The urgency of now: COP 21 and beyond

Tue 02 June 201513h45 – 15h15 Blue Amphitheatre Parallel session

OECD work on Climate change

The international community has agreed to limit the average global temperature increase to no more than 2ºC above pre-industrial levels. There is precious little time before we hit that mark. Effective climate action means having policies pointing in the same direction. Addressing misalignments will require a concerted whole-of-government effort to map climate policy instruments and underlying policy frameworks that could help or hinder the transition to a low-carbon economy. Over the next 20 years, experts estimate that more than USD 50 trillion must be invested to move towards a low-carbon economy. Climate friendly investment in infrastructure is essential to reduce current emissions trajectories. Mobilising private finance will be critical–industry needs a predictable policy framework that provides certainty for future investment. Some of the questions that will be addressed:

How do we align policies and regulatory frameworks that are at odd with climate policies?
What is the role of ministries with portfolios situated outside the traditional climate agenda?