--- canonical_url: "https://csls.ca/ipm-archive/ipm-issue-47/climate-change-and-productivity-an-exploration/" title: "Climate Change and Productivity — An Exploration" author: name: "CSLS" url: "https://csls.ca/author/cslc/" date_published: "2026-07-13T08:15:24+00:00" date_modified: "2026-07-17T09:59:35+00:00" post_type: "ipm" summary: "" ipm_issue_period: - "Fall 2024" ipm_keyword: - "climate change" - "energy productivity" - "materials productivity" - "MFP" - "natural capital" - "net zero" - "OECD" - "Pilat" - "Porter hypothesis" - "productivity" - "TPI" ipm_research_theme: - "Well-being and living standards" ipm_country_focus: - "Global" - "International" - "OECD" featured_image: "https://csls.ca/wp-content/uploads/2026/06/IPM_50_banner.webp" status: "publish" --- # Climate Change and Productivity — An Exploration Canonical URL: https://csls.ca/ipm-archive/ipm-issue-47/climate-change-and-productivity-an-exploration/ # Climate Change and Productivity — An Exploration [Download full PDF article](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-47-4-Pilat.pdf) Cite this article × Cite this article as: Pilat, Dirk. 2024. “Climate Change and Productivity — An Exploration.” International Productivity Monitor, No. 47 (Fall 2024): 54–86. https://csls.ca/ipm-archive/ipm-issue-47/climate-change-and-productivity-an-exploration/ ## Author: - Dirk Pilat Economic Analysis and Statistics Division, OECD ## IPM Issue 47 Fall 2024 pp. 54–86 ## Related IPM articles [Is the SNA Still Useful? 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Standard measures of productivity show few signs of a transition to more sustainable growth. Multi-factor productivity growth – the combined efficiency of factors inputs – has been falling at the global level, and the transition to net zero will likely require large investments in resource-intensive fixed capital, and not just intangible and human capital. While energy and materials productivity are improving, global material use continues to grow rapidly. Moreover, although CO2 emissions have decoupled from GDP growth in many advanced economies, the current pace of decoupling is far below what is needed for net zero. The challenge for policy is how to design climate change policies to meet the global objective of net zero while limiting the impacts on productivity growth and living standards. Cet article explore les liens entre le changement climatique et la productivité. Il constate que si le débat a largement porté sur la croissance de la productivité du travail et de la productivité multifactorielle, l’amélioration de la productivité dans l’utilisation de l’énergie et des matériaux est cruciale pour atteindre la carboneutralité et nécessite une attention bien plus grande dans l’analyse de la productivité. Bien que des mesures de productivité complémentaires soient disponibles, celles-ci ne sont pas encore courantes. Les études économiques traditionnelles ont longtemps sous-estimé de façon significative les impacts néfastes du changement climatique sur la croissance et la productivité, tandis que les études actuelles peuvent surestimer les coûts à long terme des politiques climatiques. [Download full PDF](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-47-4-Pilat.pdf)