A Framework to Decarbonise the Economy

Climate change induced droughts, storms, heat waves and fires, melting glaciers and rising sea levels, all increasing in frequency and magnitude, put the wellbeing of our generation – and future ones – in jeopardy.

And yet, the global progress towards a sustainable pathway of emissions still falls short of the crucial targets to mitigate these dire effects. To further support the need for decisive action, the OECD is putting forward A Framework to Decarbonise the Economy: a framework for designing and implementing country-tailored decarbonisation strategies while considering broader economic and social issues. The framework builds on the latest OECD work and academic evidence, as well as provides concrete country examples to lay out the key elements for appraising the existing policy gaps and addressing them with a cost-effective, comprehensive, inclusive and acceptable policy mix.

Design a decarbonisation policy mix for your country

‌Access the full paper

Decarbonising the economy - cover page - policy paper

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Annex: policy tools and additional materials

Watch the high-level climate policy webinar

Download the presentation of Nobel Laureate Prof. Jean Tirole

Download the presentation of Prof. Valentina Bosetti

Introductory Presentation

A shortened version was presented on the high-level climate policy webinar by Laurence Boone, the OECD Chief Economist

Key elements from the framework

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Climate targets and performance

Complementary policies are key

Including R&D support, infrastructure investment, labour market and reskilling policies, redistributional mechanisms and tools for strengthening public acceptability

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Assessment criteria for climate policies

> For an extended version, see Table 5 of the Policy Paper