OECD – Working Together for Better Climate Action

The OECD's October 2024 report, "Working Together for Better Climate Action," emphasizes the necessity of coordinated global efforts to combat climate change. This comprehensive analysis explores the effectiveness of carbon pricing, the impact of policy spillovers, and the alignment of international climate goals. It underscores the importance of harmonizing national policies to prevent negative cross-border effects and to enhance collective action towards emission reduction. The report also examines the role of international organizations in facilitating cooperation and provides insights into the advantages and challenges of carbon border adjustment mechanisms.