Then the carbon-burning Base of development will be understood as a temporary stage of development like the demographic transition.
I honestly would believe that more if companies made long term investments and bought out infrastructure in EMs and converted it to be more clean[0], rather than rely on some kind of indirect status signaling:
"The proposals will include a shortlist of existing coal-fired power plants across Asia to buy and retire well before the end of their life cycles and replace them with clean energy.
"We have not settled on a precise size [financially], but would expect the pilot to acquire several coal-fired power plants at a minimum," ADB Vice President Ahmed Saeed told Nikkei Asia.
HSBC is also part of the initiative which involves scouring the Philippines, Vietnam and Indonesia for coal-fired power plants to close a decade or more early.
The initiative was first reported by Reuters this month. BlackRock and Citi are also working on the scheme, according to the report. The companies did not respond to requests for comment."
Still in the word soup/lip service stage.
[0] https://asia.nikkei.com/Spotlight/Environment/Climate-Change...