OECD COP28 Virtual Pavilion

Tracking progress towards Paris Agreement goals in the context of the energy crisis

Dec 11, 2023 | 2:00 PM - 3:30 PM


Governments have been raising their climate mitigation ambition through a variety of adopted or planned mitigation policy approaches. The recent energy crisis however has brought new challenges to governments in progressing towards the energy and climate transitions while ensuring energy security and affordability. Policies to shield households and firms from the energy crisis implemented by governments may not all be in line with mitigation policies. How successful have governments been progressing towards their net-zero goals during the energy crisis and how can this be tracked? What are the policy packages that will help countries reach climate and energy goals while ensuring affordable energy for all? What types of policy measures can accelerate green investments, while maintaining incentives for energy savings and encouraging energy diversification? As energy price volatility may be here to stay, OECD and external experts will share views on how governments can effectively advance towards their long-term mitigation goals amidst competing short-term priorities and energy market turmoil. Experts will identify measures that can both help to meet climate goals and increase the resilience to future energy price shocks.

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