The Coming Carbon Tsunami: Developing Countries Need a New Growth Model-Before It's Too Late.

ECONOMIC development; INTERNATIONAL relations; DEVELOPED countries; DEVELOPING countries; GREENHOUSE gases; EMERGING markets; FOREIGN investments; GOVERNMENT accountability

The article explains the role of developed countries in the transition of developing countries to a low-carbon development model. It emphasizes the necessity for industrialized countries to provide financing and policy support to developing nations. The consequences of the expected expansion of the greenhouse gas emissions of emerging economies are described. Also cited is the need for the U.S. and China to disclose their investments in overseas markets for climate impact accountability.