Po s i t i o n Paper - JUST TRANSITION

As noted in the decision text, the objective of the JTWP shall be the discussion of pathways to achieving the goals of the Paris Agreement outlined in Article 2, paragraph 1, in the context of Article 2, paragraph 2”.1 The work programme will also inform the second global stocktake (GST) and other relevant processes, including the annual high-level ministerial round table on just transition.2 The. [...] Towards this, the first dialogue on the work programme is being held in Bonn Germany in June (2nd and 3rd) 2024, under the guidance of the Chair of the Subsidiary Body for Scientific and Technological Advice (SBSTA), and the Chair of the Subsidiary Body for Implementation (SBI). [...] The opportunities, challenges, and barriers to just transition that are outlined below are in the context of Global South countries that need to plan and implement a just transition in the next 30 to 40 years to collectively address the climate crisis. [...] Another example is the understanding and quantification of the impact of the energy transition on the workers and the local economy, especially the induced economy in the fossil fuel regions. [...] v) Unlocking the potential of risk-informed public and private sector financing to build community resilience and minimize losses to the economy and the local community in the event of a crisis.