OECD/Development Assistance Committee – Agreement on aligning official development assistance with the Paris Agreement and excluding coal from the scope of assistance
JOINT COMMUNIQUE ISSUED BY THE MINISTRY FOR EUROPE AND FOREIGN AFFAIRS AND THE MINISTRY OF THE ECONOMY, FINANCE AND THE RECOVERY
On the eve of COP26, the biggest donors of official development assistance (ODA), meeting as part of the OECD’s Development Assistance Committee, agreed on 27 October 2021 to more effectively align ODA with the Paris Agreement targets, excluding from the scope of assistance any support for coal without abatement mechanisms, of which the Development Assistance Committee is the guarantor. Twenty-eight members of the OECD’s Development Assistance Committee also pledged to limit support for other fossil fuels (oil and gas) to rare exceptions.
On France’s initiative, the Committee had committed several months previously to a process of greening ODA, in order to put climate and environmental issues at the heart of cooperation and development policies.
France welcomes this agreement by the OECD’s Development Assistance Committee, which is central to the international ambition of accomplishing the transition to a low-carbon world.