Stakeholders in the Just Transition n°3

This third article in our series entitled «Stakeholders in the just transition» highlights the need for financial institutions to integrate the concerns of territories and local communities into their Just Transition strategies.

Taking into account the issues of territories and local communities is essential to ensure a just transition, that is chosen and equitable, and not suffered by the greatest number. Given the economic, social and environmental disparities observed locally, some people will be more affected than others. Some territories are already socially weakened by the energy transition, especially those structured around fossil fuels. Therefore, to be just, the transition must look at its consequences for each territory, in order to benefit from its geography, its economic and social assets and its specificities, to create new opportunities where current jobs are threatened.

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