European Union

Abstract
This report examines the effects on greenhouse gases emissions and international energy markets of a Reference scenario where current trends continue beyond 2020, of two scenarios where the UNFCCC Intended Nationally Determined Contributions have been included, and of a scenario in line with keeping global warming below a temperature increase of 2°C above pre-industrial levels. The report presents an updated version of the modelling work that supported DG CLIMA in the UNFCCC negotiations that resulted in the Paris Agreement of the COP21 in December 2015. In the Reference scenario, emissions trigger global warming above 3°C. In the INDC scenarios, regions adopt domestic policies that result in global changes in emissions and energy use, and would result, if pursued beyond 2030, in the long term in a global warming around 3°C; the INDCs cover 28-44% of the cumulated emissions reductions necessary to remain below a 2°C warming. In the 2°C scenario, all regions realise domestic emission cuts to stay below 2°C, with various profiles in 2020-2050 depending on their national characteristics. Reduction of non-CO2 emissions (34%), energy efficiency (20%) and the deployment of renewable energies (20%) are the main options contributing in the mitigation effort by 2030. A significant number of regions draw economic benefits from shifting their expenditures on fossil energy imports to investments in low-carbon and energy-efficient options. Global efforts to reduce emissions appears compatible with robust GDP growth is in most regions – in particular, high growth rates are maintained in fast-growing low-income regions. The analysis uses the JRC-POLES and JRC-GEM-E3 models in a framework where economic welfare is maximised while tackling climate change.

The OECD Digital Economy Outlook 2020 examines trends and analyses emerging opportunities and challenges in the digital economy. It highlights how OECD countries and partner economies are taking advantage of information and communication technologies (ICTs) and the Internet to meet their public policy objectives. Through comparative evidence, it informs policy makers of regulatory practices and policy options to help maximise the potential of the digital economy as a driver for innovation and inclusive growth.
This third edition of the OECD Digital Economy Outlook provides a holistic overview of converging trends, policy developments and data on both the supply and demand sides of the digital economy. It illustrates how the digital transformation is affecting economies and societies. Finally, it provides a special focus on how the COVID-19 pandemic is amplifying opportunities and challenges from the digital transformation.

In immediate responses to the COVID-19 crisis, science and innovation are playing essential roles in providing a better scientific understanding of the virus, as well as in the development of vaccines, treatments and diagnostics. Both the public and private sectors have poured billions of dollars into these efforts, accompanied by unprecedented levels of global cooperation. However, the economic crisis that is currently unfolding is expected to severely curtail research and innovation expenditures in firms, while debt-laden governments will face multiple, competing demands for financial support. These developments threaten to cause long-term damage to innovation systems at a time when science and innovation are most needed to deal with the climate emergency, meet the Sustainable Development Goals, and accelerate the digital transformation. Governments will need to take measures to protect their innovation systems as part of their stimulus and recovery packages, but should also use these as opportunities for reforms. In particular, science, technology and innovation (STI) policy should shift towards supporting a more ambitious agenda of system transformation that promotes a managed transition to more sustainable, equitable and resilient futures.

This Interim Report provides updates for G20 country projections made in the June 2020 issue of OECD Economic Outlook (Number 107).

Close your eyes for a second and think of something that happened over the last 20 years and you would have never expected to occur. Be it the pandemic, smart phones or something else, the truth is that the future likes to surprise us.
Our world is in a perpetual state of change. There are always multiple versions of the future—some are assumptions, others hopes and fears. To prepare, we have to consider not only the changes that appear most probable, but also the ones that we aren’t expecting.
Inspired by the ground-breaking 2001 Schooling for Tomorrow scenarios, this book provides a set of scenarios on the future of schooling, showing not a single path into the future, but many. Using these scenarios can help us identify the opportunities and challenges that these futures could hold for schooling and education more broadly. We can then use those ideas to help us better prepare and act now.
Whether parents or students, teachers or educational leaders, researchers or policy makers, this book has been written for all those who want to think about futures that haven’t occurred to play their part in shaping the future that will.