Presentation- Fourth meeting of the Task Force on Climate Change Adaptation - Overview of the Horizontal Project on Climate and Economic Resilience, Andrew Prag OECD

1. 2021-22 OECD Horizontal Project:
Building Climate and Economic Resilience
in the Transition to a Low-carbon Economy
Andrew Prag
Taskforce on Climate Change Adaptation
7 March 2022
Overview of the Horizontal Project on
Climate and Economic Resilience

2. The Environment Policy Committee (EPOC) leads the project,
with key contributions from the following Committees:
• Economic Policy Committee (EPC)
• Public Governance Committee (PGC)
• Committee for Agriculture (COAG)
• Development Assistance Committee (DAC)
• Regional Development Policy Committee (RDPC)
• Insurance and Private Pensions Committee (IPPC)
• Committee for Scientific and Technological Policy (CSTP)
• Committee on Industry, Innovation and Entrepreneurship (CIIE)
• Committee on Statistics and Statistical Policy (CSSP)
• Committee on Fiscal Affairs (CFA)
• Investment Committee (Working Party on Responsible Business
Conduct, WPRBC)
An OECD “horizontal project”:
leveraging breadth and depth of expertise
2
13
committees
11
directorates

3. 2
Objectives and structure of the project
• Ensuring that climate change is at the heart of thinking on economic resilience in a
rapidly changing world
• As climate risks rise, recognising that climate cuts across all policy areas, requires
systems thinking and a better understanding of non-linear effects and tipping points
• A key part of the new OECD-wide approach to climate: drawing on OECD’s full multi-
disciplinarity to develop concrete policy recommendations across four modules:
1.
Reframing the
climate
challenge after
COVID-19
2.
Accelerating
the transition
to net-zero
emissions
3.
Building
Systemic
Resilience to
climate
impacts
4. IPAC:
Tracking
progress
towards
climate goals

4. 4
Key themes emerging
1.
Reframing the
climate
challenge after
COVID-19
Climate change policy for a
COVID-impacted world
Foresight: mapping interactions
climate with other disruptions
Policy implications of tipping
points & non-linear effects
Need for systems approaches
and systemic resilience
2.
Accelerating
the transition
to net-zero
emissions
Making the transition itself
resilient and durable
New modelling of economic
and fiscal implications
Focus areas on innovation,
just transition, finance,
whole-of-government
approach to climate
3.
Building
Systemic
Resilience to
climate
impacts
Indicators on climate risk
and vulnerability
Losses and damages
Climate risk integration in
finance and insurance
Systems approach to
resilience (e.g. food, cities)

5. • Final synthesis report with a clear narrative, common OECD positions (e.g
on just transition) and key policy recommendations (early 2023)
• Strategic foresight report on potential global disruptions and megatrends
and how they may impact action on climate
• Modelling of macroeconomic and fiscal implications of different
transition pathways
• Framework for OECD-wide approach to a “fair and equitable transition”,
including assessment of skills bottlenecks
• Report on resilience of food systems faced with climate and other
disruptions
• Workshop and Report: Role of cities and local governments in building
climate resilience 5
Examples of outputs from the project