What it takes to ensure a just transition towards net zero
Financial institutions play a key role in the support of social transitions in communities that need it most
EVIDENCE shows that the shift to a resilient, low-carbon economy will boost prosperity and be a net driver of job creation. The latest report from the New Climate Economy concluded that ambitious climate action would result in a net employment gain of 37 million jobs across the global economy by 2030.
However, what is becoming apparent is that these advantages will not be equally distributed.
As nations around the world aim to collectively decarbonise key sectors of the economy, it is important not to forget the social implications of such a transition, and the impact it will have on labour markets and workforces.
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