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Net Zero+

Climate and Economic Resilience in a Changing World

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Climate policy making today demands balancing the need for immediate, accelerated climate action with essential responses to punctual crises such as the COVID-19 pandemic and Russia’s war of aggression in Ukraine. Meeting this challenge requires a new approach centred on systemic resilience and the need to develop future-proof climate and economic policies that will endure potential diverse disruptions. This report offers policy makers a cohesive set of recommendations on how to build such resilience, derived from climate-relevant work from across OECD policy domains including economic and tax policy, financial and fiscal affairs, development, science and technology, employment and social affairs, and environmental policy, among others. It provides fresh insights on how to ensure the transition to net-zero emissions is itself resilient, while simultaneously building resilience to the increasing impacts of climate change. 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.

English Also available in: French

A resilience lens on the net-zero transition

Achieving net-zero emissions requires a combined focus on accelerating the transition in the near term, making the transition itself resilient for the longer term, and ensuring that the transition serves to improve broader resilience rather than creating new fragilities. This chapter assesses some of the potential bottlenecks that could slow down or derail the net-zero transition, reinforcing the case for taking a resilience lens to the transition as well as the need to better embrace systems-level thinking beyond individual policy approaches and sectors.

English

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