Think Globally, Act Globally: Opportunities to Mitigate Greenhouse Gas Emissions in Low- and Middle-Income Countries

Rachel Glennerster and Seema Jayachandran
Additional contact information
Rachel Glennerster: University of Chicago

Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies.

Abstract: Reductions in greenhouse gas emissions are a global public good, which makes it efficient to act globally when addressing this challenge. We lay out several reasons that high-income countries seeking to mitigate climate change might have greater impact if they invest their resources in opportunities in low- and middle-income countries. Specifically, some of the easiest and cheapest options have already been tapped in high-income countries, land and labor costs are lower in low- and middle-income countries, it is cheaper to build green than to retrofit green, and global targeting matters in integrated economies. We also discuss economic counterarguments such as the challenge of monitoring emissions levels in low and middle-income countries, ethical considerations, the importance of not double counting mitigation funding as development aid, and policy steps that might help to realize this opportunity.

Keywords: Climate change; mitigation; Paris Agreement; greenhouse gas emissions (search for similar items in EconPapers)
JEL-codes: F18 O13 Q54 Q56 (search for similar items in EconPapers)
Date: 2023-06
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://gceps.princeton.edu/wp-content/uploads/202 ... ter_Act_Globally.pdf

Related works:
Journal Article: Think Globally, Act Globally: Opportunities to Mitigate Greenhouse Gas Emissions in Low- and Middle-Income Countries (2023)
Working Paper: Think Globally, Act Globally: Opportunities to Mitigate Greenhouse Gas Emissions in Low- and Middle-Income Countries (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pri:cepsud:313

Access Statistics for this paper

More papers in Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies. Contact information at EDIRC.
Bibliographic data for series maintained by Bobray Bordelon ().