1. Climate and development: What opportunities, what threats?
- Author
-
Prizzon, Annalisa, Wiggins, Steve, Abdenur, Adriana E., Daggash, Habiba Ahut, Dubash, Navroz K., Kimani, Jack, and Lopes, Carlos
- Subjects
- *
SMALL states , *CLIMATE change adaptation , *SUSTAINABILITY , *ENVIRONMENTAL policy , *CLIMATE change mitigation , *FOSSIL fuel industries - Abstract
This article explores the opportunities and challenges that climate change presents for development and poverty alleviation. It emphasizes the importance of fairness and justice in addressing climate change, as low-income countries are likely to be disproportionately affected. The article discusses practical challenges such as limited budgets and the need for global cooperation. It also highlights the limitations of market-based solutions and the need for a just transition. The text calls for greater representation of developing countries in global governance and a focus on economic development and human welfare in climate action. It argues for a new paradigm of climate justice that prioritizes developmental impact and wealth creation. The article emphasizes the need for deep emission reductions in high-income countries, support for resilience and compensation for harms, and ensuring that the costs of transitioning to low-carbon futures are not borne by the world's poor. It discusses the opportunities for development in low-carbon technologies and climate-resilient approaches, but acknowledges the challenges in realizing these opportunities. The text calls for a global compact that includes both developed and developing countries taking action on climate change, with support for financing and adaptation. It highlights the potential role of African countries in the climate solution and calls for fair financing mechanisms and market access for Africa. The article discusses the need for a paradigm shift in climate finance away from concessional lending and official development assistance, and the limitations of relying solely on financial pledges. It concludes by emphasizing the need for effective and urgent action to combat climate change, including regulatory changes and a shift in investor perception. The article highlights [Extracted from the article]
- Published
- 2024
- Full Text
- View/download PDF