Publication

This background note assesses the options available to developing countries in a 'carbon constrained' world. The term 'carbon constrained' refers both to binding emissions targets set at the multilateral level and to the constraints imposed by the high price of oil, which are particularly severe for developing countries. The paper discusses the emissions reductions mechanisms included within the Kyoto Protocol and the ways in which they can contribute to 'green growth' – economic growth with reduced or neutral greenhouse gas (GHG) emissions.