Today, many parts of the world are undergoing industrial change, particularly as the global agenda to decarbonize our economies gathers momentum. Managing the impacts of these changes is necessary but can be difficult. By looking at historical cases, we highlight some lessons that can help future transitions be less disruptive and more just.
Development finance institutions like the European Bank for Reconstruction and Development (EBRD) have an important role to play helping carbon-intensive regions with major economic and social transitions. SEI collaborated with the EBRD to examine some previous cases of industrial decline and consequent socio-economic change – in the United States, Australia, United Kingdom and South Africa – in order to help inform the design of the Bank’s new Just Transition Initiative.
Read more about the EBRD’s Just Transition Initiative here.