Development Co-operation Report 2024
Tackling Poverty and Inequalities through the Green Transition
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.
Lessons from OECD countries on just climate transitions
The climate transition fundamentally alters patterns of production and consumption. Its viability and effectiveness depend on navigating disruptions equitably – sharing costs and benefits. This is the essence of calls for a just transition. Drawing on the OECD Horizontal Project on Climate and Economic Resilience (Net Zero+) and other OECD research, this chapter takes stock OECD countries’ experiences with the just transition, how developing countries’ own low-carbon trajectories may resemble or diverge from these approaches and what role development co-operation has to play in supporting a globally just transition that is tailored to each developing country context and a systematic consideration of transnational spillovers of advanced economies’ own climate policies on their developing counterparts.
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