The UK’s Transition Plan Taskforce (TPT) has been urged to make an explicit acknowledgement of the importance of supporting the just transition to net zero and provide guidance for those preparing transition plans to set policies, and measure and disclose the risks and opportunities that their transition plans might generate for workers, suppliers, consumers and communities. The call has been made in a consultation response to the TPT from the London School of Economics’ Grantham Research Institute on Climate Change and the Environment, on behalf of the Financing a Just Transition Alliance, a group of over 50 banks, investors and financial institutions that have joined forces with universities and trade unions to help the financial sector contribute to a just transition. The consultation response includes details on why transition plans should incorporate the just transition and how transition plans could incorporate the just transition. Last October, the institute published guidance to financial institutions on how they can incorporate consideration of the social dimension of climate action within their net zero transition plans.
Call for UK Transition Plans to be Just
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