1887

Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT)

image of Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT)

How can fossil fuel producers and mineral-rich developing countries design realistic, just and cost-effective low-carbon transition pathways? Taking into account the heterogeneity of low-carbon trajectories, the Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) provides options for policy makers, industry and finance institutions in search of the answers. The report aims to help them seize the transformational opportunities linked to sustainable, low-carbon growth. It identifies ways of mitigating the transition’s impacts on fossil fuel industries, workers and poor households, and of preventing the risks of high-carbon lock-in and stranded assets. Recognising the shared responsibility of consuming and producing countries in reducing fossil fuel production and use, EFFECT advocates for transformative partnerships for technology transfer, green finance and capacity building. Ultimately, it supports an equitable sharing of the transition’s benefits and costs, both across and within countries.

English

Overview: Context, guiding principles and key policy recommendations

The Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) provides action-oriented recommendations for fossil fuel-producer and mineral-rich developing economies, industry, and financial institutions to enable a just transition to a low-carbon future. While there has been a strong push towards achieving net-zero at a global level, little attention has been paid to “how” fossil fuel-producer developing countries can undertake a managed decline of production and use in a way which safeguards the rights and interests of their citizens.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error