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Net Zero+

Climate and Economic Resilience in a Changing World

Climate policy making today demands balancing the need for immediate, accelerated climate action with essential responses to punctual crises such as the COVID-19 pandemic and Russia’s war of aggression in Ukraine. Meeting this challenge requires a new approach centred on systemic resilience and the need to develop future-proof climate and economic policies that will endure potential diverse disruptions. This report offers policy makers a cohesive set of recommendations on how to build such resilience, derived from climate-relevant work from across OECD policy domains including economic and tax policy, financial and fiscal affairs, development, science and technology, employment and social affairs, and environmental policy, among others. It provides fresh insights on how to ensure the transition to net-zero emissions is itself resilient, while simultaneously building resilience to the increasing impacts of climate change. This report provides a synthesis of the OECD Net Zero+ project, covering the first phase of an ongoing, cross-cutting initiative, representing a major step forward for an OECD whole-of-government approach to climate policy.

Published on May 16, 2023Also available in: French

TABLE OF CONTENTS

Preface
Foreword
Executive Summary
Net Zero+: Introduction and extended summary
Climate policy making in a volatile world3 chapters available
Climate system tipping points and the need for urgent climate action
Unpredictable and overlapping global crises: risks and opportunities for climate policy
Systemic resilience: an approach to future-proofing climate action
Accelerating a resilient net-zero transition6 chapters available
A resilience lens on the net-zero transition
Public finance implications of the net-zero transition
The importance of innovation for a resilient net-zero transition
An effective, fair and equitable transition
Aligning finance flows and private sector action with a resilient net‑zero transition
Interlinkages between the net‑zero transition and development
Building resilience to climate impacts4 chapters available
Climate impacts, adaptation needs and limits
Beyond adaptation: Systemic interlinkages with mitigation and other natural systems
Financing adaptation amid increasing climate risks
Building systemic resilience in practice: examples from key systems
Policy recommendations1 chapter available
Policy recommendations for building climate and economic resilience in a changing world
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