5 June - 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).Read more
29 May - As governments rush to commit vast sums of money to respond to the unprecedented COVID-19 crisis, there are growing calls to “green” these recovery packages. In a way, it’s like déjà vu all over again, to borrow a phrase from baseball legend Yogi Berra, reminiscent of similar calls in the wake of the global financial crisis of 2007-08.Read more
28 May - This paper evaluates green stimulus packages that were introduced in response to the global financial crisis (GFC) of 2007-08 and draws lessons relevant for greening the recovery from the Coronavirus (COVID-19) crisis.Read more
Ensuring policies are economically efficient and environmentally effective.
Key areas of work
WEBINAR on taxing energy use 2019
On 15 October, Jonas Teusch from the OECD Centre for Tax Policy and Administration discussed the key findings from the OECD publication, Taxing Energy Use 2019, which presents new and original data on energy and carbon taxes in OECD and G20 countries, and in international aviation and maritime transport.
Global energy consumption rose strongly in 2018 along with energy-related CO2 emissions, reaching a new all-time high. This is disconcerting, as meeting the goals of the Paris Agreement will require deep cuts in emissions. Taxing polluting sources of energy is an effective way to curb emissions that harm the planet and human health. Where do countries stand in deploying energy and carbon taxes to reach environmental and climate goals? How can governments step up efforts?
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