The OECD undertook a major project on the economic growth and investment implications of the transition to a low-carbon, climate resilient economy in the context of the German G20 Presidency.
Bringing together the growth, development and climate agendas
Delivering on the Paris objectives will require fundamental shifts in our economies, including major changes in how capital is allocated.
The Growth, Investment and the Low-Carbon Transition project analyses how low-emission and climate-resilient development can be achieved without compromising economic growth, competitiveness, or well-being across the G20 group of countries and beyond.
Invigorating economic growth in the short-term does not necessarily equate with investing in emissions-intensive infrastructure and locking-in a high-carbon pathway. Escaping the low-growth trap that many countries currently find themselves in does not mean embracing a high-carbon future complete with future economic liabilities in terms of stranded assets and physical damages due to climate change impacts.
The project looks at a number of key questions surrounding the low-carbon transition:
An inclusive process relevant to all G20 countries
The project is being undertaken as part of the OECD’s Programme of Work and Budget with the support of the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety, and in the context of the German G20 Presidency. It is guided by an Advisory Council of 14 high-profile academic, government, business and civil society members. The work also benefits from the input of a number of partner institutions from G20 countries, covering the range of issues being addressed.
The OECD work and the OECD report "Investing in Climate, Investing in Growth" have been recognised and welcomed in the G20 Leaders' Declaration, which is a strong endorsement of the message that climate and growth policies must go hand-in-hand.
July - OECD at the G20 Hamburg Summit
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.
The programme and some of the questions debated at the event:
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.
A number of expert workshops have taken place to feed into the project: