challenges, international cooperation is becoming ever more important. An international environmental agreement is a kind of treaty that is binding in international law, allowing them to accomplish an environmental goal. Bilateral environmental agreement is defined as an agreement between two countries. If the agreement is signed between three or more nations it is called a Multilateral Environmental Agreement. These agreements, mainly drawn up by the United Nations, include issues, such as environmental policies, freshwater policies, hazardous waste and material policies, aquatic environment, wildlife conservation policies, noise pollution and nuclear safety. International agreements set a number of objectives: Informal agreements may formulate action plans for sovereign states or international institutions; they may establish or alter international organizations or bodies; and legally binding agreements may demand that sovereign states change their actions. Least developed countries face significant challenges in terms of mitigation and adaptation, which must be resolved by successful agreements. A state government may wish to abide by an agreement but lacks the power to do so. Some climate agreements build in frameworks for promoting implementation and enforcement through technology transfer, funding and technical support. Agreements can facilitate the process of forging a common vocabulary and a mutual knowledge of an issue. States have often taken steps within their own jurisdictions which foreshadow what they are prepared to agree internationally. The balance of power is increasingly shifting, giving rise to questions about the successful functioning of foreign regimes. This current multi-polarity also deepens cleavages over the nature of agreements. The financial crisis spurred consensus on institutional reform; adapting international architecture to better ...

The world faces old and new problems that are more complicated than our currently capable multilateral and national institutions. To face these challenges, international cooperation is becoming ever more important. An international environmental agreement is a kind of treaty that is binding in international law, allowing them to accomplish an environmental goal. Bilateral environmental agreement is defined as an agreement between two countries. If the agreement is signed between three or more nations it is called a Multilateral Environmental Agreement. These agreements, mainly drawn up by the United Nations, include issues, such as environmental policies, freshwater policies, hazardous waste and material policies, aquatic environment, wildlife conservation policies, noise pollution and nuclear safety. International agreements set a number of objectives: Informal agreements may formulate action plans for sovereign states or international institutions; they may establish or alter international organizations or bodies; and legally binding agreements may demand that sovereign states change their actions. Least developed countries face significant challenges in terms of mitigation and adaptation, which must be resolved by successful agreements. A state government may wish to abide by an agreement but lacks the power to do so. Some climate agreements build in frameworks for promoting implementation and enforcement through technology transfer, funding and technical support. Agreements can facilitate the process of forging a common vocabulary and a mutual knowledge of an issue. States have often taken steps within their own jurisdictions which foreshadow what they are prepared to agree internationally. The balance of power is increasingly shifting, giving rise to questions about the successful functioning of foreign regimes. This current multi-polarity also deepens cleavages over the nature of agreements. The financial crisis spurred consensus on institutional reform; adapting international architecture to better represent the dynamics of contemporary power. The emerging and developing economies have concluded agreements in the environmental problem field to promote mitigation and adaptation assistance to the least developed countries. This present paper analyzes the development, function and the problems of these agreements.

Climate change is one of the greatest environmental challenges of our time. Climate change can occur as a result of natural processes on Earth (e.g., tectonic motion of continents), as a result of external influences on the planet (e.g., changes in the intensity of solar radiation), or even as a result of human activity (e.g., greenhouse gas production). Human activities have boosted emissions of carbon dioxide, pushing up the temperatures. One potential impact is extreme weather and melting polar ice. There are natural climate fluctuations, but it is a fact that temperatures are growing higher now than at many other periods. This is related to the greenhouse effect which describes how some of the Sun's energy is trapped in the Earth's atmosphere. Solar energy from the Earth's surface, radiating back to space, is absorbed by greenhouse gases and re-emitted in every direction. This present paper discusses the impact of climate change and summarises the role of legal regulations in the process of this major environmental problem.

Petroleum economics is the field that studies human utilization of petroleum resources and the consequences of that utilization. Petroleum use allows the production of energy. Resources can be regarded as renewable or depletable; petroleum falls into the latter category, which can have an effect on pricing strategies. Crude oil is one of the main natural feedstocks used to meet energy demands and price variation has a significant influence on the society development. A large amount of research suggests that oil price fluctuations have considerable consequences on economic activity. These consequences are expected to be different in oil importing and in oil exporting countries. Whereas an oil price increase should be considered positive news in oil exporting countries and negative news in oil importing countries, the reverse should be expected when the oil price decreases. The paper investigates the co-movements and causality relationship between oil prices and GDP of selected oil exporting countries. Our assumption is decreasing oil prices have a negative impact on the GDP of such countries.

2019 was Earth's second warmest year since 1850. In 2019 the global mean temperature was cooler than in 2016, but warmer than any other year explicitly measured. Consequently, 2016 is still the warmest year in historical observation history. Year-to-year rankings are likely to reflect natural fluctuations in the short term, but the overall pattern remains consistent with a long-term global warming trend. This would be predicted from global warming caused by greenhouse gases, temperature increase across the globe is broadly spread, impacting almost all areas of land and oceans. "Climate change" and "global warming" are often used interchangeably but are of distinct significance. Global warming is the long-term heating of the Earth's climate system observed since the pre-industrial period as a result of human activities, mainly the combustion of fossil fuel, which raises the heat-trapping greenhouse gas levels in the Earth's air. The term is often used interchangeably with the term climate change, as the latter applies to warming caused both humanly and naturally, and the impact it has on our planet. This is most generally calculated as the average increase in global surface temperature on Earth. Carbon dioxide emission is one of the main reasons for global warming. Since the Industrial Revolution, human sources of carbon dioxide emissions have been growing. Human activities such as the burning of oil, coal and gas, as well as deforestation are the primary cause of the increased carbon dioxide concentrations in the atmosphere. In our research, let's examine the relationship between the amount of carbon dioxide emissions and the GDP/capita in developed and developing countries.

2019 was Earth's second warmest year since 1850. In 2019 the global mean temperature was cooler than in 2016, but warmer than any other year explicitly measured. Consequently, 2016 is still the warmest year in historical observation history. Year-to-year rankings are likely to reflect natural fluctuations in the short term, but the overall pattern remains consistent with a long-term global warming trend. This would be predicted from global warming, caused by greenhouse gases, temperature increase across the globe is broadly spread, impacting almost all areas of land and oceans. "Climate change" and "global warming" are often used interchangeably, but are of distinct significance. Global warming is the long-term heating of the Earth's climate system, observed since the pre-industrial period as a result of human activities, mainly the combustion of fossil fuel, which raises the heat-trapping greenhouse gas levels in the Earth's air. The term is often used interchangeably with the term climate change, as the latter applies to warming, caused both humanly and naturally, and the impact it has on our planet. This is most generally calculated as the average increase in global surface temperature on Earth. In our research, we examine the relationship between the regulation of carbon emissions and the GDP / capita relationship between developed and developing countries. We assumed applying carbon abatement policies will reduce economic growth and GDP in developed countries, but it will rise economic growth and GDP in developing countries.