OECD Releases Booklet on Climate Change Mitigation

Climate Change Mitigation: What Do We Do? 28 November 2008. The Organization for Economic Cooperation and Development (OECD) has published a booklet entitled “Climate Change Mitigation: What Do We Do?” that reviews the economics behind climate change mitigation options.

The publication summarizes recent OECD analyses, including on the role

of technological innovation and the impacts of policies to address

carbon leakage. It provides arguments to help policy makers explain why

postponing decisions, using the current financial crisis as an excuse,

is a short-sighted policy. The analysis suggests an ambitious abatement

strategy, allows for “breathing space” during the next 10-15 years, and

stresses that this opportunity must be taken advantage of to avoid a

“price-shock” that would be required if the strategy is delayed. The

analysis indicates that every year of delay reduces this breathing

space while raising the stringency of the measures required to meet the

objective. [The Booklet]