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Governments need to put together the optimal policy mix to eliminate emissions from fossil fuels in the second half of the century. Cherry-picking a few easy measures will not do the trick. There has to be progress on every front, notably with respect to carbon pricing, and that is what peer review and learning from best practice should help achieve, said OECD Secretary-General.
We must aim for their complete elimination by the second half of the century and need to come to grips with the risk of climate change. While many countries have announced ambitious targets to reduce fossil fuel emissions by 2020, and even mid-century, further efforts are needed.
Credible and consistent carbon pricing must be the cornerstone of government actions to tackle climate change, according to a new OECD report.
This paper reviews the political economy of the Canadian province of British Columbia (BC) tax in three periods: its origins, its survival in the face of political backlash, and its longer-term prospects. The BC launched North America’s first revenue-neutral carbon tax reform. The tax, applied to all combustion sources of fossil fuels, was introduced at a rate of CAD 10 per tonne of CO2.
This paper describes the features of the tax, recounts the story of its interplay between fiscal adjustment and helping meet the obligations to raise taxes, and implications for competitiveness and carbon leakage, environmental effectiveness and equity issues, and draws conclusions regarding why it happened, and provides tentative insights for other countries in a similar situation.
OECD Secretary-General Angel Gurría will present a major address on the Organisation’s latest analysis of climate change, investment and energy policies in London on Wednesday 9 October, at 10:30am.
This event held on 18-19 September 2013 at the OECD is part of a series of seminars, organised by the OECD and the IEA, which aims to promote dialogue and enhance understanding between a wide range of experts on technical issues in the international climate change negotiations. The agenda, presentations and list of participants are now available.
Competitiveness and carbon leakage issues have been some of the main concerns in the implementation and discussions of climate policies. This paper examines the macroeconomic and sectoral competitiveness and carbon leakage impacts associated with a range of stylised mitigation policy scenarios.
Water shortages and floods illustrate the risks posed by too little, or too much, water. By 2050 more than 40% of the world’s population will live under severe water stress and nearly 20% could be exposed to floods.
The OECD participated in this annual event held in Stockholm (1-5 September 2013) where two major reports "Water Security for Better Lives" and "Water and Climate Change Adaptation: Policies to Navigate Uncharted Waters" were launched by the OECD's Secretary-General, Angel Gurría.