Keys to Climate Action

To set a more robust global path to net-zero emissions by 2050, the world needs to pay greater attention to the needs of emerging markets and developing economies (EMDEs), even when holding aside the special case of China. Over the coming several decades, no part of the world will play a greater role in both experiencing and affecting global climate change outcomes than EMDEs themselves. They need greater international support to tackle growth-enhancing sustainable development strategies.

In Keys to Climate Action, twenty-five authors describe new economic narratives and global actions that can help catalyze progress toward inclusive, sustainable, and resilient growth in EMDEs. The volume begins with the stark reality of climate change’s devastating consequences already hindering economic development around the world. It underscores the need for urgent investments in adaptation, resilience, and nature to avoid development setbacks while paying heed to the world’s narrow window for climate action. It requires empathy for many developing countries’ profound energy conundrum: a tension between the need to expand access for people who need it most while facing pressures to pursue low-carbon opportunities, often in the face of local political and financing headwinds. It implies practical urgency in tackling the broken threads of the international financing system for climate and development.

The volume brings together a cross-section of distinguished academics and leading policy voices from a variety of developing country geographies and contexts. It presents perspectives on country-specific climate and development challenges and opportunities, followed by broader case studies focused on regional issues and the Vulnerable Twenty Group. The final chapter focuses on systemic issues in financing development and climate-driven prosperity.

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Chapters and Contributors

1. Overview: Keys to Climate Action
   Amar Bhattacharya, Homi Kharas, and John W McArthur
2. A just and green transition in Bangladesh
   Saleemul Huq and Mizan Khan
3. Climate action in Egypt: Challenges and opportunities
   Hala Abou-Ali, Amira Elayouty, and Mahmoud Mohieldin
4. Managing climate change: A strategy for India
   Montek Singh Ahluwalia and Utkarsh Patel
5. Ensuring inclusive, affordable, and smooth climate transition in Indonesia
   Muhamad Chatib Basri and Teuku Riefky
6. Delivering Nigeria’s green transition
   Belinda Archibong and Philip Osafo-Kwaako
7. South Africa’s ‘just transition’: A whole economy transformation
   Richard Calland
8. Challenges and opportunities of climate change: The case of East Africa
   Njuguna Ndung’u and Théophile Azomahou
9. Delivering Africa’s great green transformation
   Vera Songwe and Jean-Paul Adam
10. Tackling climate change from an investment-led development perspective in Latin America and the Caribbean
    Daniel Titelman, Michael Hanni, Noel Pérez Benítez, and Jean-Baptiste Carpentier
11. Climate action in the most vulnerable countries
    Sara Jane Ahmed
12. Financing climate change mitigation and adaptation in developing countries
    Montek Singh Ahluwalia and Utkarsh Patel