Climate change

OECD participation in the UN Climate Summit

 

   

    UN Climate Summit 2014- Logo      

 

The UN Climate Summit took place on 23 September 2014 at the United Nations Headquarters in New York.

The OECD's Secretary-General, Angel Gurría, chaired the session on "The Economic Case for Climate Action," where global leaders and world renowned experts, from China, India, Mexico and the United States, discussed The New Climate Economy Report: Better Growth, Better Climate, by the Global Commission on the Economy and Climate.

 

 

           

 

VIDEO- Simon Upton, OECD Environment Director, answers three key questions on climate change ahead of the UN Summit.


VIDEO- Financing Action on Climate Change 

The OECD also actively participated throughout Climate week NYC through an OECD side event and by contributing to a number of workshops, seminars and other events.

OECD work on climate focuses on:     

  • Policy frameworks at the national level to facilitate and mobilise investment in low-carbon, climate-resilient infrastructure. Building on the report “Towards a Green Investment Policy Framework: The Case of Low-Carbon, Climate-Resilient Infrastructure” (2012), the OECD has undertaken case studies to apply the framework to specific sectors (e.g. sustainable transport) and countries.   A forthcoming case study (2014) developed with CDC Climat – a subsidiary of the French Caisse des Dépôts – will consider the role of public financial institutions in scaling up private investment in low-carbon infrastructure. Lessons from these case studies will be gathered and assessed in a forthcoming book on green investment policy frameworks (2015).  Related work has examined in greater depth ways in which developing and emerging economies can identify and overcome barriers to private investment in clean energy infrastructure.  The "Policy guidance for investment in clean energy infrastructure" (2013) raises issues in the areas of investment policy, investment promotion and facilitation, competition, financial market and public governance policies. The OECD is now going to apply this tool in specific country contexts, through undertaking Clean Energy Investment Policy Reviews in selected countries.

  • Work by the Climate Change Expert Group (CCXG) on the design and structure of the 2015 Agreement, including inter-linkages between mitigation, adaptation, finance, technology, capacity building and transparency. Recent CCXG work has also focused on the role of the 2015 Agreement in mobilising climate finance, emissions accounting including post-2020 land sector accounting, measurement, reporting and verification (MRV) of information on actions and support, and developing guidance for national emissions baselines.

  • Mapping channels for institutional investors (e.g. pension funds, insurance companies, investment companies, public pension reserve funds) to invest in sustainable energy infrastructure.  An upcoming publication to be published in November 2014: "Institutional Investors and Sustainable Energy Infrastructure: Mapping Channels and Approaches to Mobilise Capital" analyses 40+ recent investments by pension funds, and maps the channels (instruments and funds) through which clean energy infrastructure can be financed and the interventions (tools to mitigate risks and techniques to lower transactions costs) that can enable or facilitate these investments. It also provides recommendations for governments to address key barriers and facilitate greater investment by institutional investors.

  • A Research Collaborative on Tracking Private Climate Finance: a network of interested governments, relevant research organisations and international finance institutions towards improving the tracking of private climate finance and the estimation of its mobilisation by public interventions. By the end of 2014, a synthesis report of learnings to date will be produced. Preliminary pilot measurements and ground-testing of methods to track private climate finance and estimate its mobilisation are foreseen for 2015.                

       

  • Work by the Development Assistance Committee (DAC) on (a) improving the measurement and monitoring of external development finance, including climate-related development finance flows, through the OECD DAC Creditor Reporting System and the “Rio markers” (for further information see the Rio Markers homepage); (b) the links between development and climate change policy issues, with a focus on adaptation and effective development co-operation (for further information, see recent work of the DAC-EPOC Task Team on Climate Change and Development Co-operation and the Partnership for Climate Finance and Development).                                                                                                                                                    

Don't miss:

  • Climate and carbon: Aligning prices and policies - This report brings together lessons from analysis on carbon pricing and climate policies.

  • OECD DAC Rio markers on external development finance for climate change - Since 1998 the OECD’s Development Assistance Committee (DAC) has measured and monitored external development finance targeting the objectives of the Rio Conventions through its "Creditor Reporting System" using the so-called "Rio markers". The latest comprehensive figures show that total bilateral climate change-related aid by DAC members increased at a steady pace over the past six years, and reached USD 21.5 billion on average per year in 2010-12, representing 16% of total Official Development Assistance. Visit the Rio Markers homepage for further information.

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Financing climate change action

Brochure cover-thumbnail-versionCities and climate change

brochure cover- thumbnail versionLong-term investors and green infrastructure

brochure cover thumbnail version‌‌Investment in clean energy infrastructure

 

 

 

 

 

 

 

 

 

 

 


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                                           OECD side event at Climate Week NYC

 


OECD-Climate Policy Initiative (CPI) dialogue: Improving transparency and accountability through improved tracking of climate finance flows, Monday 22 September, 17:00 – 19:00
(by invitation only)


The OECD and the Climate Policy Initiative CPI hosted this event which aims to help boost transparency and accountability in the tracking of climate-related development finance from public and private sources. It featured a panel discussion on the current state of play of climate finance flows and recent initiatives contributing to their robust tracking, considering progress to date and progress still to be made on improving the coverage, transparency and quality of information and data on climate finance.

Logo - Climate Week NYC 2014 Logo

 

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