Governments around the world are facing the triple imperatives of reinvigorating growth while improving livelihoods and urgently tackling climate change, in line with the goals of the Paris Agreement. [...] There is a need to accelerate the reform of inefficient fossil fuel subsidies and broaden the carbon pricing base, focusing on tracking the impact and sharing policy experiences. [...] Coherent climate and investment policies, effective fiscal and structural policy settings and reforms must work together to facilitate the transition of exposed businesses and households, particularly in vulnerable regions and communities. [...] Research and development needs to be significantly strengthened and followed by rapid demonstration and diffusion of technological breakthroughs that will reduce and eliminate greenhouse gas emissions from energy, industry and transport, and improve agricultural yields and crop resilience. [...] Investing in Climate, Investing in Growth was prepared by the OECD in the context of the German G20 presidency.
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