OECD - Help Green Investment and Finance

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The Organisation for Economic Co-operation and Development (OECD) commits to helping EECCA countries to finance green investments. In particular, the OECD will assist countries to leverage and diversify financing for infrastructure development and green investments, especially to address climate change mitigation and adaptation. This could involve better expenditure management and greening of public finances as well as assistance for developing strategies for green investments in selected EECCA countries. The OECD will work with International Finance Institutions and local banks to enable private-sector investments in green projects. This will enhance EECCA countries’ ability to access finance.

This commitment will contribute to green public finance policy in EECCA countries. It will facilitate the reform of environmentally harmful subsidies and strengthen domestic public finance. OECD will also facilitate access to finance for green investment through better access to private and international financial institutions. This commitment also aims to support countries in developing strategies for green investment and structural reforms.

The commitment is an overarching action and falls under focus areas 2 and 5 to promote the internalisation of negative externalities and the sustainable use of natural capital; and develop clean physical capital for sustainable production patterns.

Implementing partners will collaborate under EU funded EaP GREEN project.

This commitment is relevant to SDGs 6, 7, 8, 9, 10, 11 and 13.