Driving Effective And Equitable Public Private Sector Partnerships For A Just Transition Across G20 Countries

In this policy brief IDDRI and WBA explore how G20 countries can enhance the level of public-private collaboration for a just transition in a way that reduces inequalities both within and across countries. The brief builds on existing research conducted by both organisations and proposes specific policy recommendations to the G20. Research from WBA includes an assessment of 308 company just transition plans across multiple economic sectors. It also includes examples of public-private just transition partnerships and a review of how unions, business member organisations and governments can collaborate to drive corporate action. From IDDRI this includes country case studies, in particular lessons learned from current JETPs, IDDRI’s Deep Decarbonisation Pathways Initiative and work conducted in Latin America, the Caribbean and Africa to support national policymaking. This brief builds on this work and delves deeper into the policy mechanisms that can ensure public-private partnerships for a just transition are conducted effectively and equitably. These partnerships are crucial to support international cooperation and build on the strengths of the public and private sectors to deliver a just transition. The brief further provides an assessment of the enabling conditions needed to deliver effective just transition planning, including the need to build greater societal ownership across different stakeholder groups. In particular, the brief reviews national and sectoral pathways (including NDCs and LT-LETDs) that address just transition. In doing so it analyses how these pathways could better support country planification efforts while building links with expectations from the private sector. A key conclusion is the requirement to adopt a needs-based, sector-driven and forward looking approach, which is found to be a major safeguard to align private sector actions with the current climate and development challenges.