Low Carbon High Growth in Developing Economies

Though the skeptic position on the trade-off between environmental policy and economic growth has been largely debunked (see here) and (here) for a start, questions still persist. One strain of the latest version of this debate focuses on the cost to developing countries in terms of lower growth rate.
For those interested in this debate should read The World Bank's "Low Carbon High Growth - Latin American Responses to Climate Change".
A few extracts are worth stating:

Given its past record of low-carbon development, its wealth of natural resources, and its intermediate levels of income—when assessed on a global scale— many Latin American countries are well placed to take a leadership role in the developing world’s response to the climate change challenge. This is not only possible; it is also in Latin America’s best interest.

Beyond adaptation policies, there is a strong case for Latin America to be an active part of a broader effort to mitigate climate change by means of drastically reducing the world’s GHG emissions.

Caribbean nations, for instance, are likely to be hit on multiple fronts, including through more intense natural disasters and the dieback of marine ecosystems. As a result, those nations stand to suffer relatively more, with permanent economic losses reaching by some estimates several percentage points of their GDP.

Food for though ?