The urgency and scale of needed climate action are unprecedented. And yet country commitments to reach net-zero greenhouse gas emissions by mid-century, while a good start, are still insufficient to reach climate goals. The impacts of climate change are stretching the limits of our planet’s natural systems, lives and livelihoods are at risk, and we are dangerously nearing tipping points that will create large-scale, non-linear, and irreversible changes in the climate system.
OECD work supports international efforts on climate action, with a focus on enhancing societal and economic resilience, improving productivity and reducing inequalities. The OECD plays an active role in its unique position as a multilateral institution, providing clear evidence and policy advice to support countries, business and civil society. Through global co-operation we can work together to tackle one of the most pressing inter-generational challenges of our times.
Accelerating the net-zero transition while protecting the most vulnerable communities and economies.
Adapting our economies and communities to cope with the immediate impacts of climate change and prepare for the future.
Making finance consistent with low-emissions pathways and climate-resilient development.
(New) This OECD project will increase our understanding of the complex systemic inter-linkages between our climate, economic and financial systems, and provide country policy guidance to enhance resilience.
(New) The IPAC will become a platform for countries to monitor progress towards the transition to net-zero greenhouse gas emissions, through policy evaluation, targeted advice and best-practice sharing.
OECD countries still rely on fossil fuels (linked to the production and use of coal, oil, gas and petroleum products) for about 80% of their energy supply, notably for industry and transport that are the largest emitters of greenhouse gases (GHGs).
New OECD data show that total fossil fuel support in 44 OECD and G20 economies rose by 10% in 2019 to USD 178 billion, ending a five-year downward trend and undermining global efforts to mitigate climate change.
As governments design stimulus measures for their economies, they should seize the opportunity to redirect fossil-fuel investments into green and sustainable energy production.
September 2021 | REPORT