The OECD hosted a workshop on green investment banks on 20 May 2015. It built upon discussions of green banks at the OECD Green Investment Financing Fora (May 2015 and June 2014) and continued international dialogue on the experiences of green banks. The workshop welcomed 9 different green banks, public financial institutions, NGOs, the private sector and over 20 countries interested in the green bank model.

Challenging free trade orthodoxy is a heavy lift in our political culture; anything that has been in place for that long takes on an air of inevitability. But, critical as these shifts are, they are not enough to lower emissions in time. To do that, we will need to confront a logic even more entrenched than free trade–the logic of indiscriminate economic growth.

On 28 May 2015, the Green Growth Knowledge Platform (GGKP) webinar will examine how proper planning can help lay the foundation for both a stable climate and good development path; explore how countries can create the right enabling environment so that the needed technology, infrastructure and financing are available; and discuss how countries can carefully manage the transition, given vital political economy considerations.

The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.

The 2011 Green Growth Strategy provided initial guidance to governments on how to achieve economic growth and development, while preventing costly environmental damage and inefficient resource use. What progress have countries made in aligning economic and environmental priorities since 2011?

Mainstreaming greening in employment and skills strategies requires a strong partnerships between public, private and not-for-profit organisations in order to maximise innovation and to manage smoothly labour market transitions from brown to green energy and employment. In this timely report, CEDEFOP and the OECD provide evidence and policy analysis to foster an equitable shift to greener economies and more sustainable societies.

Government support to fossil fuel consumption and production in OECD countries and key emerging economies remains high, at USD 160-200 billion annually, according to a new OECD report. This support is hampering global efforts to curb emissions and combat climate change.

Economic and social reforms over the past two decades have enabled Peru to significantly improve growth and well-being while raising incomes and reducing poverty.

Advanced and emerging economies have made progress in addressing climate change, yet most are on a trajectory that would see them fall short of their mitigation goals. Governments need to significantly accelerate their efforts and strengthen their climate change policies.

The OECD and the Ministry of Finance of Indonesia (Fiscal Policy Agency) held an expert seminar on 4-5 November, 2015 in Bogor, Indonesia. The event brought together representatives from the ASEAN line ministries, research organisations and other key international organisations to share their knowledge and expertise on the topic. This event was supported by the OECD Knowledge Sharing Alliance.

So, for those interested in considering how to foster a green industrial revolution, it will be worthwhile to plan a trip to the OECD Green Growth and Sustainable Development Forum* in Paris this December.

Average global temperature could rise by 3-6 degrees Celsius by 2100 if we don’t act. To keep the rise to 2 degrees Celsius, we need to have net zero emissions by the end of the century. Emissions would need to peak by 2030 to give us a fighting chance of achieving this.

This is a watershed day for the world and especially heartening for the OECD as one of the first international bodies to call for zero net emissions in the second half of the century, for a price on carbon and for greater efforts to channel finance into the low carbon economy.

Achieving green growth requires ambitious transition management policies in key sectors such as energy, transport, water and agriculture. Provided that the pace of innovation in a number of these key areas is growing faster than ever before, the Forum examined how to foster the "next industrial revolution" by harnessing the potential of systems innovation policies to support green growth.

The OECD defines policy coherence for sustainable development (PCSD) as an approach and policy tool to integrate the economic, social, environmental, and governance dimensions of sustainable development at all stages of domestic and international policy making. This blog details the OECD's PCSD framework and its goals.

Join the Green Growth Knowledge Platform (GGKP) for a webinar on 20 April from 16:00-17:30 (Geneva time), to debate where and how the way we measure our progress towards an inclusive green economy, including how this relates to the SDGs can be improved.

The Paris Agreement is an unprecedented achievement in the fight against climate change. A record number of countries came together, first in the French capital for the COP21 conference in November-December 2015 and then formally to sign the agreement at the UN on 22 April 2016, to ensure that future generations enjoy a stable, healthy and habitable world.

The adoption of the 2030 Sustainable Development Goals (SDGs) signals a clear commitment to set the world on track for a more just, prosperous and sustainable future, in which all children can reach their full potential. The challenge of sustainable development is an intergenerational one: effective action now will both improve children’s lives today and create a better future for children tomorrow.

Advanced economies have reduced their consumption of raw materials and improved waste management, but more should be done to design and produce goods in a way that uses fewer natural resources and produces less waste, according to a new OECD report.

The Paris Agreement on climate change signals the end of business as usual for energy industries. For the first time in history more than 150 developed and developing countries have promised to reduce greenhouse gas emissions. But how binding are these agreements? And do they provide impetus for local action in Africa?

Join the Green Growth Knowledge Platform (GGKP) for a webinar on 25 May 2016, 9:00-10:40am (CST, Costa Rica time) to explore issues affecting the LAC region, including: inclusive green growth, implementation of clean, efficient, resilient and socially inclusive innovations. Please note that the webinar will be held in Spanish.

The Paris Agreement is a landmark in collective efforts on climate change and is the result of many years’ hard work. It must now be implemented.

With the Sustainable Development Goals, the world has set itself ambitious targets for the next 15 years. But ambition will also be essential if we are to collect and process the data needed for monitoring the goals. Thanks to more than half a century of experience, the OECD is well-placed to support this global project.

Peru is a multicultural, megadiverse country, with abundant ecosystem and natural resources, and an ancient tradition in the sustainable management of its resources. Growing pressures from extractive industries, unplanned urbanisation and deforestation are threatening its natural heritage and the population's well-being.

The OECD has welcomed the release by China and the US of peer reviews of their fossil fuel subsidies.

This event, with involvement from the OECD, on 6-7 September 2016, is of major strategic nature during the Slovak Presidency of the European Council. Its ambition is to improve understanding of the green economy concept, identify conclusions and pathways for transition as well as to involve and mobilise various actors and stakeholders in the discussions of possible future actions.

The Fourth Green Growth Knowledge Platform (GGKP) Annual Conference will take place on the theme of “Transforming Development through Inclusive Green Growth” during 6-7 September 2016 at the International Convention Center on Jeju Island, Republic of Korea.

Current carbon prices are falling short of the levels needed to reduce greenhouse gas emissions driving climate change, but even moderate price increases could have a significant impact, according to new OECD research.

The World Green Economy Summit (WGES) is an initiative by the Dubai Electricity & Water Authority. As an institutional partner, the OECD's Matthew Griffiths will participate under the session "Clean Water to the World", in order to discuss how cross sector partnerships can help conserve and manage water in a responsible way, while using the technologies and models available to tackle regional and global water scarcity.

Join the GGKP for a webinar on 1 November from 3:00pm - 4:30pm (Geneva time) to learn more about the Global Green Growth Institute (GGGI)'s Green Growth Potential Assessment (GGPA) tool which helps countries find ways to turn risks into green growth opportunities, and the ways in which it has been applied to unlock green growth potential in Colombia and Peru.

There are now 45 Adherents to the 2009 OECD Declaration on Green Growth. Georgia has joined Costa Rica, Colombia, Croatia, Kazakhstan, Latvia, Lithuania, Morocco, Peru, Tunisia, as well as OECD members in having adhered to the Declaration.

Despite a challenging global environment, the growth prospects of Emerging Asia (Southeast Asia, China and India) remain robust over the medium term, according to the latest edition of the OECD Development Centre’s Economic Outlook for Southeast Asia, China and India.

Read our latest December edition and all previous issues of the newsletter. The December issue draws your attention to the OECD work on Mainstreaming Biodiversity, highlights recent Green Growth news such as the launch of GGKP’s BIG-E Database and Georgia’s adherence to the OECD Green Growth Declaration. It also highlights the OECD’s most recent publications.

The Fifth GGKP Annual Conference will be hosted by the World Bank on the topic of sustainable infrastructure, to stimulate research on these issues and foster interdisciplinary dialogue where relevant.The scientific committee therefore calls for contributions on any aspect of the infrastructure agenda, particularly for developing countries, with a focus on sustainability. Deadline for preliminary versions by 15 June 2017.

To leverage the impact of relatively limited public resources, over a dozen national and sub-national governments have created public green investment banks (GIBs) and GIB-like entities.

Estonia needs to move faster to reduce its dependence on oil shale so it can advance towards a greener economy and reduce air pollution and waste generation, according to a new OECD report.

Korea has improved access to environmental services and become a world leader in climate change mitigation technology.

This report uses household level data covering 20 OECD countries to analyse energy affordability at current energy prices and explores how these indicators change in response to a simulated energy tax reform. The report finds that higher energy prices, needed to cut harmful carbon emissions and air pollution, can also help achieve social policy objectives.

More than any other leader in modern history, Nelson Mandela understood that a society must bridge divides and work together to thrive. He also firmly believed that we must strive to leave our children with a safer, more peaceful and more prosperous world than the one we inherited. He said that “there can be no keener revelation of a society’s soul than the way in which it treats its children”.

Read what OECD bloggers have to say about topics as varied as air pollution, biodiversity, climate, environmental policies, green growth, investment, waste and water. Join the discussion on our latest blog: Climate - Towards a just transition, with no stranded workers and no stranded communities.

Many countries have become more efficient in using natural resources and the services provided by the environment, generating more economic output per unit of carbon emitted and of energy or raw materials consumed. Yet progress is too slow, and if emissions embodied in international trade are included, advances in environmental productivity are more modest, a new OECD report shows.

The tax-to-GDP ratio in Israel decreased by 1.4 percentage points from 32.5% in 2017 to 31.1% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

Spurred by a rise in 2019 development aid, the OECD and its donor member countries are working to help the most vulnerable countries during the coronavirus crisis. Official development assistance (ODA) provided by OECD Development Assistance Committee (DAC) members rose by 1.4% in real terms to USD 152.8 billion in 2019.

Recent seizures of fake medical supplies being marketed as protection against coronavirus (Covid-19) have underscored the need to address a growing international trade in counterfeit pharmaceuticals. The trafficking of fake or defective medicines is costly and puts lives at risk, according to the new OECD and EU reports.

This country note explains how Ireland taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

The tax-to-GDP ratio in Ireland decreased by 0.2 percentage points from 22.5% in 2017 to 22.3% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

Ireland needs to prepare itself to meet rising pressures on public finances from an ageing population and significant external risks such as new EU-UK trade barriers post Brexit. Another important development could be future changes to the international tax rules, according to a new OECD report.

This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.

The tax wedge for the average single worker in Ireland increased by 0.3 percentage points from 32.9 in 2018 to 33.2 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Ireland had the 24th lowest tax wedge among the 36 OECD member countries, compared with the 25th in 2018.

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