Amendment No. 1 | Doc. 14401 | 09 October 2017

The activities of the Organisation for Economic Co-operation and Development (OECD) in 2016-2017

Committee on Social Affairs, Health and Sustainable Development

Origin - 2017 - Fourth part-session

In the draft resolution, at the end of paragraph 2.2, insert the following words:

", and is targeted with due regard to their international obligations, in particular the Paris Agreement;"

Explanatory note

Developed countries subsidise the fossil fuel industry by paying the cost of externalities (air pollution and climate change) and through preferential treatment, tax breaks or direct subsidies. A fiscal stimulus package may stimulate short-term growth at the expense of long-term sustainable development.