OECD report: government’s failing on climate change
Friday 28 September 2018 8:37AM (view full episode)
A new report by the OECD and the World Bank has found the vast majority of nations have failed to take the necessary action to meet their Paris Agreement climate targets.
The preliminary report calls for a rethink on how governments plan new infrastructure in the battle against climate change — that includes harnessing the power of the private sector to finance that infrastructure.
It says a greater commitment is needed to putting a price on carbon and reducing governments’ reliance on revenue from fossil fuels.
It also highlights the need for companies to disclose the financial risks climate change poses to their profits.