One criticism of the energy transition is that efforts made by the rich world will be negated by the rise in wealth and consumption in the developing world. A new study puts figures on that expected increase in emissions. Eradicating all “extreme poverty” – by raising hundreds of millions above the US$1.90 per day threshold – would drive up global carbon emissions by less than 1%. Lifting 3.6 billion people over the poverty line of US$5.50 per … [Read more...]