with Felicity Hannon, David Winter and Beatrice Tanjangco
October 18, 2022
Climate-related disasters continue to break records and disproportionately impact developing economies. Looking ahead to COP 27 in November, the issues of justice and fairness in the climate transition will be key discussion points. In light of this, Oxford Economics’ Global Climate Service explores a new scenario, Sustainable Development, in which advanced economies and large emitters (e.g., China) take the lead in climate mitigation. The remaining countries wind down their emissions more gradually, while still benefiting from technological spill overs that ensure widespread improvements in energy access, mix, and electrification. These pathways provide developing economies with the leeway to pursue their development agenda without compromising growth or the global transition.