This post is by Nick Robins, professor in practice for sustainable finance at the Grantham Research Institute.
At the UN climate conference last December, 53 countries including the UK, signed the Silesia Declaration fleshing out the commitment to implement the Paris Agreement, by taking into account “the imperatives of a just transition of the workforce and the creation of decent work and quality jobs”. For the Polish host the case was clear: “considering the social aspect of the transition towards a low carbon economy is crucial for gaining social approval for the changes taking place.”
The need for a strong social dimension to climate policy has also been displayed on the streets of Paris, with the initial protests by the gilets jaunes prompted by an increase in carbon taxes. Read more