OECD Publishes Report on the Economics of Climate Change Mitigation

5 June 2009: A new report by the Organisation for Economic Co-operation and Development (OECD) outlines key steps towards the development of a single international carbon price, including phasing out fossil fuel subsidies and expanding and linking regional carbon markets through direct linking of existing emission trading systems, scaled-up Clean Development Mechanism (CDM), use of sectoral crediting mechanisms, and incorporation of the forest sector.

The report, authored by Jean-Marc Burniaux, Jean Chateau, Rob Dellink, Romain Duval and Stéphanie Jamet, further examines the incentives for action, including possible financing flows to support action in developing countries [The Report]