The world has seen many transitions in the past, from automation to the decline or relocation of entire industries, leading to job losses and economic hardship. This has created a fear that future transitions will be similarly painful.
Low-carbon energy transitions are already happening in many countries, often due to economic factors or health concerns, but also supported and accelerated by climate change policies. Nevertheless, the actors involved, including governments, businesses, workers, and communities have a tendency to protect the status quo and keep carbon-intensive industries alive.
Early action on a just transition can minimize the negative impacts and maximize positive opportunities. The Paris Agreement on climate change includes just transition as an important principle. Just transition is not a fixed set of rules, but a vision and a process based on dialogue and an agenda shared by workers, industry, and governments that need to be negotiated and implemented in their geographical, political, cultural, and social contexts. It is implemented with a set of guiding principles, such as the International Labour Organization's guidelines for a just transition.
We May Be in Uncharted Waters, But We Aren’t Lost at Sea
When the financial crisis of 2008 hit, governments around the world began structuring stimulus plans. We can learn a lot by looking back at how effective these turned out to be.
We Need a Managed Wind-Down of Fossil Fuel Production
To meet climate goals and avoid further market chaos, governments need to plan the decline of coal, oil and gas production, with support for workers.
How Will the Circular Economy Impact Jobs?
New research digs into some of the possible job impacts if a country like Finland fully embraces a circular economy model.
How Indonesia Can Achieve Both a COVID-19 Recovery and Its Climate Targets
This brief reviews how the Government of Indonesia (GoI) has spent its COVID-19 recovery budget and provides recommendations on its future expenditure.
Measuring Nature for Post-COVID-19 Economic Recovery
In the face of multiple health and environmental crises, the inefficiencies of GDP as the main measure of economic health and government policy are strikingly apparent.
Taxing Coal to Hit the Goals: A simple way for Indonesia to reduce carbon emissions
Taxing coal is a simple and effective means to promote a clean energy transition in Indonesia, and the experience of India demonstrates that it is politically and economically feasible.
Impacts of Climate Change Policies on Developing Country Export Markets
This report reviews existing net-zero commitments and circular economy plans and assesses the potential impact of core components of such policies on developing country exports.
Measuring the Wealth of Nations: A review
This paper provides a brief overview of recent efforts by international agencies and academic institutions to develop and apply comprehensive wealth measurement tools. Our review is limited to examples of comprehensive wealth measurement as applied to several countries, so it does not include work on specific capital estimates, applications to a small number of countries, or theoretical research/framework development.
Canada’s New Nationally Determined Contribution Shows Progress but Misses Key Opportunities
Canada has released a long-awaited update to its Nationally Determined Contribution (NDC), demonstrating greater climate ambition and representing an important step forward as the nation seeks to meet targets outlined in the Paris Agreement.
Building Bridges to a Just Transition: Connecting India's challenges and solutions with international experience
This brief provides an initial assessment of priorities and opportunities for research and information sharing on just transition in India based on a review of international literature and expert interviews.