The chapter offers a 'Global South perspective' by shedding light on the specific circumstances pertaining to developing countries. It argues that countries in the Global South may face a specific set of challenges in their efforts to embrace a low-carbon future. Empirically, the chapter zooms into the trias of technology, finance, and trade, and suggests that there exist structural barriers and uncertainties that require the attention of scholars and policymakers. Theoretically, it offers three different conceptual lenses on the low-carbon transition and the Global South, drawing on realist International Political Economy (IPE), critical IPE, and dependeny theory. The chapter is part of a Springer research volume on The Geopolitics of the Energy Transition, edited by Manfred Hafner and Simone Tagliapietra, and is available as open source here: https://tinyurl.com/y736zb3g