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1 The webinar will begin shortly Towards Green Growth? Official Launch of the OECD's Tracking Progress Report 27 July 2015 Need technical support? Supported by:

2 Towards Green Growth? Official Launch of the OECD's Tracking Progress Report 27 July 2015 Need technical support? Supported by:

3 Moderator: Carlo Carraro Co-chair of the GGKP Advisory Committee

4 4 INTRODUCTION Towards Green Growth? Official Launch of the OECD's Tracking Progress Report Catherine L. Mann OECD Chief Economist July 27, 2015

5 GREEN GROWTH: A FUNDAMENTAL PILLAR FOR GROWTH 5

6 ALIGNING ENVIRONMENTAL AND ECONOMIC OBJECTIVES 6 OECD s Green Growth Strategy

7 ECONOMIC OPPORTUNITIES AND TRADE-OFFS OF GREEN GROWTH 7 Do stringent environmental policies impact growth? Simulated effects of EPS tightening on productivity growth industry and firm Simulated effects of EPS tightening on productivity growth industry and firm

8 More stringent environmental policies More stringent environmental policies ECONOMIC OPPORTUNITIES AND TRADE-OFFS OF GREEN GROWTH 8 What about firm entry and competition? A. World Economic Forum perceived environmental policy stringency B. Environmental policy stringency proxy (OECD, de jure) WEF perceived EPS (2012) 7 OECD EPS (de jure, 2012) CHE AUT NLD BEL GBR SVK KOR TUR DNK DEU JPN SWE NOR AUS NZL IRL USA EST ISL CZE FRA CAN SVN PRT ZAF POL HUN ISR ESP CHL ITA HRV MEX GRC DNK NLD CHE NOR AUT SWE KOR CAN JPN POL USA GBR AUS FRA BEL IRL GRC PRT DEU HUN ITA ESP 3 0,5 1 1,5 2 2,5 3 3,5 4 4,5 Policies more burdensome to entry and competition Total BEEP indicator 1 0,5 1 1,5 2 2,5 3 3,5 4 4,5 Policies more burdensome to entry and competition Total BEEP indicator

9 Countries having stringent environmental regulations tend to export environmental products relatively more. ECONOMIC OPPORTUNITIES AND TRADE-OFFS OF GREEN GROWTH 9 What impact do stringent environmental policies have on trade in environmental goods?

10 DRIVING GREEN GROWTH THROUGHOUT THE ECONOMY 10 OECD s Green Growth Strategy

11 11 PRESENTATION Towards Green Growth? Official Launch of the OECD's Tracking Progress Report Nathalie Girouard Head of the Environmental Performance and Information Division OECD July 27, 2015

12 GREEN GROWTH TIMELINE 12 July 2015

13 GREEN GROWTH STRATEGY IN

14 TOP 8 CHALLENGES 14 Challenge 1: Challenge 2: Challenge 3: Challenge 4: Challenge 5: Challenge 6: Challenge 7: Challenge 8: Shifting the tax burden in favour of environmentally related taxation Implementing pricing instruments for transport, waste and water Implementing an explicit price on carbon Effectively managing subsidies to promote green technologies/ phasing-out environmentally perverse subsidies Supporting green infrastructure development Orientating innovation system for green growth Eliminating environmentally-harmful discrepancies in tax systems. Accelerating energy efficiency improvements

15 TREATMENT OF GG POLICY ISSUES IN COUNTRY REVIEWS 15

16 16 GREEN GROWTH INDICATORS NUMBER OF REFERENCES TO INDICATORS

17 GREEN GROWTH RECOMMENDATIONS 17

18 THE GREEN GROWTH STRATEGY IN

19 NEXT STEPS: 19 Enhance understanding of complementarities and Trade-offs between economic and environmental goals, to better integrate environmental priorities into structural economic reform priorities Enhance public trust in green growth by effectively addressing social impacts of reform, in OECD countries as well as developing and emerging economies Ensure that environmental policies are coherent and aligned within and across sectors

20 60 estimated number of jurisdictions that have or are considering carbon pricing NEXT STEPS: 20 Consider the ocean economy and mining in gearing sectoral policies for green growth Factor in the particular set of challenges and opportunities green growth represents for developing and emerging economies Use headline indicators to raise awareness, measure progress and identify opportunities and risks

21 Discussant: Kevin Urama Inaugural Managing Director, Quantum Global Research Lab

22 MEASUREMENT: What indicators are being used to measure progress in green growth at local, national, regional and international levels? Implementation: Are there concrete examples of green growth policy implementation? Do we have empirical evidence that green growth policies are delivering intended outcomes? Q&A Themes Finance: Is there data on the amount invested by countries in green growth and the return on this investment? Is this something that could be tracked? Political Will: Is there highlevel commitment to green growth? If so, what do you see as the practical implications of this commitment?

23 Thank you for attending this webinar on Towards Green Growth? Official Launch of the OECD's Tracking Progress Report This webinar was recorded and will be uploaded to the GGKP website: If you have any further questions about the webinar please The GGKP asks you to complete a survey which will be sent out after this webinar.