Developing countries —even if not located at the at the center of the crisis— will feel the impact of the financial crisis’ “second wave.” ++ As remittances decline and demand for exports falls, poor households will find it increasingly difficult to save the money necessary to provide for education and good food quality. ++ In the face of human suffering we should
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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
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