The Post-Pandemic Development of the Green Circular Economy and the Declarations Made During the UN Climate Change Conference (COP26) as Security Determinants
Purpose: The aim of this article is to describe the important security determinants of post-pandemic development of the green circular economy in the context of the latest report of the Intergovernmental Panel on Climate Change (IPCC) I IPCC Working Group, "Climate Change 2021: the Physical Science Basis" and declarations made during the UN Climate Change Conference (COP26) in Glasgow in early November 2021. Approach/Methodology/Design: The main research methodology was based on the analysis of the results of scientific research and a synthetic description of the key conclusions drawn from the review of the literature describing various aspects of the analyzed issues concerning the determinants of the climate change process, the issue of green economy development, the implementation of the principles of sustainable economic development, reduction of greenhouse gas emissions and how they impact security aspects etc. Research methods used in the study included critical literature review, comparative analysis, and analysis of available data. Findings: The analysis of scientific data shows that the process of climate change has entered a strong upward trend and perhaps humanity has little effect on reversing this process in this century. The transformation of the environment into the economy should include, first of all, the energy sector through the development of renewable energy sources, the development of electromobility, ecological agriculture, improvement of waste segregation techniques, recycling, etc. A key issue in this process is the pursuit of sustainability. The factual implementation of the aforementioned shall enable to address the security threats that are largely intensified by climate change and lack of efficient level of sustainable development. The aforementioned shall be helpful in providing the necessary level of security and address the threats. Practical Implications: In order to slow down the progressing global warming process, and tame global security threats related to climate change it absolutely is necessary to reduce all or most of greenhouse gas emissions in the shortest possible time, reform the energy sector with the respect to energy security, implement eco-innovations and carry out other pro-environmental reforms as well as to increase the scale of achieving sustainable development goals implemented in accordance with the principles of a sustainable, green circular economy. The global socio-economic crisis caused by the development of the SARS-CoV-2 (Covid-19) coronavirus pandemic should significantly change the pro-ecological awareness of people and the need to implement sustainable development in economic processes and everyday functioning of people. The need to continue the policy of reducing greenhouse gas emissions was discussed during the UN Climate Conference COP26 in early November 2021. Originality/Value: For the purposes of this article, a multifaceted, synthetic and critical analysis of data available in the source literature was carried out. The proposed solutions are to contribute to a significant reduction in greenhouse gas emissions and slow down the process of global warming, and to reduce the scale of the drastic effects of climate change over the next several decades. This shall also lead to decrease of conflicts that otherwise would resource from global instabilities caused by climate change consequences.