Understanding countries’ net-zero emissions targets

Abstract

2  COM/ENV/EPOC/IEA/SLT(2021)3 UNDERSTANDING COUNTRIES' NET-ZERO EMISSIONS TARGETS Unclassified OECD/IEA CLIMATE CHANGE EXPERT GROUP PAPERS This series is designed to make available to a wider readership selected papers on climate change issues that have been prepared for the OECD/IEA Climate Change Expert Group (CCXG). The CCXG (formerly called the Annex I Expert Group) is a group of government delegates from OECD and other industrialised countries. The aim of the group is to promote dialogue and enhance understanding on technical issues in the international climate change negotiations. CCXG papers are developed in consultation with experts from a wide range of developed and developing countries, including those participating in the regular Global Forum on the Environment organised by the CCXG. The full papers are generally available only in English.The opinions expressed in these papers are the sole responsibility of the author(s) and do not necessarily reflect the views of the OECD, the IEA or their member countries, or the endorsement of any approach described herein.

A framework to decarbonise the economy

“…Boosting training and skill development programs is crucial to address skill mismatches. Skill transferability suggests that most of the training needed for green jobs may take the form of a 'top-up', allowing already qualified workers to adapt their skills and knowledge to suit green jobs' practices and technologies (Jagger, Foxon and Gouldson, 2014 [181]). In parallel, it is important to target training to low-skilled displaced workers, with sponsored retraining policies to lower costs for and increase participation of low-income groups (Viebrock and Clasen, 2008[182]).…”

Carbon pricing and COVID-19

“…The hybrid system is referred to as a cap and tax system, where power plants are allowed a certain set of emission (the ETS cap), and if exceeded, the carbon tax applies (Reuters, 2021[55]) (Jakarta Globe, 2021 [56]). In advance of its forthcoming ETS, Indonesia launched an ETS pilot during COVID-19 (see section 3.5) (ICAP, 2021 [57]).…”

Assessing the climate consistency of finance

“…The focus was on gross primary investment flows in new infrastructure or equipment and the refurbishment of such assets, and its underlying sources of finance (in the form of grants, debt-, equity-and guarantee-related instruments). Such focus was motivated by an initial scoping paper (Jachnik, Mirabile and Dobrinevski, 2019 [137]) and corresponds to the scope addressed by a range of other country-level analyses (e.g. (Hainaut and Cochran, 2018[144])) and international-level pilot assessments (e.g.…”