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.