Towards Green Growth? Tracking Progress - Key Findings and Recommendations

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Ensure that environmental policies are coherent and aligned within and across sectors

Assess sectoral and issue-specific policy to ensure policies are internally coherent. The OECD’s Taxing Energy Use provides a starting point to assess government fiscal policy.

Assess issue- and sector-specific policy to ensure policies are aligned across sectors. The OECD’s Aligning Policies for the Transition to a Low Carbon Economy project provides a starting point with respect to climate policy.

Consider further work to help governments align policies within and across sectors. One potential example is work to assess policy alignment for biodiversity conservation and sustainable use across sectors such as agriculture, tourism and fisheries.

Redouble efforts to eliminate the USD 640 billion support for fossil fuels currently being spent by governments.

Reinvigorate efforts to gear innovation systems to both accelerate and direct innovation to green technologies and processes. The primary mechanism to advance this effort at the OECD will be the forthcoming 2015 Green Growth and Sustainable Forum, on “Enabling the Next Industrial Revolution: systems innovation for green growth”. The process to revise the Innovation Strategy is also relevant.

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Consider the ocean economy and mining in gearing sectoral policies for green growth

Advance work to consider green growth issues related to emerging ocean industries and mining.

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Use headline indicators to raise awareness, measure progress and identify opportunities and risks

Continue to advance methodological development of the green growth headline indicators and broader green growth indicator set.

Continue to improve measuring of natural capital stocks in physical and monetary terms, including measurement of land and natural resources with a view to implementing key aspects of the System of Environmental-Economic Accounting (SEEA).

Further develop sectoral indicators.

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Factor in the particular set of challenges and opportunities that green growth represents for developing and emerging economies

Explicitly identify the inter-linkages between the OECD Green Growth Strategy and the OECD Development Strategy and advance knowledge of the different sequencing and mix of green growth policy instruments needed in developing and emerging economies.

Incorporate environmental considerations into the economic and governance policy advice the OECD provides to developing and emerging economies, including through relevant peer review processes, the Global Relations Strategy and OECD regional programmes.

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