The financial crisis has hit poor, developing countries to a greater extent than anticipated. An additional 50 million people have slid into poverty there. Developing countries are set to lose 750 billion dollars in income by the end of 2009, as a result of the international financial upheaval. For developing countries, the financial crisis has brought about a crisis in confidence in the wisdom
... More
If the international community acts carefully, the economy and the climate can be healed in tandem. ++ Incentives to cut greenhouse emissions could “kick-start private investment and refuel the economy.” ++ To coordinate developing and developed nations, caps for specific sectors should be set. ++ CO2 capture and storage (CCS) should be promoted as a means for developing countries
... More
