Climate change and sustainable development

Abstract

Th is paper argues that in the future the primary focus of policy research and global agreements should be the de-carbonization of economic development. Consequently, instead of treating climate stabilization and economic development as separate and equal, the strategy should be to re-integrate the two global policy goals, in part by separating responsibility (and funding) from action. Th is will require an approach that goes beyond Kyoto. Th e paper invokes the example of the Manhattan Project to argue for a massive, globally funded public investment program for the deployment of renewable energy technologies in developing countries. JEL Classifi cation: Q51, Q54, Q56, F59, H23, H87