This Inventory provides reliable and comparable data on support or tax expenditures for fossil fuel production or use in OECD countries. Reforming fossil fuel subsidies can contribute to achieving economic and fiscal objectives, while also tackling environmental problems like climate change.
The OECD @ 50 strives to improve the prospects of growth and welfare in Member and partner countries, encourages civic participation and equality of opportunities, and seeks to realign the economy with the environment, said Angel Gurría.
"The success of green growth will depend on whether it is a shared global agenda. Many developing countries are not yet fully equipped to introduce new ‘greener’ policies and tap into the benefits of a green future", declared Mr Gurría at the Global Green Growth Summit.
Mr. Gurría declared that the Green Growth strategy provides an actionable framework for addressing the twin challenges of expanding economic opportunities, while reducing environmental pressures that could seriously undermine our ability to seize those opportunities.
Our economies need a change of engine. The age of carbon is over. Renewable energies are the only future viable source if we want to protect life. Spain must be at the forefront of this transformation, turning the environment and green growth into its new engine of development.
The single most important challenge China is facing is that of the shift from export-led growth to an economic and growth model driven by domestic consumption and a better quality of life for its citizens, according to OECD Secretary-General Angel Gurría.
The aim of the OECD Green Growth Strategy is to provide a clear framework for how countries can achieve economic growth and development while at the same time preventing costly environmental degradation, climate change and inefficient use of natural resources.
At this roundtable, M. Gurría concluded that the topic of fairness and intergenerational solidarity is an essential part of our responsibility today and will be essential for the creation of a stronger, cleaner, fairer world economy tomorrow.
At COP16, Angel Gurría stated that "Green and Growth go well together and can become a win-win outcome for advanced, emerging and developing countries. (...) Cancun should; Cancun must; Cancun can!"
In his remarks, A. Gurría said that countries need to be ambitious in taking unilateral actions and that a cost-effective approach to reducing emissions could cost just a fraction of a percentage point of GDP per year.