Delivering the promise of a global Just Transition
Securing prosperity and decent jobs while delivering on the goals and objectives of the Convention and its Paris Agreement is the crux of just transition ambition. But not all countries and regions are equally placed to turn climate action into an economic and social development opportunity. The means of implementation – finance, technology and capacity – of this mission-driven project are out of reach for many developing countries. On top of challenges such as expanding energy access and sustaining fiscal stability, developing countries are now facing new transition risks such as stranded assets and negative spillover effects from climate action in advanced economies.
How can a just transition not only contribute to ambitious climate action but also to social and economic benefits for all?
What sort of cooperation is needed to make sure every nation and region can deliver a just transition according to its own needs and conditions?
What are the potential financing frameworks needed to support just transitions in developing countries including the scale and nature of instruments, key actors, and systemic global financial reforms?
What are the employment opportunities and costs of a shift to renewable energy in developing countries?
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