THE Organisation for Economic Cooperation and Development (OECD) announced the creation of the International Programme for Action on Climate (IPAC), led by France.

The objective of IPAC is to offer participating countries a new steering instrument, complementary to and consistent with the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement, to pursue progress towards the transition to net-zero greenhouse gas emissions goal and a more resilient economy by mid-century, thanks to a precise evaluation of their action and the sharing of good practices.

IPAC would leverage the OECD’s proven working methods to develop evidence-based analysis and sharing of good practices and results, building on existing data and indicators, policy tools, advice and guidance developed by the OECD family, including the International Energy Agency (IEA), the International Transport Forum (ITF) and the Nuclear Energy Agency (NEA).

The programme will have an annual climate action monitor that will build on a set of commonly agreed climate-related indicators to chart the countries’ progress towards their climate policy objectives, alignment with the Paris Agreement goals and examples of good practices.

A dashboard of climate-related indicators will be used for benchmarking national efforts and performances and a broader set of indicators will complement the analysis. This will in-turn help in the formulation of concise country notes with targeted policy advice. The country notes will take into account countries’ economic structure, specific social and geographical factors.

The IPAC initiative seeks to be broader than OECD membership. It will be open to OECD key partners, the six prospective OECD members and G20 countries. It will be funded by voluntary contributions. It will be launched during the 2021 OECD Ministerial Council Meeting to be held from May 31-June 1.