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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.

English Also available in: French

Renewable energy and economic transformation in Africa

Economic transformation can help reduce poverty and inequality in Africa, where strong growth over the last 30 years has failed to significantly increase household incomes, create jobs for its rapidly growing youth population and build resilience to shocks. This chapter discusses how the transition to green energy can accelerate and reinforce economic transformation in African countries, enabling them to diversify production and enhance export competitiveness, leverage their abundant renewable resources to fuel job creation, and use their massive carbon stocks to participate in carbon markets and increase the flow of climate finance. Recognising persistent capacity and other constraints, the paper concludes with recommended priority actions for OECD countries, African governments and the African Union.

English Also available in: French

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