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Development Co-operation Report 2024

Tackling Poverty and Inequalities through the Green Transition

image of Development Co-operation Report 2024

Faced with multiple priorities, including the imperative of accelerating the global green transition, development co-operation providers are at risk of losing sight of a silent, yet devastating crisis that has been unfolding even before the COVID-19 pandemic: the alarming increase of poverty and inequalities in low and middle-income countries. And yet, not only are ending poverty and reducing inequalities at the core of their mandates, both are also essential to meeting their broader ambitions in terms of sustainable development worldwide. What opportunities – and risks – is the climate priority posing for the fight against poverty and inequality? Can just, green transitions reinvigorate development agendas? How can international development co-operation policy and finance help? Bringing together the latest evidence, data and insights from governments, academia, international organisations and civil society, the OECD Development Co-operation Report 2024 provides policy makers with concrete ways of delivering on their commitments to improve the lives of billions while fostering green, just transitions around the world.

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Overview: Recalibrating development co-operation to tackle poverty and inequalities, including through the green transition

The 2024 Development Co-operation Report addresses three different but connected issues: the shifting patterns of poverty and inequalities, how climate change is exacerbating both, and the potential of green transitions to serve the core mission of reducing poverty and inequalities. This overview highlights new OECD analysis and diverse political, expert, practitioner, and civil society research, data and insights. It provides policy makers with concrete ways of delivering on their commitments to improve the lives of billions while fostering green, just transitions around the world. Ways forward for development co-operation include raising its ambition and focus on tackling rising poverty and inequalities through evidence-based policy solutions, ensuring that development and climate finance are inclusive, equitable, environmentally sound, and are more effectively aligned with the overarching objectives for official development assistance to end extreme poverty and reduce inequalities.

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