Can the Global South Afford a Green Future?

The race towards a greener future is on.

Countries are setting net-zero targets, climate finance is directing billions into renewable energy, and international climate agreements are putting pressure on countries to reduce their carbon footprints.

The central question that remains unanswered is whether developing countries can afford the costs of a just transition.

No country became rich without reliable and affordable energy.

Europe, North America and several Middle Eastern nations built their economies on coal, oil and natural gas.

Those resources fuelled industries, expanded transport networks, created jobs and transformed economies.

Now developing countries are encouraged to go a different route.