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Why low carbon development?

LOW CARBON DEVELOPMENT. Why low carbon development? Economic growth and development that is consistent with the transition to a carbon constrained global economy. It fits with: An international agreement leading to a global emissions gap

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Why low carbon development?

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  1. LOW CARBON DEVELOPMENT • Why low carbon development? • Economic growth and development that is consistent with the transition to a carbon constrained global economy. It fits with: • An international agreement leading to a global emissions gap • Supporting adaptation - since more developed countries are less vulnerable (and it could also promote adaptation more directly) • Greater energy security

  2. LOW CARBON DEVELOPMENT • Meeting the challenge • The challenge of supporting developing countries move to a low carbon growth path is difficult to meet. • No countries have yet made the transition • so no consensus on the building blocks • . . . but look at countries’ future growth paths • and we do know it will involve energy and forestry • We have a (short) window of opportunity

  3. LOW CARBON DEVELOPMENT • Elements of a response • We can start by acting on what we already know: • Energy – efficiency, demand; coherent financing • Forestry – develop capacity and pilot approaches • But there are also key areas where we need more evidence to develop effective policies, eg. • Low carbon opportunities – emissions trading; forestry; renewables markets • Handling key carbon critical decisions • Managing the transition away from fossil fuels • Technological innovation

  4. LOW CARBON DEVELOPMENT • DFID’s objectives • Where should DFID focus given our goal of reducing poverty? • Our value added - focus on poor people and poorer developing countries; influence with multilateral agencies; first mover advantage – people and the ETF • Potential objectives • understand better what’s needed (public and private) • help build political consensus • help build developing country capacity • work with international partners to facilitate low carbon transition • Tools at our disposal: research, policy and analysis, negotiating and influencing, capacity building, finance

  5. LOW CARBON DEVELOPMENT Three challenges Inter-temporal: how to balance effort in major MIC emitters to help make reductions now which will mean LICs suffer less in the future? Global versus local: how to balance effort on reducing global greenhouse gas emissions with achieving national poverty reduction benefits? Indirect versus direct: how to ensure support for low carbon power generation actually results in real benefits for the poor?

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