{"id":57207,"date":"2021-10-27T00:01:00","date_gmt":"2021-10-26T23:01:00","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&#038;p=57207"},"modified":"2023-07-07T03:46:31","modified_gmt":"2023-07-07T02:46:31","slug":"financing-the-just-transition-beyond-coal","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/financing-the-just-transition-beyond-coal\/","title":{"rendered":"Financing the just transition beyond coal"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>The transition to a global net-zero economy will bring profound changes in the energy sector, not least in the emissions-intensive coal industry. This policy brief looks at actions the energy sector and finance are starting take to ensure there is a just transition for affected workers and communities, and how those actions can be scaled up.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Headline messages<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Coal phase-out is essential to decarbonisation but brings transitional problems unless managed well.<\/li>\n\n\n\n<li>To manage risks and deliver positive social impact, climate action in the coal sector will need to be inclusive and consider place-based realities. This is recognised increasingly by governments as well as financial institutions and energy companies, with the momentum around the just transition growing rapidly.<\/li>\n\n\n\n<li>Energy companies have begun to formalise their responses as part of wider climate change strategies. Examples include EDF and &Oslash;rsted, who have been working with trade unions.<\/li>\n\n\n\n<li>The financial sector is also taking first steps to deliver a just transition away from coal. First company assessment initiatives are being developed, which will help financial institutions integrate the just transition into due diligence processes.<\/li>\n\n\n\n<li>To date, engagement with portfolio companies and clients has led to the most tangible results in corporate action. Incorporating the just transition into capital allocation is also gaining traction.<\/li>\n\n\n\n<li>High-level commitments must now be translated into tangible social outcomes and focus on local realities, particularly in emerging markets and developing countries.<\/li>\n\n\n\n<li>It will be essential that financial institutions make the just transition a key part of their net-zero plans, adopt a place-based angle, and focus particularly on emerging and developing economies. <\/li>\n<\/ul>\n\n\n\n<p><em>Produced with the <a class=\"link link--external\" href=\"https:\/\/www.poweringpastcoal.org\/\" aria-describedby=\"link-description-new-window\" target=\"_blank\" rel=\"noopener\" title=\"\">Powering Past Coal Alliance&#65279;<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" role=\"img\" aria-hidden=\"true\"><path d=\"M14.42 1.04L3.2.7a.8.8 0 00-.8.76v.1a.8.8 0 00.76.7l9.39.3L.93 14.16c-.3.3-.3.8 0 1.1l.09.08c.3.23.73.2 1.01-.07L13.65 3.65l.29 9.4a.8.8 0 00.8.76.79.79 0 00.77-.8L15.17 1.8a.82.82 0 00-.75-.76z\" fill=\"#2e3152\"><\/path><\/svg><\/a>.<\/em><\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>This policy brief looks at actions the energy sector and finance are starting take to ensure there is a just transition for workers and communities affected by the transition away from coal, and how those actions can be scaled up.<\/p>\n\n","protected":false},"author":23,"featured_media":57213,"template":"","tags":[4469],"publication-type":[1682],"topic_area":[],"class_list":["post-57207","publication","type-publication","status-publish","has-post-thumbnail","hentry","tag-jtf","publication-type-policy-publications"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":["https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2021\/10\/Financing-the-just-transition-beyond-coal.pdf"],"type":"download","post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["sabrina-muller","nick-robins"],"type":"relationship","post_type":"profile"},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financing the just transition beyond coal - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"description\" content=\"emissions-intensive coal industry. This policy brief looks at actions the energy sector and finance are starting take to ensure there is a just transition for affected workers and communities, and how those actions can be scaled up.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/financing-the-just-transition-beyond-coal\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financing the just transition beyond coal - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"emissions-intensive coal industry. This policy brief looks at actions the energy sector and finance are starting take to ensure there is a just transition for affected workers and communities, and how those actions can be scaled up.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/financing-the-just-transition-beyond-coal\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-07T02:46:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2021\/10\/Darkmoon-Art-Pixabay_excavators-g32a33f216_1920-cropped.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"944\" \/>\n\t<meta property=\"og:image:height\" content=\"624\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/financing-the-just-transition-beyond-coal\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/financing-the-just-transition-beyond-coal\\\/\",\"name\":\"Financing the just transition beyond coal - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/financing-the-just-transition-beyond-coal\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/financing-the-just-transition-beyond-coal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/Darkmoon-Art-Pixabay_excavators-g32a33f216_1920-cropped.jpg\",\"datePublished\":\"2021-10-26T23:01:00+00:00\",\"dateModified\":\"2023-07-07T02:46:31+00:00\",\"description\":\"emissions-intensive coal industry. 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