The international community has committed in the Paris Agreement to keep global heating well below 2°C and pursue efforts to limit it to 1.5°C. This goal will not be achieved without a substantial reduction in the rate of fossil fuel production and use, and will require most fossil fuel reserves to be left in the ground. Fossil fuel decline would need to be rapid, and would cause major disruption to the fossil fuel industry, including loss of government revenues, cuts to shareholder pay outs and job losses.
This gives rise to questions of how such a decline can be managed in a just manner, that respects the needs of countries, companies and communities that are impacted by such a transition. On 24th June 2021 at 16.00-17.00 CEST the online seminar “Just transitions: managing the fossil fuel decline” will try to delineate some responses and evaluate different perspectives. The seminar is chaired by Yacob Mulugetta, Professor of Energy and Development Policy at the University College London (UCL). The panel features Kate James (UK Department for Business, Energy and Industrial Strategy), Sian Bradley (Chatham House), Adrien Vogt-Schilb (Inter-American Development Bank) and Greg Muttitt (International Institute for Sustainable Development). The interventions of the panelists will be followed by a discussion with Q&A.
More information here.