The world is facing unprecedented stresses, and we are going to need an unprecedented response. We’re doing our best to help create that response at the OECD.
Angel Gurría, Secretary-General of the OECD congratulated the newly elected President of Indonesia, Joko Widodo, for taking a bold first step in his economic reform agenda by substantially cutting fuel subsidies.
The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.
Southeast Asia’s over-reliance on natural resources like oil, gas, minerals and wood for economic growth is unsustainable over the long term and is causing environmental damage that will hurt future prosperity if left unchecked, according to a new OECD report.
Southeast Asia’s booming economy offers tremendous growth potential, but also large and interlinked economic, social and environmental challenges. The region’s current growth model is based in large part on natural resource exploitation, exacerbating these challenges. This report provides evidence that, with the right policies and institutions, Southeast Asia can pursue green growth and thus sustain the natural capital and environmental services, including a stable climate, on which prosperity depends.
Carried out in consultation with officials and researchers from across the region, Towards Green Growth in Southeast Asia provides a framework for regional leaders to design their own solutions to move their countries towards green growth. While recognising the pressures that Southeast Asian economies face to increase growth, fight poverty and enhance well-being, the report acknowledges the links between all these dimensions and underscores the window of opportunity that the region has now to sustain its wealth of natural resources, lock-in resource-efficient and resilient infrastructure, attract investment, and create employment in the increasingly dynamic and competitive sectors of green technology and renewable energy.
Some key policy recommendations are that these challenges can be met by scaling up existing attempts to strengthen governance and reform countries’ economic structure; mainstreaming green growth into national development plans and government processes; accounting for the essential ecosystem services provided by natural capital, ending open-access natural resource exploitation; and guiding the sustainable growth of cities to ensure well-being and prosperity.
Public financial institutions (PFIs) are well-positioned to act as a key leverage point for governments’ efforts to mobilise private investment in low-carbon projects and infrastructure. This study identifies the tools, instruments and approaches used by five PFIs to directly support and scale-up domestic private sector investment in sustainable transport, energy-efficiency and renewable energy in OECD countries.
The Kingdom of Morocco is over 90 % dependent on energy imports, so a major challenge is to develop indigenous resources. Topography and climate are favourable to wind, solar and additional hydropower. By 2020 Morocco aims to derive more than 40 % of its electrical capacity from these sources, strengthening both energy security and sustainability. At the same time, Rabat aims to retain its attractive investment conditions for oil and gas exploration.
To reduce the burden of energy subsidies, transport fuels have progressively been brought up towards full market prices, and electricity tariffs are also being adjusted upward. Energy efficiency has been elevated to a national priority, with a range of measures on lighting, building standards, appliances and vehicles.
Morocco’s electricity grid now covers more than 98 % of households. The sector is being progressively liberalised, with foreign investment in both renewables and coal-fired power stations. The energy mix is diversified further by imports of gas from Algeria and electricity from Spain.
Morocco has established new national agencies to promote energy efficiency, renewable energy, and research and development. Co‑operation on climate change within the United Nations framework is widely perceived as exemplary. Persevering in this direction could help Morocco emerge as a regional leader in energy sector reform, as well as in the renewable energy technologies in which it has a natural advantage.
This review analyses the energy policy challenges facing Morocco and provides recommendations for further policy improvements. It is intended to help guide policy makers in the country towards a more secure and sustainable energy future.
Let’s be honest, waste reduction doesn’t have much of a ring to it. To many, it’s a complex policy issue without much hope if consumers keep throwing their cans away in the street.
What’s water security worth, and how much are we willing to pay for it given competing demands and constrained public budgets? asks Simon Upton, Environment Director at the Organisation for Economic Co-operation and Development (OECD).
This report diagnoses the main governance and financing challenges to private sector participation in the water supply and wastewater sector of Tunisia, and provides ways forward to address these challenges. It been developed as part of a water policy dialogue conducted by the OECD jointly with the Global Water Partnership-Mediterranean (GWP-Med) in the context of the project labelled by the Union for the Mediterranean (UfM) "Governance and Financing for the Mediterranean Water Sector", with the support of the FEMIP Trust Fund of the European Investment Bank.