Environment Directorate

Investing in Climate, Investing in Growth

Published on May 23, 2017


This report provides an assessment of how governments can generate inclusive economic growth in the short term, while making progress towards climate goals to secure sustainable long-term growth. It describes the development pathways required to meet the Paris Agreement objectives and underlines the value of well-aligned policy packages in mobilising investment and social support for the transition while enhancing growth. The report also sets out the structural, financial and political changes needed to enable the transition.


Foreword and acknowledgements
Executive summary
A decisive transition for growth and climate
Pathways from Paris
Infrastructure for climate and growth
Growth implications of climate action
Policies for scaling up low-emission and resilient investment
Towards an inclusive transition
Mobilising financing for the transition
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OECD project on growth, investment and the low-carbon transition

7-8 July - G20 Hamburg Summit

The OECD work and the OECD report "Investing in Climate, Investing in Growth" have been recognised and welcomed in the G20 Leaders’ Declaration.

G20 Germany 2017 Hamburg Angel Gurria Angela Merkel

G20 Summit Declaration of the Heads of State and Government

G20 Summit - Agreed document


23 May - OECD International conference - Berlin

The OECD Secretary-General Angel Gurría presented the results of the major OECD report "Investing in Climate, Investing in Growth" which provides a ground-breaking analysis of how low-emission and climate-resilient development can be achieved without compromising economic growth, competitiveness or well-being at an OECD-hosted international conference, in collaboration with the German Ministry of Environment, Nature Conservation, Building and Nuclear Safety and in conjunction with the Petersberg Climate Dialogue.

Angel Gurria Petersberg Climate Dialogue 2017

The programme and some of the questions debated at the event:

  • How can governments ensure that climate-friendly growth policies provide a major boost to short-term growth while increasing longer-term resilience?
  • What development pathways will get us to the Paris Agreement outcomes?
  • How do investment flows need to change to get us there? What are the growth and structural implications of going low carbon?
  • How can governments create the conditions to drive a prosperous transition?

The conference took place in the context of the German G20 presidency and attended by decision-makers from a large number of countries, business representatives as well as high-level actors of international co-operation.


The OECD report "Investing in Climate, Investing in Growth" shows that integrating measures to tackle climate change into regular economic policy will have a positive impact on economic growth over the medium and long term.

A climate-friendly policy package can increase long-run output by up to 2.8% on average across the G20 by 2050 and if avoided climate damage are also taken into account, this rises to nearly 5%.

Watch OECD Environment Director Simon Upton presenting key findings from the report during a Green Talks LIVE webinar held on 22 June 2017.

Synthesis and executive summary

Download the Synthesis and the Executive Summary


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