OECD Economic Growth Report Addresses Environmental Sustainability

12 July 2019: For the first time, the 2019 Organisation for Economic Co-operation and Development (OECD) Economic Growth Report explicitly includes environmental sustainability considerations. Titled ‘Going for Growth 2019,’ the report has an increased focus on reforms to make growth environmentally sustainable. It calls for the better use of environmental taxation, the phase out of agricultural subsidies and environmentally harmful tax breaks, and additional steps to reduce transport emissions, including more investment in better and low-emission public transport.

Overall, the 2019 report finds slow growth, high uncertainty, and rising levels of inequality, and it urges policy makers to take action to achieve stronger, sustainable, and more inclusive growth. The publication underscores that economic growth is weakening at a time when “key forces” such as globalization, digitalization, population aging, and environmental degradation are shaping economic developments. To address these megatrends, it recommends country-specific structural reforms that boost long-term growth, improve competitiveness and productivity, create jobs, and ensure a cleaner environment.

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Posted by admin on Aug 26 2019. Filed under Environmental livelihood. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry