In its first environmental strategy to be adopted later this month, the Organization for Economic Cooperation and Development is expected to embrace a five-point plan calling for members to slash subsidies that hurt the environment and introduce incentives to stem environmental damage.
The "OECD Environmental Strategy for the First Decade of the 21st Century" is designed, as the name suggests, to set the direction for environmental policy for the OECD's 30 members for the next 10 years.
It is a daunting task, as the plan, which includes cuts to energy, farm and other subsidies so prices more accurately reflect environmental impacts, aims to steer members toward a more sound pattern of development.