A Low-Carbon Economy (LCE) or Low-Fossil-Fuel Economy (LFFE) is an economy which has a minimal output of greenhouse gas (GHG) emissions into the environment biosphere, but specifically refers to the greenhouse gas carbon dioxide. Recently, some scientific and public opinion has concluded that anthropogenic (human activity) caused GHG emissions are either causing climate change or making climate change worse. Those who have drawn this conclusion are concerned there will be negative impacts on humanity in the foreseeable future because of climate change. Globally implemented LCE's therefore are proposed, by those who have drawn this conclusion, as a means to avoid catastrophic climate change, and as a precursor to the more advanced, zero-carbon society and renewable-energy economy.
Encouraging developing countries to invest in low carbon growth has had limited success so far. One reason for this is that developing countries are concerned how investments into a more resource efficient economy might impact on their prospects for growth. Even though there is a growing base of evidence outlining the co-benefits of a low-carbon transition, there is a large gap in the data and indicators required for robust assessments of the relationship between low carbon development, climate resilience and overall economic growth in developing countries.
The UK Department for International Development (DFID) commissioned AEA (energy & climate change consultants) to develop a set of factsheets synthesising the latest work and evidence from the major economic research institutions, multilateral institutions/ organisations, and leading thinkers and consultancies working on low carbon development.
Themes were reviewed under the headline of low carbon development that include: agriculture and fisheries, climate resilience, energy systems, biodiversity, fossil fuel subsidies, domestic finance, manufacturing and industry, new economics, natural resource scarcity, new jobs, poverty reduction, transport, urbanisation and cities, and water.
Read the 9 Low Carbon Development Factsheets from AEA here