Delivering Climate-Change Mitigation under Diverse National Policy Approaches
An independent IMF/OECD report to support the German 2022 G7 Presidency
In spite of progress made to date and the significant long-term ambition announced
by many countries, climate policy actions remain insufficient to meet the Paris Agreement
objectives. While several international initiatives aim to track and monitor climate
policies, there is not yet a “go to” place for a comprehensive inventory of policy
actions and best practices worldwide. Such a platform would also ideally serve to
compare policies’ effectiveness reflecting the diversity of country circumstances.
Progress in this direction would help to promote an ambitious but globally more coherent
and better-coordinated approach to emission reductions through a broad range of policies.
This report lays out a roadmap for data and analytical work to support this aim, with
a view to enhancing global dialogue and building trust on issues spanning climate
change mitigation policies and their macro-economic repercussions. Key elements to
strengthen the assessment and comparison of countries’ climate change mitigation policies
across countries include: broadening and deepening the stocktaking of mitigation policies;
extending and agreeing on an operational methodology for estimating the impact of
these policies on emissions and on potential metrics to compare them; and assessing
the broader economic effects of different climate policies.
Published on December 21, 2022