OECD Green Growth Strategy SELA Regular Meeting of the Latin American Council Caracas, Venezuela 21 October 2011. Nathalie Girouard Coordinator, OECD Green Growth Unit. The Green Growth Strategy.
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OECD Green Growth Strategy
SELA Regular Meeting of the Latin American Council
21 October 2011
Coordinator, OECD Green Growth Unit
Green growth means fostering economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies. Catalyses investment and innovation underpinning sustained growth and gives rise to new sources of growth.
Expanding economic opportunities for a growing global population
Reducing risks of negative shocks to growth
Source: World Bank
Premature deaths from PM10 exposure(per million inhabitants)
Pressures on natural capital
By 2030, business as usual:
Land at risk of erosion + 17%
Water scarcity +30%
% mean species abundance loss
Need for a tailored approach
Capital stock shares
Source: Arrow et al (2009) in NBER WP 16599
Two sets of policies:
Revenue, % of GDP
Source: OECD/EEA database on instruments for environmental policy.
Income gains from unilateral fossil fuel subsidy removal (% change in household income vs BAU)
US$ 557 bn (2008) US$ 312 bn (2009)
emerging & developing country fossil fuel consumption subsidies
10% less GHG emissions globally with removal of fossil fuel subsidies
developed country subsidies
USD 115 billion, 2009 investment in renewables
Source: Joint OECD/IEA analysis
Source: OECD analysis, based on IEA data
Global investment 2010-2030(USD millions)
North-South investment flows, USD billions (2008)
Source: updated from Corfee-Morlot et al. 2009; OECD calculation based on OECD DAC-CRS, UNCTAD WIR (2010), World Bank (2010)