“Green transition enables sustainable growth”
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Developing economies face a fundamental tension: they need rapid economic growth to lift populations out of poverty, yet the traditional fossil fuel-based path to industrialization now conflicts with climate imperatives. The question is whether renewable energy and modern technologies can deliver growth fast enough to compete with carbon-intensive development, or whether the transition requires accepting slower near-term growth. This matters urgently because developing nations account for an increasing share of global emissions and economic dynamism, and their choices will determine both climate outcomes and whether billions can achieve prosperity.