Since the recent global financial crises, the phrase ‘green economy’ has appeared liberally in newspaper headlines, and politicians’ and CEOs’ promises. They usually mean ‘low-carbon economy’, the idea of shifting energy and infrastructure towards clean, high-tech systems. Green economy is seen as an answer to financial problems – G20 stimulus packages included ‘green’ components, hoping to improve national competitiveness and create new jobs through green technology, and wean economies off insecure and expensive fossil fuels. And it is seen as a practical way to supplement climate change conventions – you don’t need an international agreement to change economic practices that cause climate change. All very good news for Danish wind farm installers, Japanese hybrid car manufacturers, and Chinese solar panel factories. But what does the green economy mean for the developing world?