Climate change induced droughts, storms, heat waves and fires, melting glaciers and rising sea levels, all increasing in frequency and magnitude, put the wellbeing of our generation – and future ones – in jeopardy.
And yet, the global progress towards a sustainable pathway of emissions still falls short of the crucial targets to mitigate these dire effects. To further support the need for decisive action, the OECD is putting forward A Framework to Decarbonise the Economy: a framework for designing and implementing country-tailored decarbonisation strategies while considering broader economic and social issues. The framework builds on the latest OECD work and academic evidence, as well as provides concrete country examples to lay out the key elements for appraising the existing policy gaps and addressing them with a cost-effective, comprehensive, inclusive and acceptable policy mix.
A shortened version was presented on the high-level climate policy webinar by Laurence Boone, the OECD Chief Economist
Including R&D support, infrastructure investment, labour market and reskilling policies, redistributional mechanisms and tools for strengthening public acceptability
Article on VoxEU by the authors of A Framework to Decarbonise the Economy, summarising the paper’s main messages
OECD Country Survey chapters dedicated to decarbonisation: Iceland (2021), Denmark (2021), Estonia and Greece (forthcoming, 2022)
OECD Going for Growth 2021: Shaping a Vibrant Recovery (see Chapter 1 for a discussion on improving environmental sustainability via How structural policies)
OECD Climate Change Hub