Barriers to action: Gaps in financing for a just transition, social protection, and loss and damage in cities

Sandholz, Simone, Mirwald, Magdalena, Abbas, Syed Muhammad Jaffar and Cleetus, Nivya (2024). Barriers to action: Gaps in financing for a just transition, social protection, and loss and damage in cities. C40 Cities Climate Leadership Group, Inc..

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UNU-EHS Policy Reports

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  • Sub-type Policy brief
    Author Sandholz, Simone
    Mirwald, Magdalena
    Abbas, Syed Muhammad Jaffar
    Cleetus, Nivya
    Title Barriers to action: Gaps in financing for a just transition, social protection, and loss and damage in cities
    Publication Date 2024-10
    Place of Publication London
    Publisher C40 Cities Climate Leadership Group, Inc.
    Pages 61
    Language eng
    Abstract The climate breakdown disproportionately affects those who have not only contributed the least to causing it, but who lack the means to address and adapt to it. This necessitates swift decarbonization and a transition towards an environmentally sustainable, low-carbon economy, while simultaneously addressing historic injustices and preventing new ones. This just transition for all is essential to ensuring that the process of greening the economy is “as fair and inclusive as possible to everyone concerned, creating decent work opportunities and leaving no one behind”. A just transition is particularly relevant for cities. Indeed, as home to large parts of national populations, hubs of economic activity, and the closest level of government to their residents, cities are uniquely positioned to lead the way in facilitating a just transition. However, their capacity for planning and financing just transition initiatives – as well as for preparing projects that are eligible for climate finance – could be significantly improved. This report is based on an analysis of funding and financing mechanisms available to cities for just transition programmes and projects. It studies the relevance, suitability, and accessibility of a number of existing funds, and the barriers cities typically face in securing this type of finance. It also highlights how the current lack of integration of just transition principles into finance and access for local governments has a knock-on effect on the ability to plan for and implement inclusive climate action at scale. The report concludes with guiding principles for key actors in the climate finance space to facilitate cities’ access to just transition funding and finance instruments.
    Keyword Climate finance
    Social protection
    Just transition
    Loss and damage
    Climate justice
    Copyright Holder C40 Cities Climate Leadership Group, Inc.
    Copyright Year 2024
    Copyright type Creative commons
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    Created: Wed, 16 Oct 2024, 00:47:19 JST by Aarti Basnyat on behalf of UNU EHS