If we (developed nations) could all lower our per capita carbon footprints to the levels of China, or even better India, we'd all be doing much better wouldn't we?
China's carbon per PPP-GDP is about twice as bad as most developed countries, so you're either proposing making everyone poor, or making everyone's economy more carbon inefficient. Either way the answer is "no."
https://data.worldbank.org/indicator/EN.ATM.CO2E.PP.GD?most_...