Climate change involves fundamental international asymmetries in terms of its sources and impacts. The World Development Report 2010 presents an optimistic picture of the possibilities for tackling global warming, its optimism rather at odds with the gloomy prospects that may well be in store for the world, and which the Report itself documents with a wealth of findings and projections from climatology and social-scientific studies. Its central message is the need for "climate-smart policies" i.e. those that enhance development, reduce vulnerability, and finance transition to low-carbon growth paths. While it may be readily conceded that climate- smart choices can enhance development, there is no warrant for the claim that growth per se, particularly when it is inequitable, is not part of the problem.
Keywords: Sustainable development, Global warming, Environment and development, Environmental equity
Jel Code: Q010, Q540, Q560, Q580