Have You Ever Played Just Transition Bingo?
You’d have been winning points galore in recent days. We’ve seen a raft of announcements in support of a socially fair move towards climate neutrality – a ‘just transition’ – at COP26.
ECO likes it best when words are matched by actions. Luckily, that also seems to be the case. Two years after the launch of the Katowice Declaration in 2019, countries are finally committing to support each other financially to drive just transitions.
However all too often, when ECO looks closely, the details are missing. And we all know that’s where the devil is.
Take the new ‘Global Energy Alliance for People and Planet’ (GEAPP) led by the Rockefeller Foundation. This acknowledges the need to provide technical assistance, regulatory reform support and work with transformative country partnerships, but we need to know how this will work.
And the partnership of the EU, US, Germany, France and UK to help South Africa get out of coal has focused on the money (US$8.5 billion over 3-5 years). We need to know more about the ‘investment framework’ and the conditions for financing.
ECO is adamant that we can’t have a happy and healthy society if our environment is hurting. We need to work on both together.
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