Energy Policy in the Emerging Economies: Climate Change Mitigation under the Constraints of Path Dependence

Energy has always been essential to economics and politics. While global energy consumption increases, fossil fuels are depleting. The countries that will be hit hardest by declining energy resources are the emerging economies of the Global South, where the relevance of the industrial sector is only slightly declining (or, indeed, still on the rise) and where governments have subsidised energy consumption for decades. Climate change – a direct outcome of the increasing consumption of fossil...