Taking action on climate change will boost economic growth, says OECD
It is economically beneficial for G20 member states to invest in climate protection measures, according to the new report "Investing in Climate, Investing in Growth" by the Organisation for Economic Co-operation and Development (OECD), presented at the Petersberg Climate Dialogue in Berlin. Combining climate policies such as carbon pricing with supportive economic policies could add one percent to average G20 members' economic output by 2021. German state secretary in the environment ministry Jochen Flasbarth pointed out that what was "new" about this report was the fact that the OECD was the author; an organisation "known for its robust economic approach". The report was commissioned by the German government under its G20 presidency as input for the climate protection activities.