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Abstract

The aspect of climate change in the modern world is one of the broader issues of global social and economic policy. Climate change implies a modification of the business environment, especially the energy sector. Any change in the conditions in which the company operates is the cause, the effect of which becomes its financial situation during the relevant period. Therefore, climate policy will play an increasingly important role in shaping the energy of the future. At present, energy companies are taking measures to process primary energy from fossil fuels, in particular coal, in an efficient and environmentally friendly way. The article presents the impact of international climate agreements on the energy and coal industries. The latest agreement signed in Paris defines a global plan to minimize the dangerous effects of global warming on the climate arising from carbon emissions. The most important outcome of the agreement was the unification of many countries with a common goal. The European Union played a key role in signing the first legally binding agreement in the world, which is also a forerunner in the carbon trading system: EU ETS (European Union Emission Trading Scheme) The US-based CO2 emissions trading system has become a model for the European Commission. In addition, the article highlights the correlation between the EUA ( European Union Allowances) and “ARA coal” prices as well as the role of the coal market in price formation of emission allowances.
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