Climate finance for developing countries rose to USD 79.6 billion in 2019 – OECD
Indonesia could become a world leader in clean energy with further reforms to mobilise investment in renewables and energy efficiency, according to a new OECD report.
The Organisation for Economic Co-operation and Development (OECD) is delighted to announce the creation of the International Programme for Action on Climate (IPAC), led by France.
Wear and tear from brakes, tyres and road surfaces will soon overtake car exhaust fumes as the leading source of fine particles released into the air by road traffic, according to a new OECD report, and heavy electric vehicles with long-distance batteries could compound the problem even as they slash emissions from engine exhaust.
Climate finance provided and mobilised by developed countries for developing countries totalled USD 78.9 billion in 2018, up 11% from 71.2 billion in 2017. The increase was driven by a rise in public climate finance, while private climate finance was flat, according to new figures from the OECD.
Many countries are making “green” recovery measures a central part of stimulus packages to drive sustainable, inclusive, resilient economic growth and improve well-being in the wake of the COVID-19 crisis. However some countries are also implementing measures that risk having a negative environmental impact and locking in unsustainable growth, according to new OECD analysis discussed by member country ministers today.
OECD countries have agreed to update rules on the export of hazardous plastic waste for recycling in line with international changes so that advance consent from destination countries will be required ahead of shipping. However, they did not reach consensus on updated arrangements for the export of non-hazardous plastic waste. OECD countries have agreed to review the situation for non-hazardous plastic waste in 2024.
Countries need to work together to defend the ocean from a steady rise in temperature, pollution and overfishing that threatens its ability to continue supporting marine life and providing food and income to billions of people, according to a new OECD report.
As governments design stimulus measures for economies hit by the Covid-19 crisis, they should seize the opportunity of historically low oil prices to redirect some of the half a trillion dollars spent annually supporting fossil fuels into sustainable investments including low-carbon energy, according to the OECD and the International Energy Agency (IEA).
I am very disappointed that COP25 in Madrid did not achieve the decisive, collective and ambitious outcomes that the climate emergency demands from world leaders.