Developing countries may abandon the active financing of technologies associated with fossil fuels, which are generally associated with economic growth. This statement was made head of the non-profit Australian organisation ClimateWorks Australia Argiriou Meg (Meg Argyriou) in the column of publications of The Conversation.

According to estimates from the world resources Institute (WRI), six positions in the top ten countries that emit the greatest amount of CO2 is a developing country, including China. All together developing States is responsible for 60% of global carbon dioxide emissions.

Argyriou noted that the achievement of the goals of the Paris climate agreement is possible if the developing country will choose an alternative path to prosperity. “These countries can avoid many environmental, social and economic costs, which are hallmarks of dependence on fossil fuel,” – said the expert .

Help finding new technological solutions, offers international cooperation like The Deep Decarbonization Pathways Project (DDPP). Is a global Association of researchers who are looking for practical ways to reduce CO2 emissions without compromising economic growth.

According to WRI, 2000, 21 States have significantly reduced carbon emissions while continuing economic development. The sample included several countries of Eastern Europe, which have experienced rapid economic growth over the past two decades (Czech Republic, Hungary, Romania).

An annual study by PricewaterhouseCoopers “the index of the low-carbon economy – 2016” also showed that a number of the countries “Big twenty” (G20) reduced emissions of carbon dioxide into the atmosphere, while maintaining the growth of real GDP (value of final goods and services produced in a country per year). The list includes including developing States such as China, India, South Africa and Mexico.

“Clean” economic growth

Sustainable development implies economic growth with reduced environmental impact and high social development. In 2015, the UN has developed and adopted the sustainable development Goals (a set of General objectives aimed at a balanced distribution of wealth on the planet, with an emphasis on the protection of the environment), which the countries plan to achieve by 2030.

The sustainable development goals of the UN are interlinked. The analysis of these relations, as noted Argiriou, should help in the development of solutions to the climate issues. So, for example, work on the achievement of goal 7 (cheap and clean energy) automatically includes goal 13 (combating climate change) and involves the development of low-carbon technologies. This approach leads to the achievement of goal 3 (good health and well-being) through the improved quality of air and water. The health of the population and life expectancy, leads to goal 8 (decent work and economic growth).

As explained Argiriou, “decarbonizing” is not the priority of the developing countries, as their agenda is tied to other key issues – stimulating economic growth and combating poverty. Such States often lack the resources, there are gaps in technical and financial expertise and poor management.

“In the interest of the whole world to assist developing countries in addressing these problems. Creating long-term strategies for reducing CO2 emissions, taking into account peculiarities of each country plays an important role in maintaining economic growth while reducing greenhouse gases. These issues should be a key factor in the disclosure of financial flows necessary for the transition to a just, equal and sustainable future,” said Argyriou.

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