The OECD was asked to provide an up-to-date aggregate estimate of mobilised climate finance in relation to the commitment by developed countries to jointly mobilise USD 100 billion a year by 2020 for climate action in developing countries. We have done this work in collaboration with Climate Policy Initiative.
Public and private finance mobilised by developed countries for climate action in developing countries reached USD 62 billion in 2014, up from USD 52 billion in 2013 and making an average of USD 57 billion annually over the 2013-14 period, according to a new OECD study in collaboration with Climate Policy Initiative (CPI).
This OECD study, in collaboration with Climate Policy Initiative, provides an up-to-date estimate of public and private climate finance mobilised by developed countries towards their UNFCCC 2010 Cancun commitment, for climate action in developing countries. The study is available in English, in French and in Spanish.
The EAP Task Force will discuss contributions to the 2016 “Environment for Europe” Ministerial Conference, ongoing work on access to private finance for green investments in Ukraine, recent work on creating market incentives for greener products, and the work plan for 2016. It will also review activities carried out in framework of the EU Water Initiative, and the future work plan on strengthening water management policies in EECCA.
Addressing climate change requires urgent policy action to drive a global infrastructure and technological transformation. The latest report 'Aligning Policies for a Low-carbon Economy' presents the first diagnosis of the alignments of policy and regulatory frameworks with climate policy goals. Join the Green Growth Knowledge Platform (GGKP) for a webinar exploring these issues on 5 October 2015, 15:00-16:30 (Paris time).
Energy efficiency improvements over the last 25 years saved a cumulative USD 5.7 trillion in energy expenditures. This virtual supply of energy generates multiple benefits for governments, businesses and households, including greater energy security from reduced dependence on energy imports and billions of tonnes of greenhouse gas emissions reductions.
Strengthening our understanding of the energy efficiency market and the prospects over the medium term is becoming increasingly important. The 2015 Energy Efficiency Market Report (EEMR) evaluates the impact of energy efficiency in the energy system and assesses the scale and outlook for further energy efficiency investment using detailed country-by-country energy efficiency indicator data and IEA expertise.
This year’s report includes an in-depth look into the buildings energy efficiency market and the electricity sector. Energy efficiency investments in the buildings sector totalled between USD 90 billion in 2014. In the electricity sector, energy efficiency has proved critical in flattening electricity consumption in Organisation for Economic Co-operation and Development member countries, driving utilities to adapt their business models.
Promoting and expanding energy efficiency markets is a worldwide phenomenon, and EEMR 2015 presents a number of case studies at the national, state and municipal level. These include examinations of Latin America’s two largest economies, Brazil and Mexico, which are looking to efficiency to boost productivity and social development. Energy-exporting countries like Saudi Arabia and the Russian Federation are also increasingly turning to efficiency to increase exports and reduce the costs of growing domestic energy consumption. In addition to national governments, major urban areas such as Tokyo, Seoul and Paris are increasingly enabling energy efficiency investment.
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The rapid development of tourism and energy-intensive industry is exerting increasing pressures on the environmental assets upon which much of Iceland’s growth has been founded.
The OECD has launched a project on effects of public policy conditions on leveraging private financing for environmental and climate mitigation investments. An analysis on Effectiveness of Policies and Strategies to Increase the Capacity Utilisation of Intermittent Renewable Power Plants is now available.
As we approach COP21 it is becoming increasingly clear that more ambition is needed to get us on a 2 degree pathway. But it is not just about committing to emission reduction targets by 2030. Governments need to demonstrate how their policies will credibly put them on a pathway to even deeper reductions.
The current Volkswagen diesel emissions scandal highlights the difficult reality of making the transition to a low-carbon economy. It also highlights the growing need for governments to make smart policies, based on actual costs.