We explore a new class of braneworld models in which the scalar curvature of
the (induced) brane metric contributes to the brane action. The scalar
curvature term arises generically on account of one-loop effects induced by
matter fields residing on the brane. Spatially flat braneworld models can enter
into a regime of accelerated expansion at late times. This is true even if the
brane tension and the bulk cosmological constant are tuned to satisfy the
Randall--Sundrum constraint on the brane. Braneworld models admit a wider range
of possibilities for dark energy than standard LCDM. In these models the
luminosity distance can be both smaller and larger than the luminosity distance
in LCDM. Whereas models with dL≤dL(LCDM) imply w=p/ρ≥−1 and have frequently been discussed in the literature, models with dL>dL(LCDM) have traditionally been ignored, perhaps because within the
general-relativistic framework, the luminosity distance has this property {\em
only if} the equation of state of matter is strongly negative (w<−1).
Matter with w<−1 is beset with a host of undesirable properties, which
makes this model of dark energy unattractive within the conventional framework.
Braneworld models, on the other hand, have the capacity to endow dark energy
with exciting new possibilities without suffering from the problems faced by
models with w<−1. For a subclass of parameter values, braneworld dark
energy and the acceleration of the universe are {\em transient} phenomena. In
these models, the universe, after the current period of acceleration, re-enters
the matter dominated regime so that the deceleration parameter q(t)→0.5
when t≫t0, where t0 is the present epoch. Such models could help
reconcile an accelerating universe with the requirements of string/M-theory.Comment: 17 pages, latex, 8 figures. Minor changes to match version published
in JCA