The transition to a decarbonized economy will create new economic and social development opportunities, but also pose new risks and losses. How these risks and opportunities are mitigated and distributed among different communities and regions will determine if the transition to low-carbon and resilient economy is just.
To better plan for a just transition, the Climate Investment Funds (CIF) has launched two new tools: the Just Transition Planning Toolbox and the ReACT Tool. The Just Transition Planning Toolbox provides a practical guide to planning transitions that are equitable and inclusive, including key concepts and activities along with more than 250 real-world examples and ‘how to’ resources. The ReACT Tool offers a preliminary, step-by-step assessment to identify the most suitable coal power plants (CPPs) for early retirement and an evaluation of potential options to repurpose a selected CPP using a range of climate-smart alternatives.
This session will provide a demonstration of both tools. MDB and country partners will discuss how these tools are being discuss how they are using these tools to inform just transition planning in various contexts.
• CIF Just Transition Framework • Lessons from CIF Just Transition Case Studies • Just Transition Planning Toolbox Demo • Just Transition Pilot Projects
03:26 PM - 03:34 PM
IDB Just Transition Overview & Reflections on Toolbox
• IDB Just Transition Guidance • Reaction to Just Transition Planning Toolbox • Collaboration with CIF on Just Transition Bolivia Case Study
03:34 PM - 03:42 PM
AfDB Just Transition Overview & Reflections on Toolbox
• AfDB Just Transition Policy & Activities • Reflection on Just Transition Planning Toolbox • Collaboration with CIF on Just Transition
03:42 PM - 03:52 PM
Audience Q&A
Part 2: Coal Transition – Technical Approaches
03:52 PM - 03:55 PM
Introduction and Context Setting
• Agenda • Speakers Introduction
03:55 PM - 04:10 PM
CIF ReACT Tool Demo
• Overview of ACT Program • ReACT Tool Demo
04:10 PM - 04:18 PM
Country Context & Reflections on ReACT Tool
• Notes from South Africa • Reflections on ReACT Tool, and its Role in Preliminary Assessment of Potential Repurposing Solutions
04:18 PM - 04:26 PM
World Bank Coal Transition Overview & Reflections on ReACT
• Experience with Repurposing Coal Assets with Climate-Smart Alternatives • Reflections on ReACT Tool