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Towards Green Growth?

Tracking Progress

image of Towards Green Growth?

The 2011 Green Growth Strategy provided initial guidance to governments on how to achieve economic growth and development, while preventing costly environmental damage and inefficient resource use. What progress have countries made in aligning economic and environmental priorities since 2011? This report attempts to evaluate this progress and highlight where there is broad scope to heighten the ambition and effectiveness of green growth policy. It draws lessons from green growth mainstreaming across the OECD’s work programme, notably in terms of how governments can maximise institutional settings to seize economic opportunities surrounding the transition to a green economy, and considers ways to enrich the Green Growth Strategy based on work undertaken since its launch.

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Country efforts to implement green growth

This chapter provides a preliminary assessment of the major challenges to implementing green growth policy frameworks at the national level. The challenges are derived from the green growth policy recommendations contained in the country surveillance work that the OECD has completed since the release of the 2011 Green Growth Strategy (Economic Surveys, Environmental Policy Reviews, Investment Policy Reviews and Reviews of Innovation Policy). The most common green growth challenges relate to: implementing market instruments to price pollution and natural-resource use; orienting tax systems to advance green growth; designing environmentally relevant subsidies; and gearing sectoral policy towards green growth. The challenges are not exhaustive, but provide useful lessons for governments on how to accelerate and improve green growth policy implementation, and allow for the identification of a number of broader observations on country experience to date.

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