This podcast discusses the importance of a just transition in the context of climate change policies and investments and explores the impact of Covid-19 on just transitions.
Government intervention > Other, Regulation
Neha Sharma, Ajay Mathur, Srestha Banerjee, Mike Ward
Center for Strategic and International Studies, Climate Investment Funds (CIF)
Academic/research institution or journal, Development finance institution
As the energy transition in India accelerates, how do decisionmakers ensure that the transition is a just and equitable transition? Neha Sharma, Ajay Mathur, Srestha Banerjee, and Mike Ward look at the underlying drivers of India’s energy transitions, and key considerations for creating a just transition, including the need for fairness and equity, geographic disparities, lack of social mobility, labor policy, and energy access.
Commentary/Guidelines, Strategies and Recommendations
Concessional finance could prove critical for just transitions in developing countries. Multilateral climate funds, with their range of tried and tested financial tools, could help drive a new wave of investments that put people at the center of a net-zero economy.