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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
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.