The article analyzes the current state of the energy sector of Ukraine, identifies key issues that need urgent consideration. Trends in greenhouse gas emissions in Ukraine are analyzed. The urgency of the carbon tax for Ukraine is higher than ever, as we have made a number of climate commitments (the Paris Agreement) to the EU. We strive to follow European values and significantly reduce GHG emissions by 2050. At the same time, Ukraine is focused on low-carbon development, which is reflected in the Low-Carbon Development Strategy until 2050 and the Energy Strategy until 2035. The rational use of carbon taxation can accumulate funds to modernize the energy sector and increase energy efficiency. Using an instrument such as the general equilibrium model for Ukraine, the economic impact of implementing various low-carbon policies to curb global warming at 1.5 and 2 ° C was assessed. The results show that the carbon tax plays an important role in increasing Ukraine's GDP in 2050 by 12-15% in 2050.