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Self-interested Low-carbon Growth in G-20 Emerging Markets

Author

Listed:
  • Cameron Hepburn
  • John Ward

    (Cameron Hepburn and John Ward, Vivid Economics, London, UK. Prepared for the Emerging Markets Forum. E-mails: cameron.hepburn@vivideconomics.com, johnward@vivideconomics.com)

Abstract

This article suggests that some or all G-20 Emerging Markets (GEMs = Argentina, Brazil, China, India, Indonesia, Korea, Mexico, South Africa, and Turkey) could seize the climate policy agenda and open up these broader opportunities with a coordinated, self-interested announcement to exploit the fear of “losing the low-carbon race†in the West. Such a strategy would likely thwart resistance within Annex 1 countries to action on climate change which would be to the benefit of GEMs. Irrespective of Annex 1 action, however, without early action by the GEMs, they themselves risk bearing the impacts of dangerous climate change.

Suggested Citation

  • Cameron Hepburn & John Ward, 2011. "Self-interested Low-carbon Growth in G-20 Emerging Markets," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 3(2), pages 195-222, May.
    • Handle: RePEc:sae:emeeco:v:3:y:2011:i:2:p:195-222
    DOI: 10.1177/097491011100300203
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    References listed on IDEAS

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    1. World Bank, 2010. "World Development Report 2010," World Bank Publications - Books, The World Bank Group, number 4387.
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    Cited by:

    1. Alexander Pfeiffer & Cameron Hepburn, 2016. "Facing the Challenge of Climate Change," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 8(2), pages 201-215, May.

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