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European Union

Financing a Water Secure Future

Title Original Language: 
Financing a Water Secure Future
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Date of Editorial Board meeting: 
Publication date: 
Friday, March 4, 2022
Abstract in English: 
This report presents a summary of the key challenges and opportunities related to financing that contributes to water security and sustainable growth distilling insights from the Roundtable on Financing Water and related analyses. It covers a broad range of water-related investments, including water and sanitation services, water resources management, agricultural water and managing water-related risks (“too much”, “too little” and “too polluted”). It summarises findings from analysis of investments needs and financing capacities, trends in development finance for water and explores how water risks generate financial impacts for corporates. The report highlights options to address the financing challenge by strengthening the enabling environment for investment, making the best use of existing sources of finance, strategic investment planning and mobilising additional finance via a range of financing approaches. Finally, the report sets out a vision for future OECD work on financing water and for the Roundtable on Financing Water.
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138
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Rising from the COVID 19 crisis: Policy responses in the long-term care sector

Title Original Language: 
Rising from the COVID 19 crisis: Policy responses in the long-term care sector
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Date of Editorial Board meeting: 
Publication date: 
Wednesday, December 15, 2021
Abstract in English: 
COVID-19 hit the long-term care sector hard. This brief looks at mortality rates in care homes, as well as the policy responses undertaken during the pandemic. The brief assesses the emergency preparedness of the sector and highlights the lessons learned, including policies to reduce isolation, testing strategies, care workforce and co-ordination with the health care sector.
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13
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Carbon pricing and COVID-19: Policy changes, challenges and design options in OECD and G20 countries

Title Original Language: 
Carbon pricing and COVID-19: Policy changes, challenges and design options in OECD and G20 countries
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Date of Editorial Board meeting: 
Publication date: 
Thursday, March 10, 2022
Abstract in English: 
This paper assesses the role of carbon pricing in a sustainable recovery from COVID-19. It tracks the policy changes in carbon pricing within OECD and G20 countries between January 2020 and August 2021 of the COVID-19 pandemic. Carbon pricing as defined here includes emissions trading schemes, fossil fuel support and carbon, fuel excise or aviation taxes. The paper also highlights the need for the recovery to be sustainable and discusses the advantages, limitations and uses of carbon pricing therein. In addition, it describes additional challenges to as well as increased rationale for carbon pricing in the pandemic. It provides evidence on the effects of carbon pricing on the challenges and discusses carbon pricing design elements to help overcome those challenges. The paper concludes that there were more policy changes with an expected negative impact on climate. However, it is likely that the impact of the climate-positive changes – which are broader in coverage and scope - will outweigh the climate-negative changes.
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92
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Global Plastics Outlook

Date of Editorial Board meeting: 
Publication date: 
Tuesday, February 22, 2022
Abstract in English: 
While plastics are extremely useful materials for modern society, plastics production and waste generation continue to increase with worsening environmental impacts despite international, national and local policy responses, as well as industry commitments. The urgent need to make the lifecycle of plastics more circular calls for an expansion of national policies and improved international co-operation to mitigate environmental impacts all along the value chain.
The first of two reports, this Outlook intends to inform and support policy efforts to combat plastic leakage. The report quantifies the current production, use, disposal and key environmental impacts throughout the entire plastics lifecycle and identifies opportunities for reducing the negative externalities. It also investigates how plastics use and waste have been affected by the COVID-19 pandemic across sectors and regions. The Outlook identifies four key levers for bending the plastics curve: stronger support for recycled (secondary) plastics markets; policies to boost technological innovation in plastics; more ambitious domestic policy measures; and greater international co-operation.
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201
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Strategic Foresight Report

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Date of Editorial Board meeting: 
Publication date: 
Wednesday, September 8, 2021
Abstract in English: 
The European Union is charting a strategic path to becoming the first climate-neutral continent by 2050, grasping the opportunities of the digital age, building an economy that works for people, promoting the European way of life, strengthening our unique brand of responsible global leadership, and nurturing, protecting and strengthening our democracy. Openness, as well as rules-based international and multilateral cooperation, are strategic choices. They stimulate prosperity, fairness, stability, competitiveness and dynamism within the EU and beyond. The history of the European project demonstrates the benefits of well-managed interdependence and open strategic autonomy based on shared values, cohesion, strong multilateral governance and rules-based cooperation. The pandemic has only strengthened the case for international cooperation to address global challenges. This 2021 Strategic Foresight Report presents a forward-looking and multi-disciplinary perspective on the EU’s capacity and freedom to act in the coming decades. Based on an expert-led, cross-sectoral foresight process, it presents global trends, uncertainties and choices that will shape Europe’s future. The report provides the context for possible policy responses. It builds on the 2020 Strategic Foresight Report, which introduced resilience as a new compass for EU policymaking. Section II identifies important structural global trends towards 2050 that will affect the EU’s capacity and freedom to act: climate change and other environmental challenges; digital hyperconnectivity and technological transformations; pressure on democracy and values; shifts in the global order and demography. Section III sets out ten areas in which the EU could strengthen its open strategic autonomy and global leadership. The report stresses that the EU’s future capacity and freedom to act will depend on whether the EU is able to make ambitious choices today, guided by its values and interests, across the identified policy areas.
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19
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State of the Union 2021

Date of Editorial Board meeting: 
Publication date: 
Wednesday, September 15, 2021
Abstract in English: 
In her State of the Union address on 15 September 2021, President of the European Commission Ursula von der Leyen outlined flagship initiatives which the Commission plans to undertake in the coming year. They will among others include:
- Continuing the vaccination efforts in Europe and speeding up vaccination globally, as well as strengthening the pandemic preparedness
- Working on closing the climate finance gap, together with our global partners
- Leading the digital transformation that will create jobs and drive competitiveness, while ensuring technical excellence and security of supply
- Ensuring fairer working conditions and better healthcare, and creating more opportunities for Europe’s youth to benefit from the European social market economy
- Stepping up our cooperation on security and defence, and deepening EU’s partnership with closest allies
- Defending European values and freedoms, and protecting the rule of law
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21
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Towards a more resilient Europe post-coronavirus: Options to enhance the EU's resilience to structural risks

Date of Editorial Board meeting: 
Publication date: 
Friday, April 16, 2021
Abstract in English: 
The coronavirus crisis has underlined the need for the European Union (EU) to devote greater efforts to anticipatory governance, and to attempt to strengthen its resilience in the face of risks from both foreseeable and unforeseeable events. This paper builds further on an initial 'mapping' in mid-2020 of some 66 potential structural risks which could confront Europe over the coming decade, and a second paper last autumn which looked at the EU's capabilities to address 33 of those risks assessed as being more significant or likely, and at the various gaps in policy and instruments at the Union's disposal. Delving deeper in 25 specific areas, this new paper identifies priorities for building greater resilience within the Union system, drawing on the European Parliament's own resolutions and proposals made by other EU institutions, as well as by outside experts and stakeholders. In the process, it highlights some of the key constraints that will need to be addressed if strengthened resilience is to be achieved, as well as the opportunities that follow from such an approach.
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Global Energy and Climate Outlook 2020: A New Normal Beyond Covid-19

Date of Editorial Board meeting: 
Publication date: 
Friday, January 1, 2021
Abstract in English: 
This edition of the Global Energy and Climate Outlook (GECO 2020) puts its focus on analysing the impact of the Covid-19 outbreak on the transport sector as a whole. The transport sector has suffered the greatest slump in mobility demand of the history during the lockdown period, while the oil price has plummeted. This report explores the impacts of transport activity trends that may persist in the future from the structural changes induced by the Covid-19 pandemic, as well as of policy initiatives that may be adopted as enabling measures for low-carbon transport. While greenhouse gas emissions in this “New Normal” differ significantly compared to previous projections, the emissions gap towards a 2°C pathway is closed only by some 29%, thereby stressing the need of more ambitious collective action to maintaining global temperature change to well below 2°C.
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80
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GECO2015. Global Energy and Climate Outlook. Road to Paris. Assessment of Low Emission Levels under World Action Integrating National Contributions

Date of Editorial Board meeting: 
Publication date: 
Sunday, November 1, 2015
Abstract in English: 
This report presents the modelling work quoted in the EC communication "The Paris Protocol - a blueprint for tackling global climate change beyond 2020” in the EU’s Energy Union package. It examines the effects of a Baseline scenario where current trends continue beyond 2020, and of a Global Mitigation scenario in line with keeping global warming below 2°C. The analysis uses the POLES and GEM-E3 models in a framework where economic welfare is maximised while tackling climate change. In the Baseline, emissions trigger +3.5°C global warming. In the Global Mitigation scenario, all regions realise domestic emission cuts to stay below 2°C, with various profiles in 2020-2050 depending on their national characteristics. A significant transformation of the energy systems and non-energy measures enable regions at all levels of income to move to a low-emission growth pathway. Sectors linked (directly or indirectly) to carbon-intensive processes adjust their investments to be competitive in a low-emission environment. A significant number of regions draw economic benefits from shifting their expenditures on fossil energy imports to investments. GDP growth rates are marginally affected in most regions by global efforts to reduce emissions. Crucially, high growth rates are maintained in fast-growing low-income regions. Economic costs are reduced further when countries use emission permit auction revenues for other tax reductions. Delaying actions to stay below 2°C add large economic costs.
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182
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