JUST TRANSITION
Karl Vella
MENA Climate Week
30 March 2022
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wemeanbusinesscoalition.org
A POWERFUL COALITION OF
LEADING BUSINESS NGOS
Just Transition
The We Mean Business
Coalition partners:
Corporate initiatives are managed
by our Coalition partners, to enable
businesses to rapidly decarbonize at
the pace that science requires.
7X
1X
The We Mean Business
Coalition secretariat:
The central team guiding strategy
objectives, resources,
communications and reporting.
Our vision: a world economy on track to
limit global warming to 1.5
o
C in ways that
deliver sustainable economic growth and
shared prosperity
Our purpose: work with the world’s most
influential businesses to drive collaborative
climate leadership
Our goal: halve emissions by 2030 and
transition to a net-zero economy by 2050
50X
Implementation and Network
Partners
wemeanbusinesscoalition.org
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AMBITION LOOP
Just Transition
The ‘Ambition Loop’ accelerates the rate of change:
CATALYZE BUSINESS LEADERSHIP to accelerate climate
ambition, action, advocacy and accountability
DRIVE POLICY AMBITION AND ACTION by mobilizing the
business voice
HARNESS COLLABORATION by building collaborative
networks that maximize climate action at the highest
level of ambition
https://www.wemeanbusinesscoalition.org/
steps-to-climate-leadership/
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wemeanbusinesscoalition.org
FROM AMBITION TO IMPLEMENTATION
Just Transition
Country NDCs Business SBTs
NDC Strategy or
Implementation Plan
Climate Transition
Action Plan
Ambition
Loop
Global
Stocktake
2022-2023
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wemeanbusinesscoalition.org
NET ZERO TRANSITION AFFECTS ALL SYSTEMS
Just Transition
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wemeanbusinesscoalition.org
THE NET ZERO TRANSITION IMPACTS PEOPLE
Just Transition
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wemeanbusinesscoalition.org
WHAT IS JUST TRANSITION TO BUSINESS
Just Transition
+
Just transition seeks to maximize Climate Action’s contributions toward social inclusion, poverty eradication and
Decent Work, which has four pillars: Employment creation, Rights at work, Social protection, Social dialogue
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wemeanbusinesscoalition.org
THE BUSINESS CASE FOR JUST TRANSITION
Just Transition
Why do businesses incorporate Just Transition into their strategy?
1. To assess and manage non-technical Risks of Corporate Strategy in the Net-Zero
transition.
2. To identify and capitalize on strategic opportunities in the transition.
3. To gain a leading position in an emerging field, with increasing attention from:
a) Investors
b) Public authorities
c) Other stakeholders including customers
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wemeanbusinesscoalition.org
HOW CAN BUSINESS GO ABOUT JUST TRANSITION
Just Transition
The process
The outcomes (benefits)
1. The WORKFORCE:
a) Job Creation
b) Skills Development
c) Social Protection.
2. OTHER STAKEHOLDERS
a) Affordable energy access
b) Robust supply chains
c) Resilient communities
3. The BUSINESS
a) Strategic opportunities
b) Risk management
c) Stakeholder alignment
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EXISTING GUIDELINES AND RESOURCES
Just Transition
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