The Climate Action Monitor 2023 Providing Information To Monitor Progress Towards Net Zero

The Climate Action Monitor is a key publication of the International Programme for Action on Climate (IPAC). It provides a synthesis of climate action and progress towards net-zero targets for 51 OECD and OECD partner countries. This year's edition presents a summary of information on greenhouse gas emissions, an assessment of climate-related hazards and recent trends in climate action. Directed towards policymakers and practitioners, the findings suggest that without increased ambition and a significant expansion in national climate action, countries will not be able to meet the net-zero challenge.

The Climate Action Monitor, part of the International Programme for Action of Climate (IPAC), provides a diagnostic policy framework for assessing country progress towards climate objectives. Its goal is to provide a digest of progress towards, and alignment with, Paris Agreement goals to support countries in making better-informed decisions and allow stakeholders to measure improvements more accurately.

The Climate Action Monitor 2022 updates the International Programme for Action on Climate (IPAC) annual comprehensive assessment of country progress towards net-zero goals and the Paris Agreement commitments. This year's edition draws on two new sets of indicators developed by IPAC on climate-related hazards and climate action: climate hazard and exposure indicators and the climate actions and policies measurement framework.

Russia’s war of aggression against Ukraine has led to higher energy prices and disruptions in trade and supply chains, weighing on economic growth. Economic convergence had already slowed down before the pandemic, calling for accelerating structural reforms. Rising spending pressures related to defence, internal security, health and old age poverty need to be addressed by raising spending efficiency and tax revenue, while the tax burden should be shifted from labour towards other income, property, and environmental taxes. Continuing to improve the capacity of the public sector, fostering investment and innovation and addressing skilled labour shortages are key for raising potential growth. Low credit supply is a main factor for weak investment and should be tackled by fostering competition and deepening capital markets. High informality, which hinders access to finance and distorts the level playing field, should be addressed by reducing labour taxes for low-wage earners, improving tax enforcement and continuing to fight corruption. Strengthening the power of the Competition Council to enforce competitive neutrality of state-owned enterprises and challenge regulation that restricts competition would help to foster business dynamism and innovation. Addressing skilled labour shortages will require facilitating skilled migration and investing more in human capital. SPECIAL FEATURE: RAISING INVESTMENT TO SUPPORT GROWTH

Germany has continued to improve its environmental performance over the past decade. It has ambitious climate targets with the aim to reach climate neutrality by 2045 and achieve negative emissions after 2050.

This report provides a synthesis of the OECD Net Zero+ project, covering the first phase of an ongoing, cross-cutting initiative, representing a major step forward for an OECD whole-of-government approach to climate policy.

This book presents specific case studies of climate finance in the Arctic and examines how the green revolution could be a game changer in this sensitive region. Bringing together contributions from a range of experts in the field, Climate Change Adaptation and Green Finance assesses the costs of inaction versus the costs of action based on case study examples of climate finance and sustainable investment in the Arctic region. The authors draw on data from the Sixth Assessment Report published by the Intergovernmental Panel on Climate Change and respond with a solutions-based framework. This is developed around the notion of a new, carbon-neutral economy in the Arctic and presents methods for unlocking carbon finance and long-term climate investment in the region, such as finance for Arctic entrepreneurs and resilient sustainable investment structures. This volume also looks at the role of finance in meeting the United Nations Sustainable Development Goals and the ways in which innovation in investment will help shape the future of the Arctic. Climate Change Adaptation and Green Finance will be of great interest to students and scholars of climate change, sustainable finance, and sustainable business.

The 2015 Paris Agreement marked a turning point in the global community’s response to climate change. For the first time, almost all the world’s nations put forward specific pledges to cut their greenhouse gas emissions with the aim of limiting global warming to well below 2 ̊C, and ideally 1.5 ̊C. The ten contributions in Climate Policy after the 2015 Paris Climate Conference provide a powerful and scholarly analysis of how this historic achievement came about. With a new introduction providing an update on recent developments, the other chapters in this book were originally published as a special issue of the journal, Climate Policy.