Abstract
Worldwide, 154 countries and one region have pledged to achieve carbon neutrality by specific deadlines such as 2050. Together, these countries account for 79% of global CO2 emissions and 90% of the world's GDP. In the financial sector, international ESG investments reached $35.3 trillion in 2020 and are on the rise. This work presents various policies and approaches implemented by the European Union (EU), the United Kingdom, Germany, and France to achieve decarbonization and transition to a more environmentally friendly economy.