This year’s OECD Ministerial Council Meeting, which we are honoured to chair, will address the issue of investment. The timing could not be better. Growth prospects have improved, but there is still a lot of work to be done. Investment has been hit especially hard since the crisis started and has yet to recover.
In the coming months, the international community will gather three times and on three different continents, to build a sustainable development agenda for generations to come.
In 2011, TIME Magazine named collaborative consumption (or the sharing economy as it is often called) as one of the top 10 ideas that will change the world. Four years on, this prediction seems to be holding true. The number of companies operating in the sharing economy is rising rapidly in the transport sector alone.
Is it possible for 9 billion people to live on this planet and enjoy a good standard of living? And on such a planet, is it possible for economies to grow, businesses to profit, and communities to prosper without undermining the natural systems that support all life? And without destroying some of the planet’s last great wildernesses?
Blog: Anecdotal evidence suggests there are loads of grumpy old men and women around. A new, evidence-based report from the OECD offers some clues as to why this should be.
The year 2015 is the International Year of Soils. It is also the year the UN Millennium Development Goals launched in 2000 expire, and are to be replaced by Sustainable Development Goals (SDGs). The 17 goals and their 169 targets cover a vast range of issues, but care for the soil is the foundation of sustainability and is central to practically every SDG.
A new OECD publication highlights notable economic and environmental benefits of phasing out fossil-fuel subsidies in Indonesia. Interestingly, the study is based on the context that pertained until mid-2014, when international oil prices where high and before the recent phase-out of subsidies by the government.
Climate change and, more generally, environmental damage have quantifiable economic and health costs, which weigh on long-term growth and well-being. If left unchecked, climate change is projected to decrease global GDP by 0.7 to 2.5 % by 2060. At the same time, the costs to society of air pollution already appear substantial–equivalent to some 4% of GDP across OECD countries and even higher in some rapidly developing economies.
From oceans and vast rivers to the spring in the garden, we must safeguard our water as a source of well-being, prosperity and progress.
The fates of humanity and of the environment are two sides of the same coin. That is why we must focus increasingly on not just development but sustainable development. To do that, we need to form global coalitions to work for progress on a range of challenges.