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Hideki Takada and Rob Youngman, OECD Environment Directorate

 

When sixty four% of people in 15 of the G20 countries inside the ITUC Global Poll 2017 need their governments to do extra to sell a just transition to a zero-carbon economy, the mandate is there for governments to act.

The G20 group of countries can set the route thru both man or woman and collective movement. This is a time for leadership, and where there are reluctant leaders other ought to honestly set the tempo.

 

We understand decarbonisation would require a huge shift of funding away from fossil gas and into such areas as renewable electricity, strength performance in buildings and enterprise, electric powered cars and public shipping. A key undertaking for policy makers is to recognize the way to make first-class use of available coverage levers to assist boost up this shift towards low-carbon funding. This consists of facilitating the financing of low-carbon investment, together with financing thru fairness investment or – at the debt aspect – via financial institution loans and bonds.


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