Renewable energy development can enable climate-compatible growth in low- and middle-income countries, particularly given the substantial opportunities for energy export to high-income countries seeking to decarbonise their energy systems. However, this also comes with significant risks,...

It is striking how often countries with oil or other natural resource wealth have failed to grow more rapidly than those without. This is the phenomenon known as the Natural Resource Curse. The principle has been borne out in some econometric tests of the determinants of economic performance...