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International Business Green Economies Dialogue: Getting Green Growth Policies Right USCIB Side-event. Nathalie Girouard Coordinator Green Growth and Sustainable Development. Brochure: OECD work of relevance to Rio+20 Available from www.oecd.org/rio+20. The OECD Green Growth Strategy. - PowerPoint PPT Presentation
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International Business Green Economies Dialogue: Getting Green Growth Policies Right
USCIB Side-event
Nathalie GirouardCoordinator Green Growth and Sustainable Development
www.oecd.org/greengrowth
• Brochure: OECD work of relevance to Rio+20• Available from www.oecd.org/rio+20
www.oecd.org/greengrowth
The OECD Green Growth Strategy
• Multi-disciplinary inter-governmental process– Involving 25 OECD Committees: delegates from Ministries of Finance, Economy,
Environment, Agriculture, Development Co-operation, Industry, etc.
• Strategy delivered to Heads of State and Ministers in 2011:– Towards Green Growth– Tools for delivering on green growth– Towards Green Growth:
Measuring Progress – OECD Indicators
• Embedded in OECD work onNew Approaches to Economic Challenges growth
www.oecd.org/greengrowth
Delivering on green growth: GG in OECD national and multilateral policy surveillance
• Country peer reviews and studies• Economic Surveys• Environmental Performance Reviews• Innovation Reviews• Investment Policy Reviews• Green Cities Programme
• Greening Growth and Going for Growth
• Analyse the side effects of growth-enhancing policy priorities on the environment (and on income distribution)
• Analyse the links between environmental policies and outcomes and the effects of environmental policies on growth
www.oecd.org/greengrowth
Green Growth and Developing Countries:
• Proposes a policy framework and criteria for policy making that can be used by developing countries.
• Will look at how progress could be assessed.
• Based on consultation with developing countries ; helps developing country partners shape a green growth agenda relevant to them .
• An interim version of the report is being presented for consultation at Rio+20; then in-depth consultation at regional and country levels.
www.oecd.org/greengrowth
Delivering on green growth: OECD Sectoral and Thematic Green Growth Studies
• Food and Agriculture• Energy (OECD/IEA)• Biodiversity • Water• Development• Innovation and technology transfer• Freedom of investment for green growth• Green Financing• Environmental regulations and growth• Job potential of a shift towards a low-carbon
economy
www.oecd.org/greengrowth
Removing inefficient fossil fuel subsidies: good for the environment and the economy
Impacts on GDP of unilateral subsidy phase out in 2050 (% deviation from baseline)
(1) Middle East & Northern Africa (2) Other Asian, African and Latin American Emerging economies
Multilateral
subsidy removal
would lead to 6%
less greenhouse
gas emissions
globally in 2050
than BAU
Source : OECD ENV-Linkages Model; based IEA subsidies data for the year 2009
www.oecd.org/greengrowth
Note: This graph is based on an arithmetic sum of the individual support measures identified for a sample of 21 OECD countries, i.e. the 24 OECD countries included in the inventory net of those countries for which estimates have not been collected yet (Chile, Iceland and Luxembourg). It reflects the value of tax relief measured under each jurisdiction’s benchmark tax treatment. The estimates do not take into account interactions that may occur if multiple measures were to be removed at the same time Source: OECD (2011), Inventory of Estimated Budgetary Support and Tax Expenditures for Fossil Fuels.
Support to fossil fuel production and use in advanced economies, by fuel type
www.oecd.org/greengrowth
Revenues from environmentally related taxes In per cent of GDP, selected countries, 2010
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
Mex
ico
Colo
mbi
aPe
ru *
Uni
ted
Stat
esG
uate
mal
a *
Uru
guay
Chile
Cana
da *
Arg
enti
na *
New
Zea
land
Chin
aJa
pan
Spai
nA
ustr
alia
Fran
cePo
land
Hun
gary
Slov
ak R
epub
lic *
Swit
zerl
and
Belg
ium
Icel
and
Sout
h A
fric
aG
erm
any
Dom
inic
an R
epub
lic *
Luxe
mbo
urg
Cost
a Ri
ca *
Nor
way
Aus
tria
Port
ugal
Irel
and
Uni
ted
King
dom
Gre
ece
Ital
ySw
eden
Kore
aCz
ech
Repu
blic
Finl
and
Esto
nia
Slov
enia
Braz
ilIs
rael
Net
herl
ands
Turk
eyD
enm
ark
% o
f GD
P
Other Motor vehicles Energy
* 2009 figure www.oecd.org/env/policies/database
www.oecd.org/greengrowth
THE IMPORTANCE OF CLEAR POLICY SIGNALSTrends in patenting activity worldwide
Note: Patent counts refer to the number of "claimed priorities", by the first filing date worldwide, shown as 3-year moving averages and indexed on the year 1997.Source: OECD calculations based on data extracted from the EPO Worldwide Patent Statistical Database (PATSTAT, October 2011) using algorithms developed at the OECD and the EPO. See Energy and Climate Policy and Innovation: Bending the Trajectory (OECD, 2012).
www.oecd.org/greengrowth
OECD framework for measuring well-being and progress
www.oecd.org/greengrowth
Towards green growth - Monitoring progressMeasurement framework
www.oecd.org/greengrowth
Towards green growth - Monitoring progress Indicator groups and topics
www.oecd.org/greengrowth
Green Growth Indicators in practice
Green growth indicators are used inOECD work: country studies, peer reviews
Green growth indicators are applied incountries (OECD countries, emerging economies, developing countries)
• The Czech Republic, Korea and theNetherlands have applied the OECDgreen growth measurement framework
• Work is underway in Mexico, Colombia,Costa Rica, Ecuador, Guatemala, Paraguay,in partnership with UNIDO.
• Work is underway in Kyrgyzstan.• Work is planned in East-Asian countries.
Feedback on policy relevance Exchange of experience and best practices Contribution to indicator improvement
www.oecd.org/greengrowth
Mission: enhance and expand efforts to identify and address major
knowledge gaps in green growth theory and practice help countries design and implement green growth policy