One of the most influential international economic is calling for a bigger push to combat climate change. The Secretary-General of the Organisation for Economic Co-operation and Development, Angel Gurría, gave a talk this week (above) advocating for greater international effort to reach a sustainable economy in regards to the environment. He argued that we need to think beyond national policy agendas in order to curb global emissions and reduce climate risks.
It’s fantastic to see a conservative organization like the OECD openly calling for nations around the world to get one board with an economy that doesn’t kill the planet.
Mr Gurria said the risks of stranded communities as well as of stranded assets would increase if policy action was delayed. While rapid advances in technology would continue to drive the transformation, he said, “the pace and scale of the transformation required to meet the Paris goals cannot be achieved without the positive feedbacks between strong government policies and the transformative potential of non-state actors.”
Mr Gurrria said economic conditions in many countries provide a window of opportunity to take action now to boost growth and investment that will drive the transition to a prosperous and inclusive low-emissions, resilient future. Ambitious climate policy is simply good policy, he said, adding that: “Governments should move faster to phase out fossil fuel subsidies, which still amount to around half a trillion dollars a year”.