|Energy after Rio - Prospects and Challenges - Executive Summary (UNDP, 1997, 38 p.)|
|2. Energy and Major Global Issues|
|2.3 Energy and the Economy|
energy sector emissions contribute the majority of global greenhouse gases
Expenditure on increasing energy supply represents a major economic cost to all countries. In the developing world, the financial and opportunity cost of capital, foreign exchange constraints, and the cost of energy subsidies combine to create severe economic constraints to supply-driven models for expanding energy.