Two new OECD reports provide wide-ranging evidence of how reforming subsidies and tax breaks for fossil fuels can help countries boost finances and meet green objectives.
Mexico is faced with difficult trade-offs as it pursues its economic, social and environmental goals. Like other emerging economies Mexico is balancing the need to protect its natural resources with the need to address high levels of income inequality and poverty.
The OECD offers impartial data and evidence-based policy advice on scaling-up climate finance, and incentivising green infrastructure investment and low-carbon technologies.
Worldwide, 62 billion tons of natural resources – minerals, wood, metals, fossil and biomass fuels, and construction material – are extracted. On average, that’s almost 10 tons for every person on the earth. Of that, about one fifth ends up as waste and must be reused, recycled or disposed of in a way that is safe for people and the environment.
In Latin American and Caribbean countries the population is growing faster than the world average, intensifying land use and increasing urbanisation. The region is also prone to the negative impact of climate change and natural disasters, putting further pressure on natural resources.
OECD countries have agreed new rules to strengthen current environmental and social due diligence processes when providing export credits and to create financially prudent incentives to support business projects with low CO2 emissions. The second agreement also aims to encourage support for advanced climate-friendly technologies such as carbon capture and storage.
Slovenia's rich and diverse environment is under pressure from the country’s expanding economy. OECD’s first Environmental Performance Review of Slovenia says that greening growth, including though green tax reform, better use of public and private finance, could help Slovenia.
Germany is successfully limiting the amount of carbon, energy and resources required to grow its economy. Though the public is generally satisfied with the level of environmental quality, the OECD’s Environmental Performance Review of Germany warns that ch
Deutschland ist es in den vergangenen Jahren gelungen, die CO2-, Energie- und Ressourcenintensität seiner Wirtschaft zu reduzieren.
As countries struggle with the immediate challenges of stretched public finances and high unemployment, they must not neglect the longer term. Action needs to be taken now to prevent irreversible damage to the environment, according to the OECD Environmental Outlook to 2050.