Aligning short-term climate action with long-term climate goals: Opportunities and options for enhancing alignment between NDCs and long-term strategies

Chiara Falduto and Marcia Rocha
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Chiara Falduto: OECD
Marcia Rocha: OECD

No 2020/02, OECD/IEA Climate Change Expert Group Papers from OECD Publishing

Abstract: The Paris Agreement and its accompanying decision call for Parties to strive to formulate mid-century communicate long-term low-greenhouse gas emission development strategies (LT-LEDS) by 2020. Moreover, the Paris decision requests Parties to communicate a new or updated Nationally Determined Contribution (NDC) by 2020. This paper finds that there is potential for these long-term strategies to guide short- and mid-term action and feed into future NDC submissions. This paper highlights that long-term strategies can substantially shape countries’ short- and mid-term priorities, policies and investment pipelines, leading to significant cost reductions in the long-term. Linking NDCs to long-term mitigation strategies will be key in ensuring efficient use of resources, particularly crucial for responding to climate change amidst and following the COVID-19 crisis.

JEL-codes: F53 Q54 Q56 Q58 (search for similar items in EconPapers)
Date: 2020-06-12
New Economics Papers: this item is included in nep-ene, nep-env and nep-ore
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