Documents Daley, Freddie 2 results

"Just transitions to a greener economy need to be governed and regulated, and there is a variety of multilateral and international institutions with responsibilities for finance, labour and technology development. Based on a analysis of some of the key actors in this space — such as the IMF, ILO and IRENA — we identify a series of ‘gaps' in how just transitions are defined, promoted and financed. This creates an increasingly fragmented landcape of international policy advocacy, making it more difficult for national governments to navigate the complexity of just transitions. This also makes future-oriented policies that aim at shared prosperity and sustainability more challenging, while largely reinforcing a dominant neo liberal and financialised economic growth model. For global institutions to play a more active and inclusive role in supporting just transitions in the context of uneven development and stark global inequalities, they need to address questions of justice head on, and institutions with explicit social and environmental justice goals need to be prioritised"

"Transitions away from fossil fuels need to be governed, financed, regulated and coordinated, patterns of production and innovation need to be steered and shaped by rulemaking bodies at all levels of authority. For this to happen across a highly uneven international system, global institutions have a vital role to play in supporting and implementing just transitions (JTs) that align with principles addressing the procedural, distributional, intergenerational and recognition-based aspects of justice and which help to address the temporal and spatial aspects of transitions. In this paper, we review the ways in which global institutions are involved in the governance of JTs. We illustrate the roles these institutions are playing through three key areas vital to JTs: the (i) governance of finance (ii) labour protection and (iii) mobilising alternatives. To make sense of the diverse and uneven nature of these engagements and their implications, we explore in turn four key gaps in the way global institutions are approaching the issue of JTs."