Roundtable on Sustainable development : what role for public finance in International Climate change mitigation

Abstract

The OECD Environmental Outlook to 2030 suggests that limiting the global mean temperature increase to less than 3 degrees Celsius could be achieved at a loss of only about 0.1 percentage point of GDP per year on average (OECD, 2008). Market-based instruments are forecast to play a dominant role in any effective strategy that minimises economic costs and enables equitable burden sharing, but in addition to these instruments, climate change negotiators are eying international governmental transfers to support developing countries in their mitigation efforts and encourage technology transfer.