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OECD ready to join climate change fight

BENEDICT TEMBO, Berlin
THE Organisation for Economic Cooperation and Development (OECD) is willing to help Zambia integrate measures to tackle climate change into regular economic policy.

The OECD says integrating measures that tackle climate change into regular economic policy will have a positive impact on economic growth over medium and long terms.

Zambia has embraced long- term mitigation and adaptation plans, including compiling a detailed Nationally Determined Contribution document.
But OECD secretary general Angel Gurria says Zambia should play a major role in taking action on climate change to boost economic growth.
He said here yesterday that OECD will be happy to assist in any way it can.
He spoke on the sidelines of the Petersberg Climate Dialogue after launching a report from a study ‘Investing in climate, investing in growth’.
The study shows that bringing together the growth and climate agendas, rather than treating climate as a separate issue, could add one percent to average economic output in G20 countries by 2021 and lift 2050 output by 2.8 percent.
The report says G20 countries – which account for 85 percent of global gross domestic product and 80 percent of carbon dioxide emissions – should adopt a combination of pro-growth and pro-environment policies in developing their overall growth and development strategies.
This means combining climate policies such as carbon pricing with supportive economic policies to drive growth centred on investment in low emission, climate resilient infrastructure.
The report says infrastructure investments made over the next 10 to 15 years will determine whether the 2015 Paris Agreement’s objective to stabilise the global climate can be achieved or not, and delaying action will be more costly.

 

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