The perceived potential of clean energy to support employment in the post-crisis recovery context has led several OECD and emerging economies to design green industrial policies aimed at protecting domestic manufacturers, notably through local-content requirements (LCRs). These typically require solar or wind developers to source a specific share of jobs, components or costs locally. Such requirements have been designed or implemented in the solar- and wind-energy sectors in at least 21 countries, including 16 OECD countries and emerging economies, mostly since 2009.
Empirical evidence gathered in this report shows however that LCRs have actually hindered international investment across the solar PV and wind-energy value chains, by increasing the cost of inputs for downstream activities. This report also takes stock of other measures that can restrict international investment in solar PV and wind energy, such as trade remedies and technical barriers. This report provides policy makers with evidence-based analysis to guide their decisions in designing clean-energy support policies.
Today, more than 22% of global emissions are covered by a carbon price. Almost 40 countries and over 20 cities, states and provinces use carbon pricing mechanisms or are planning to implement them. The OECD recommends that countries make carbon pricing the cornerstone of climate policy. Price signals sent to consumers, producers and investors alike need to be consistent and facilitate the gradual phase-out of fossil fuel emissions.
We could spend World Environment Day warning of the doom and gloom of future Earth, but considering how much we have done that already, that’s not going to get us very far as we approach this year’s COP21 in Paris. Instead, we are going to give you a taste on what we do here at the OECD headquarters to help save the environment, taking our own medicine on what we prescribe to governments.
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This report offers a new approach to facilitate the implementation and improve the effectiveness of climate action, with the first broad diagnosis of misalignments between overall policy and regulatory frameworks and climate goals. It identifies a number of opportunities for realigning policies to enable an efficient and cost-effective shift to a low-carbon economy.
"We absolutely should and must demand a strong deal in Paris". Read the full blog by Chris Barrett, Executive Director, Finance and Economics, European Climate Foundation, and former Australian Ambassador to the OECD.
To mark the opening of the International Transport Forum’s Annual Summit, today’s post addresses three broad issues of the complex and multidimensional triangular relationship between transport, trade and tourism.
The Annual Summit of the International Transport Forum is the unique platform for a global conversation on strategies for transport in the 21st century. It took place in Leipzig, Germany from 27-29 May 2015, under the Presidency of New Zealand under the theme "Transport, Trade and Tourism".
OECD can work its hardest to raise awareness on the truths of climate change, but the world won’t see developments in green technology and infrastructure unless we have eager investors backing up investment and research and development in low-carbon technologies.
The OECD hosted a workshop on green investment banks on 20 May 2015. It built upon discussions of green banks at the OECD Green Investment Financing Fora (May 2015 and June 2014) and continued international dialogue on the experiences of green banks. The workshop welcomed 9 different green banks, public financial institutions, NGOs, the private sector and over 20 countries interested in the green bank model.
In 2011, TIME Magazine named collaborative consumption (or the sharing economy as it is often called) as one of the top 10 ideas that will change the world. Four years on, this prediction seems to be holding true. The number of companies operating in the sharing economy is rising rapidly in the transport sector alone.