The OECD Secretary-General has published a report on 25 April 2025 addressing G20 finance ministers and central bank governors on the progress and initiatives of the Inclusive Forum on Carbon Mitigation Approaches (IFCMA).
With 60 members and numerous countries engaging as invitees, the IFCMA is bringing together diverse national perspectives and building a common understanding of the broad range of mitigation policies and their effects. The intent is to facilitate more coherent and better-coordinated mitigation policies across countries, helping to avoid negative cross-border impacts such as carbon leakage or trade distortions, while maximising opportunities for innovation, cost savings, and shared benefits from the climate transition.
The IFCMA is enhancing understanding of the full spectrum of carbon mitigation approaches deployed worldwide and their combined global impact by taking stock of different carbon mitigation approaches, mapping policies to the emissions they cover, and assessing their impacts on emissions through modelling and reviewing empirical evidence.
The IFCMA is also identifying and addressing challenges related to the calculation of sector- and product-level carbon intensity metrics, to support the design and evaluation of policies using these metrics, and enable the development of markets for low-carbon goods. This work supports better international coordination to avoid the proliferation of different standards, helps minimise compliance costs for businesses and avoids disruptions to trade.
The IFCMA is set to hold its 5th plenary meeting on 11-12 June 2025. The agenda will focus on cross-border spillover effects, capacity building, and fostering inclusive multilateral dialogue.
