This week the OECD has a once-in-a-decade chance to stop funding oil and gas — it’s time to step up
By Sandrine Dixson-Declève, co-president of The Club of Rome and co-lead of the Earth4All initiative
07 November 2023 — This week, the Organisation for Economic Cooperation and Development (OECD) is meeting in Paris for its annual forum. On the negotiating table is a once-in-a-decade opportunity to end the flow of public money into fossil fuels, but you’d be forgiven for not knowing about it.
The OECD is made up of a group of primarily wealthy countries, who collectively set their own standards around big global issues like tax, trade and the environment. Despite being one of the world’s most influential trade bodies, decisions at the OECD often happen behind closed doors. Members say that this allows them to get on with ‘building better policies for better lives‘ without distraction. The problem is that channelling billions of dollars of public money into fossil fuels each year doesn’t square with that aim.
Democracy & Good Governance 