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  • 26-August-2021

    English

    Costs of Inaction and Resource scarcity: Consequences for Long-term Economic growth (CIRCLE)

    This project identifies how feedbacks from poor environmental quality, climatic change and natural resource scarcity may affect economic growth in the coming decades. CIRCLE has generated quantitative projections for economic growth which reflect the costs of policy inaction on climate change, outdoor air pollution and other environmental issues. These reference projections improve OECD projections of "baseline" economic growth.

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  • 26-August-2021

    English

    Private climate finance: Research Collaborative

    The Research Collaborative serves as a platform for researchers, finance providers and governments to share information about and discuss progress towards improved tracking of private finance for climate action, including publicly-mobilised private finance. It conducts and co-ordinates work to explore data sources and methodologies.

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  • 26-August-2021

    English

    RE-CIRCLE: resource efficiency and circular economy

    The RE-CIRCLE project provides support to a range of stakeholders in OECD member countries and emerging market economies who are aiming to in the transition to a more resource efficient circular economy. The project contributes to relevant policy debates through quantitative and qualitative analysis and policy recommendations.

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  • 18-August-2021

    English

    Green Budgeting in OECD Countries

    Climate and environmental considerations have become pressing priorities for governments in recent years. International commitments such as the Paris Agreement, the Aichi Biodiversity Targets under the Convention on Biodiversity (CBD) and the Sustainable Development Goals (SDGs) have spurred momentum across the OECD to prioritise green objectives to policy-making processes. As these efforts require systematic considerations across all parts of government, countries have identified the budget process as playing a key role in ensuring that priorities relating to the environment and climate change are part of the policy-making process. Thus, there has been an emergence of 'green budgeting' practices across the OECD. Countries use green budgeting as a tool of budgetary policy making to provide policy makers with a clearer understanding of the environmental and climate impacts of budgeting choices, while bringing evidence together in a systematic and co-ordinated manner for more informed decision making to fulfil national and international commitments. This publication presents the findings from the first survey on green budgeting across OECD countries and provides information on the extent to which countries have the key elements of an effective approach to pursue environmental and climate priorities.

  • 10-August-2021

    English

    Forthcoming Environmental Performance Reviews

    Launching an environmental review is a process of comprehensive research and analytical effort, that usually takes a year and a half. Find out more about the current work in progress for the forthcoming reviews.

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  • 5-August-2021

    English

    Fossil-Fuel Subsidies in the EU’s Eastern Partner Countries - Estimates and Recent Policy Developments

    Based on the OECD standard methodology, the study presents quantitative estimates of government support to consumers and producers of coal, oil and related petroleum products and natural gas, and electricity and heat generated from these fossil fuels. This report summarises the main findings of the analysis of fossil-fuel subsidy schemes in the six European Union's Eastern Partner (EaP) countries – Armenia, Azerbaijan, Belarus, Georgia, Republic of Moldova and Ukraine. The study updates the 2018 Inventory of Energy Subsidies in the EU’s Eastern Partnership Countries by providing data and estimates for 2016‑19. The analysis focuses on measuring two major types of fossil-fuel subsidies: direct transfers of funds to producers and consumers; and tax expenditure. This report also briefly discusses the taxation and energy pricing policies that have had direct or indirect impact on the evolution of fossil-fuel subsidies in the region. Detailed estimates of all individual support measures for each of the six countries are provided in Annexes to the report.

  • 5-August-2021

    English

    Transition finance: Investigating the state of play - A stocktake of emerging approaches and financial instruments

    With only a decade left to reduce emissions drastically, the scale, pace and extent of global transformation needed is truly demanding. Long-term emission goals and the nature of the low-emission transition in each country will be a function of its unique socio-economic priorities, capabilities, resource endowment, vision for post 2050 economic structure, and social and political acceptability of what constitutes a just transition. As we enter the 'decade for delivery', a whole of economy approach is needed to realise the low-emission transition. This includes focusing not only on upscaling zero and near-zero emitting technologies and businesses but also supporting, to the extent possible, the progressive lowering of emissions in high emitting and hard to abate sectors. In this context, 'transition finance' is gaining traction among governments and market participants. To identify the core features of transition finance, this paper reviews 12 transition relevant taxonomies, guidance and principles by public (Japan, Singapore, Malaysia, Russia, European Union, EBRD) and private actors (Climate Bonds Initiative, International Capital Markets Association, Research Institute for Environmental Finance Japan, AXA Investment Managers and DBS), as well as 39 transition relevant financial instruments (vanilla transition bonds, key performance indicator-linked fixed income securities). This paper does not aim to define transition finance, but rather to review emerging approaches and instruments to highlight commonalities, divergences as well as issues to consider for coherent market development and progress towards global environmental objectives. Based on the review, this paper puts forth two preliminary views. First, that the essence of transition finance is triggering entity-wide change to reduce exposure to transition risk; second, that transition finance may be better understood as capital market instruments with a set of core functions/attributes rather than a specific format or label.

  • 22-July-2021

    English, PDF, 1,625kb

    G20 report: Aligning short-term recovery measures with longer-term climate and environmental objectives

    This report has been prepared in support of the G20 Presidency of Italy and provides guidance to countries in designing green recovery packages, aligning recovery packages with climate objectives, establishing effective evaluation and monitoring frameworks, and strengthening innovation and R&D.

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  • 22-July-2021

    English, PDF, 2,155kb

    G20 report: Towards a more resource-efficient and circular economy - The role of the G20

    This Policy Guidance, prepared by the OECD at the request of the Italian G20 Presidency is intended for G20 Leaders, as well as Economic, Finance and Environment Ministries. Based on insights from across the G20 membership, this report presents possible elements of a common G20 policy vision on resource efficiency and the circular economy for different levels of government.

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  • 22-July-2021

    English

    Accessing and Using Green Finance in the Kyrgyz Republic - Evidence from a Household Survey

    This report presents findings from a survey on green finance conducted among 1 000 households in the Kyrgyz Republic (Kyrgyzstan) in 2019. Although green finance is an emerging trend, knowledge about the appetite for green financial products and services in Kyrgyzstan is almost inexistent. The OECD prepared the household survey to close this gap in evidence. The research identified needs and demand from existing and potential clients of Kyrgyz financial institutions for financial instruments, including those that promote sustainable development. This will help commercial banks, policy makers and central bankers design more targeted interventions to increase access to and use of financial products and services, including green finance, in Kyrgyzstan.
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