The New Growth Strategy aims to create demand and jobs through regulatory reform and fiscal measures. The Strategy focuses on key challenges, notably climate change and population ageing, which can be turned into sources of growth. Given Japan’s precarious fiscal position, it is essential to co-ordinate spending related to the Strategy with the medium-term fiscal plan, in part by increasing the emphasis on regulatory reform. Such measures should cover the entire economy, rather than being limited to the seven areas identified in the Strategy. Among those areas, effectively promoting green innovation will require market-based instruments to place a price on carbon, preferably through a mandatory and comprehensive emissions trading system, to promote private investment, accompanied by a range of other policies. Achieving deeper economic integration with Asia depends on reducing support for agriculture to facilitate more bilateral and regional trade agreements, while bringing down barriers to foreign direct investment and foreign workers. Policies to expand venture capital would help launch innovative firms.
This is the third review of Mexico's environmental performance. It analyses progress in achieving a range of national objectives and international commitments, and presents 29 recommendations on how performance could be improved. Progress towards a green, low carbon economy is part of the assessment.
Moving towards low-carbon, high-efficiency energy systems, mitigating climate change, securing energy supplies, and resolving the imbalance of payments caused by energy imports, are impending problems that nations worldwide are striving hard to resolve. This paper addresses three aspects of this problem:
- the role of markets, prices, and governments in this energy transformation
- identification of policy interventions that can become productive investments in the future
- the potential for low-carbon, high-efficiency energy to drive green growth
The paper notes that the policy choices for an energy system transformation largely relate to:
This report presents, for the first time a local ‘green growth’ indicator framework. This indicator framework was developed from the OECD ‘green growth’ strategy at the national level, but modified to highlight issues of transition that are most relevant for local areas. The Copenhagen report is the first trialling of this approach, along with an indicator visualisation tool – or dashboard. The dashboard allows easy assessment of the progress of a particular local area in a number of indicator variables.