This article is part of a series in which OECD experts and thought leaders — from around the world and all parts of society — address the COVID-19 crisis, discussing and developing solutions now and for the future. | Originally delivered as a speech by Angel Gurría, Secretary-General of the OECD, to open the 11th Meeting of the Inclusive Framework on BEPS, which took place on 27-28 January 2021. | Looking back at the past 15 years, the OECD’s efforts to transform the international landscape stand out as...

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Eurosystem agrees on common stance for climate change-related sustainable and responsible investment principles for euro-denominated non-monetary policy portfolios Common stance promotes disclosures and understanding of climate-related risks Eurosystem aims to start climate-related disclosures for these types of portfolios within two years The Eurosystem central banks – the 19 national central banks of the euro area countries and the European Central Bank (ECB) – have defined a common stance for applying sustainable and responsible investment principles in the euro-denominated non-monetary...

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Find out about the EU’s circular economy action plan and what additional measures MEPs want to reduce waste and make products more sustainable. If we keep on exploiting resources as we do now, by 2050 we would need the resources of three Earths. Finite resources and climate issues require moving from a ‘take-make-dispose’ society to a carbon-neutral, environmentally sustainable, toxic-free and fully circular economy by 2050. The current crisis highlighted weaknesses in resource and value chains, hitting SMEs and industry. A circular economy will cut...

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Euro area countries have relied extensively on fiscal policy to counter the harmful impact of the coronavirus (COVID-19) pandemic on their economies. They have implemented a broad range of measures, some with an immediate budgetary impact and others, such as liquidity measures, which, in principle, are not expected to cause an immediate deterioration in the fiscal outlook. Since all euro area countries were hit by the economic shock largely through the same channels, their fiscal responses in the early...

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