Low and middle income countries are responsible for more than two thirds of global greenhouse gas (GHG) emissions. Although climate stabilization is now impossible without effective climate mitigation policies in developing countries, they are in conflict with developing countries’ legitimate...

Economists have had much to say about the impact of economic policies on growth, but little on their distributional consequences and poverty impact. The reorientation of development policy from structural adjustment to poverty reduction as the central objective thus called for new tools to...