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For the first time in its history G20 Members have agreed a comprehensive stand-alone Tax Declaration, reflecting the transformational achievements of international tax cooperation to date, the importance of that cooperation and its commitment to continue to carry it forward.
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About 20% of the workforce is in jobs that will likely expand due to the net-zero transition
Jobs will be lost in the shrinking greenhouse gas-intensive industries, while many others will be created in expanding low-emissions activities. About 20% of the OECD workforce is employed in green-driven occupations that will likely be positively impacted by the climate transition. This includes jobs that directly contribute to emissions reductions and also those that produce intermediate goods and services for environmentally sustainable activities. High-skill green-driven jobs usually pay higher-than-average wages, but low-skill green-driven jobs tend to have worse job quality than other low-skill jobs, suggesting that these sectors may be a relatively unattractive option for low-skilled workers.
Workers in shrinking high-emissions industries – which account for 80% of all greenhouse gas emissions but only 7% of employment – face 24% larger earnings losses on average during the six years following a mass layoff than in other industries. Women are less likely to work in green-driven occupations but, at the same time, men are more likely to work in declining high-emissions sectors.
Policies should help facilitate job transitions and accompany workers towards new opportunities in green-driven jobs while mitigating earnings losses of displaced workers. Developing skill assessment and anticipation exercises that incorporate the potential effects of the transition is crucial. Strengthening career guidance by enhancing its quality and coverage, and raising awareness of potential opportunities, are also essential steps to connect workers with training and career openings resulting from the net-zero transition.
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Artificial intelligence (AI) is a transformative technology capable of tasks that typically require human-like intelligence, such as understanding language, recognising patterns, and making decisions. AI holds the potential to address complex challenges from enhancing education and improving health care, to driving scientific innovation and climate action. But AI systems also pose risks to privacy, safety, security, and human autonomy. Effective governance is essential to ensure AI development and deployment are safe, secure and trustworthy, with policies and regulation that foster innovation and competition.Learn more
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Analysis and insights for driving a rapid transition to net-zero while building resilience to physical climate impacts.Learn more
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The OECD designs international standards and guidelines for development co-operation, based on best practices, and monitors their implementation by its members. It works closely with member and partner countries, and other stakeholders (such as the United Nations and other multilateral entities) to help them implement their development commitments. It also invites developing country governments to take an active part in policy dialogue.Learn more
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Despite progress in recent years, more work needs to be done across all OECD countries to secure gender equality, with women and girls still facing inappropriate disadvantages and barriers in most spheres of social and economic life. Gender equality must remain a priority, as a matter of basic human rights and long-term economic wellbeing and prosperity. It drives economic growth, strengthens democracy, enhances social cohesion and increases the well-being of all members of society.Learn more
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About 70% of international trade involves global value chains (GVCs), as services, raw materials, parts, and components cross borders – often numerous times. A strong trend has emerged towards the international dispersion of value chain activities such as design, production, marketing, distribution, etc. This emergence of GVCs and increased interest in their sustainability and resilience requires analysing supply chains as a whole and developing policies around them.Learn more
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In today’s globalised world, it is crucial that tax administrations work together to ensure the right amount of tax is paid to the right jurisdiction. The OECD is at the forefront of international efforts to use enhanced transparency and exchange of information to put an end to bank secrecy and fight tax evasion and avoidance.Learn more
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Press release22 July 2024
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youtube.com20 June 2024