OECD report: Aligning policies for a low-carbon economy

OECD report: Aligning policies for a low-carbon economy

The OECD report 2015 “Aligning policies for a low-carbon economy” presents the first broad diagnosis of misalignments with climate goals in areas essential to the transition to a low-carbon economy. It points to a number of misalignments in policy domains, such as finance, taxation, trade policies, innovation and adaptation, as well as in three specific sectors: electricity, urban mobility, and land-use.

Addressing climate change requires urgent policy action to drive an unprecedented global infrastructure and technological transformation. More countries are implementing core climate policies: carbon pricing and market-based instruments, regulatory intervention and targeted support to innovation in low-carbon sustainable technologies. But global greenhouse gas emissions have risen rapidly and remain too high to avoid severe and irreversible climate change impacts.

A number of obstacles stand in the way of effective climate policy. Among the most important is the fact that existing policy frameworks and economic interests continue to be geared towards fossil fuels and carbon-intensive activities, as coal, oil and natural gas have fuelled global economic development for centuries. Inadvertently or not, this creates a misalignment between existing policy frameworks and climate objectives, hindering low-carbon investment and consumption choices.

 

Source: Organisation for Economic Coperation and Development

Date: September 2015

Read the report

Read the summary


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climate changeenergyenergy policy

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