Category: Human & labour rights
UK initiative hopes to feed into COP26 in November UK initiative hopes to feed into COP26 in November UK initiative hopes to feed into COP26 in November
The UK Parliament has launched an investor-backed inquiry to ensure a just transition to Net Zero, as the country’s development bank collaborates on ‘just transition finance roadmaps’ in South Africa and India.
The concept of a just transition - action to address the impact that decarbonisation will have on workers and communities in carbon-intensive sectors - is steadily climbing up the political and financial agenda, as countries bring in serious plans to achieve Net Zero.
While shifting to net zero has the potential to create jobs and drive economic growth, some workers and communities in industries such as Oil & Gas, risk being left behind.
It is a politically charged topic, with Texas senator Ted Cruz yesterday claiming that “President Biden indicates he’s more interested in the views of the citizens of Paris than in the jobs of the citizens of Pittsburgh (where energy is a key industry)”, following the announcement that the US wou…