Renewable energy (RE) can play a vital role in ensuring a sustainable energy platform for the future, and in addressing climate change. Investment in RE in the upper middle-income countries (UMICs), which are a major contributor to global carbon dioxide (CO2) emissions, can be an important...

Control of carbon dioxide emissions in developing countries is becoming a key issue in the international climate policy. A critical element for achieving substantial emission reduction in those countries is the installment of new energy technologies. Drawing on the framework of poverty-trap...