The IISD’s piece on the new OECD report, Going for Growth 2019, highlights the fact that, for the first time, the report explicitly includes environmental sustainability considerations.
The report 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.
“As growth is slowing down, and new technologies are rapidly transforming our economies, it is urgent to pursue reform efforts to boost inclusive and sustainable growth,” said OECD Secretary-General Angel Gurría, launching the report in the run-up to the 17-18 July meeting of G7 finance ministers in Chantilly, France.
The publication underlines that economic growth is weakening whilst 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.
Access the news piece from IISD through this link.
Access the full report through this link.