Climate change and Emerging Markets after Covid-19

COHEN F, IVES M, Srivastav S, Schwarz M, Lu Y, MEALY P, DE SOUZA P, Jackson L, HEPBURN C

This report focuses on the role emerging market countries will likely play in the lead up to the climate conference (COP26) in 2021. Our analysis is relevant to two key questions they face:
— Should emerging market economies more actively push for climate action?
— If so, how should they seek to accelerate the low-carbon transition?

The report provides an up-to-date analysis of the significant threats to and opportunities for emerging market economies from climate action and from climate impacts, along with an analysis of the growing opportunities for investors to participate effectively in the low-carbon transition in emerging markets. We find that there are ever more ways in which climate action in emerging markets can enhance prosperity in almost all key sectors in these economies.

Keywords:

climate change

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Economic damages

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Emerging markets