Diversification and cooperation in a de-carbonizing world: Climate strategies for fossil-fuel dependent countries

Countries’ attempts to tackle climate change will depend on their circumstances and coal-fired_power_plant_lundrim_aliu_world_bankcapabilities.  Among the most challenging, will be how fossil fuel–dependent countries (FFDCs) do so, given their economies are the most dependent on fossil-fuel income and carbon-intensive industries. These countries represent almost one-third of the world’s population. They are themselves responsible for roughly 20 percent of global greenhouse gas (GHG) emissions but are home to over 80 percent of emissions embodied in known fossil fuel reserves. Many also have foundational systems built on the back of (expected) fossil fuels and related value chains and are, therefore, at risk as the global low-carbon transition gets fully underway.

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