On dec 718, 2009, representatives from 192 countries will meet in copenhagen to formulate a climate agreement for 2012 onwards. Aligning policies for the transition to a lowcarbon economy rintaro tamaki, deputy secretarygeneral, the organisation for economic cooperation and development oecd pdf 1. Aligning policies for a lowcarbon economy summary in english doi. Given the crucial role of price incentives for all economies, getting energy prices right, i. Aligning policies for lowcarbon systemic innovation in europe nicholas ashford, mit and andrea renda, ceps and duke 3 contents executive summary introduction 15 1 context and background 1. Cohesion policy plays an important role in supporting the eus transition to a lowcarbon economy, in line with the energy union strategy for the 20142020 funding period, the rules on the european regional development fund erdf required member states for the first time to allocate a mandatory minimum proportion of the available funding to the lowcarbon economy. Aligning national and international climate targets.
Primary market investments are additive to financing the lowcarbon transition process, and hence play a critical role in aligning portfolios to support and accelerate the. Friends of the earth scotland policy briefing paper. Lohani asia must be at the center of the global fight against climate change. Implementing climatefriendly taxation practices chapter 4. Aligning the criteria of green economy ge and sustainable development goals sdgs to implement sustainable development. The eu aims to be climateneutral by 2050 an economy with netzero greenhouse gas emissions. How does this affect the productivity of the economy. Ghg emissions due to anthropogenic human activity are the dominant cause of observed global warming. Oecd ilibrary strengthening incentives for sustainable land use. Aligning corporate greenhousegas emissions targets with. Second, putting a price on carbon is essential, but lowcarbon policies also have to address wider market, investment and behavioural failures. Maritime shipping and aviation 4 resilience of the modern trade system to climate change 6 notes 7 references 8 chapter 6 diagnosing misalignments for a more resilient future 143.
These two reports clearly demonstrate that, with the right policies, a lowcarbon energy system consistent with avoiding the most damaging effects of climate change could free up trillions of dollars over the next 20 years to invest in better economic growth. Aligning policies for low carbon systemic innovation in europe nicholas ashford, mit and andrea renda, ceps and duke 3 contents executive summary introduction 15 1 context and background 1. Aligning policies for lowcarbon systemic innovation in europe. Maritime shipping and aviation 4 resilience of the modern trade system to climate change 6 notes 7 references 8 chapter 6 diagnosing misalignments for a.
In this accessible and timely report, which is the fruit of collaboration between ceps and the i24c platform, the authors look at eu policies and propose ten steps to align eu. Beyond facilitating climate action, aligning these policies with a lowcarbon economy can contribute to a broader reform agenda for greener, more resilient and. Aligning policies for the transition to a lowcarbon. Aligning policies for a lowcarbon economy capacity4dev. This report on aligning policies for a low carbon economy responds to that request by identifying where existing policy and regulatory frameworks are at odds with climate policy, i. Aligning climate change action and sustainable development. Aligning policies for a lowcarbon economy read online. Beyond avoiding the severe and irreversible impacts of a more volatile global climate, reducing co 2 emissions through energy efficiency can increase. Aligning domestic policies with international coordination in. Facilitating the low carbon transition 23 core climate policies. Aligning climate change and public health policies the. Oecd week 2 0 1 5 meeting of the oecd council at ministerial level paris, 34 june 2015.
Accelerating americas pledge bloomberg professional service. Aligning finance to deliver climate ambition and climate. Principles and implementation 28 notes 40 references 41 part i reforming crosscutting policies 45 chapter 2 scalingup low carbon investment and finance 47 the low carbon investment challenge 49 the enabling environment. Aligning policies for a lowcarbon economy en oecd ocde. Aligning policies for the transition to a lowcarbon economy. Setting a price on carbon emissions through taxation or an emissions trading system is an essential policy tool for achieving the transition to a lowcarbon economy. Central banks and financial regulators have a role to play in this process. This session introduces key messages of oecds aligning policies for the transition to a low carbon economy project, which is an effort to achieve the 2. Jun 04, 2015 aligning policies for a low carbon economy oecd. Lowcarbon economy regional policy european commission. Going allin to build a prosperous, lowcarbon economy for the united states. How can carbon prices and policies be effectively aligned. Jul 08, 2015 aligning policiesforthetransitiontoalowcarboneconomycmin201511 1.
This report produced in cooperation with the international energy agency iea, the international transport forum itf and the nuclear energy agency. Aligning climate change and public health policies request pdf. Monitoring progress towards green growth the oecd approach. A low carbon economy lce, low fossilfuel economy lffe, or decarbonised economy is an economy based on low carbon power sources that therefore has a minimal output of greenhouse gas ghg emissions into the atmosphere, but specifically refers to the greenhouse gas carbon dioxide. Some existing policies notably energy taxes implicitly price carbon. With a new national vision due this year, the time is ripe for aligning longterm resilience and development planning by ensuring the lts and national visions feed into each other. A lowcarbon economy lce, lowfossilfuel economy lffe, or decarbonised economy is an economy based on low carbon power sources that therefore has a minimal output of greenhouse gas ghg emissions into the atmosphere, but specifically refers to the greenhouse gas carbon dioxide. It makes carbon emissions part of the economic equation for governments, businesses and consumers, creating. While most environmental policies are the purview of environment ministries, implementing etr requires the active engagement of finance ministries. Aligning policies for a lowcarbon economy oecd ilibrary. Aligning policies for a lowcarbon economy summary in.
The scottish government should also provide more coordinated support for a low carbon economy by properly aligning the policies and priorities of the national planning framework with the lowcarbon strategy. This conference called cop15 represents the most important opportunity in decades to achieve international agreement on how to cut emissions of greenhouse gases deeply enough to reduce the likelihood of dangerous climate change. It is the worlds most populous region, with high economic growth, a rising share of global greenhouse gas emissions, and the most. The international community has recognised climate change as a major environmental, social and economic risk stfor the 21 century and far beyond. Oecd ilibrary aligning policies for a lowcarbon economy. Monitoring progress towards green growth indicator groups and topics what are the growth characteristics of the economy. Better policy alignment for a better climate and better growth scale up sustainable low. Primary market investments are additive to financing the low carbon transition process, and hence play a critical role in aligning portfolios to support and accelerate the. Shifting to a lowcarbon economy will require a comprehensive set of policies aimed at delivering financial resources to climatefriendly investments, while avoiding destabilising effects on the economic and financial system. The changing role of carbon pricing in the eu national. Aligning investment policies with climate goals 54.
An overview of policy options for national governments derik broekhoff, georgia piggot, peter erickson working paper abstract action by national governments is crucial for. Aligning the financial system for sustainability is not some faroff notion, but is already. Nov 25, 2015 aligning policies for the transition to a lowcarbon economy 1. Third, the lowcarbon economy is likely to be highly electrified. An overview of policy options for national governments about this working paper this working paper was prepared by the stockholm environment institute, with funding from bloomberg philanthropies. Oecd multilingual summaries aligning policies for a lowcarbon. Jun 02, 2015 aligning policies for a lowcarbon economy. This report on aligning policies for a lowcarbon economy responds to that request by identifying where existing policy and regulatory frameworks are at odds with climate policy, i. Therefore to achieve the sustainable development we want will require a realignment of the financial system with the goals of sustainable development.
Oecd ilibrary strengthening incentives for sustainable. Aligning policies for the transition to a lowcarbon economy biac comments biac appreciates the opportunity to submit comments on the oecd report on aligning policies for the transition to a lowcarbon economy, which we hope will be reflected as the report is being revised as. The transition to a climateneutral society is both an urgent challenge and an opportunity to build. Aligning policies for the transition to a low carbon economy biac comments biac appreciates the opportunity to submit comments on the oecd report on aligning policies for the transition to a low carbon economy, which we hope will be reflected as the report is being revised as. Core climate policies and the case for policy alignment part i.
Corporations need to reduce their greenhousegas emissions to help avoid dangerous climate change. This report on aligning policies for a lowcarbon economy responds to that request. Indeed, existing policies are unlikely to promote the systemic innovation that is needed to shift eu production and consumption paradigms towards enhanced sustainability. Aligning policies for the transition to a lowcarbon economy 1. Aligning policies for a lowcarbon economy the oecd report on aligning policies for a low. The right policies can maximize the financial benefits of a low carbon transition. Aligning policies for a lowcarbon economy this report produced in cooperation with the international energy agency iea, the international transport forum itf and the nuclear energy agency nea identifies the misalignments between climate change objectives and policy and regulatory frameworks across a range of policy domains investment. Other international focus has been placed on aligning policies for a low carbon economy oecd et al, 2015. Aligning policies for a lowcarbon economy can contribute to a broader reform agenda for greener, more resilient and inclusive growth.
This objective is at the heart of the european green deal and in line with the eus commitment to global climate action under the paris agreement. A synthesis published on jun 2, 2015 this is an synthesis of the four organisations initial diagnostic of where and how existing policy and regulatory. Richard baron, project coordinator, oecd david fischer, oecd joint workshop oecd ministry of finance government of indonesia bogor, 4 november 2015 2. Beyond facilitating climate action, aligning these policies with a low. There is an urgent and unprecedented opportunity to ensure that new investment in infrastructure supports the climate agenda while fostering economic development. Aligning policiesforthetransitiontoalowcarboneconomy. Strengthening incentives for sustainable land use sustainable landmanagement practices reduced deforestation, restoring degraded land, lowcarbon agricultural practices and increased carbon sequestration in soils and forests can contribute to significant greenhouse gas emission reductions while responding to growing food demand. Aligning finance to deliver climate ambition and climate resilience in a 2015 climate agreement working paper november 2014 3 growth rates and high leverage. The new report aligning policies for a low carbon economy produced by the organisation for economic cooperation and development oecd, the international energy agency iea, the international transport forum itf and the nuclear energy agency nea presents the first diagnosis of the alignments of policy and regulatory frameworks with climate policy goals. A handbook for european regions was developed between february and september 2011 and is the result of a collaborative eort within the framework of the regions for sustainable change rsc project, cofunded by the interreg ivc programme. The new report aligning policies for a lowcarbon economy produced by the organisation for economic cooperation and development oecd, the international energy agency iea, the international transport forum itf and the nuclear energy agency nea presents the first diagnosis of the alignments of policy and regulatory frameworks with climate policy goals. Vision 2020 pdf, published in 1996 to guide the gambias development priorities, is reaching the end of its term. The report aligning policies for a lowcarbon economy oecd et al.
Monitoring international progress on commitments is a challenge because in many cases there is insufficient data to determine the consistency between targets in national laws and policies and ndcs. The report aligning policies for a lowcarbon economy responds to that request by identifying where existing policy and regulatory frameworks are at odds with climate policy, i. The low carbon economy will have to be delivered without compromising economic growth through a combination of significant energy efficiency improvements, a structured shift towards low carbon power generation such as renewables and nuclear power and decarbonising remaining fossil fuel usage through carbon capture and storage. Finance and climate change council on economic policies. Aligning policiesforthetransitiontoalowcarboneconomycmin201511 1. Oct 27, 2016 indeed, existing policies are unlikely to promote the systemic innovation that is needed to shift eu production and consumption paradigms towards enhanced sustainability. To achieve this, the climate policy is supported by the national climate change response strategy, national adaptation plan, the low carbon.