Will Low Carbon Growth Plans Help or Hurt Low Carbon Growth?
This note undertakes a preliminary exploration of Low Carbon Growth Plans (LCGPs) in order to inform discussions on the appropriate role, if any, of this device in the global climate regime. What is the rationale for LCGPs? What exactly constitutes a LCGP and what are the implications with regard to monitoring, reporting and verification for a country undertaking a LCGP? To what extent and how does the embedding of plans in a global climate regime change domestic incentives for low carbon growth and with what effects? What further work needs to be done to better understand this device of LCGPs?