Economics of reducing CO2 emissions from China

Relative to the nations of the industrialized world, developing countries emit far lower levels of CO2 per capita. In coming years, however, as the developing world experiences more rapid rates of economic and population growth, their carbon emissions per capita inevitably will rise. Therefore, developing countries should be encouraged both to adopt more advanced energy technologies in order to improve the efficiency of energy exploration, transportation, generation and end-use and to replace carbon-intensive fuels sources with less carbon-intensive sources (non-fossil fuels and renewable energy). By incorporating methods aimed at curtailing carbon emissions into their energy development strategies, developing nations can reduce the risks posed by higher CO2 emissions. However, adopting more advanced energy technologies generally entails high costs. These higher prices serve as a particularly large obstacle for developing nations. In order to serve the common interest of protecting the global environment, international funds should be devoted to cover the high costs of reducing developing world CO2 emissions