The Dilemma of Fossil Fuel-Based Development for the Global Poor
A critical global challenge is whether the historical path to prosperity, which was heavily reliant on fossil fuels, remains a viable option for the 85% of the world's population who live below the poverty standards of high-income countries. While the carbon-intensive economic model has enabled unprecedented growth in living standards for some nations, its severe climate consequences raise questions about whether this same development model can be pursued by the majority of the global population seeking to escape poverty.
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.2 Technology and incentives - The Economy 2.0 Microeconomics @ CORE Econ
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The Dilemma of Fossil Fuel-Based Development for the Global Poor
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An economic analyst reviews global data from the past 200 years and concludes: 'The primary engine that lifted vast populations out of extreme material deprivation was, unfortunately, the same one that dramatically increased the concentration of greenhouse gases in the atmosphere.' Which of the following historical observations provides the strongest support for this conclusion?
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Figure 1.3: Share of the World Population in Extreme Poverty (1820–2018)
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