Moving towards net zero greenhouse gas emissions by mid-century will require an effective mix of CO2 prices, regulatory instruments and support for innovation and deployment of green technologies. Many agree that the policy instrument mix needs to become stronger and more effective. But where do we stand today? The updated set of the OECD environmental policy stringency indicator gives insights into the effectiveness of environmental policies in reducing CO2 emissions.
In a webinar on 13 October 2023, Erik Frohm (OECD) presented the main results. Nils Meyer-Ohlendorf (Ecologic Institute, Berlin), Milan Ščasný (Charles University Environment Centre, Prague), Felix Schenuit (Stiftung Wissenschaft und Politik, Berlin) and Jakub Sokołowski (Institute of Structural Research, Warsaw) then discussed where Europe, and in particular Germany and CESEE, need to adjust to make their policy mix fit for 55.
The OECD Environmental Policy Stringency index. A country-specific and internationally-comparable measure of the stringency of environmental policy.
Measuring environmental policy stringency in OECD countries. OECD Working Paper (14 March 2022)