ENERGY - Multilateral Development Banks’ support for a just transition

On 29 October 2021, several Multilateral Development Banks (MDBs) released a joint statement outlining their commitment to five High-Level Principles for a just transition. The principles aim to help guide MDB support for a just transition, and to ensure consistency, credibility, and transparency in their efforts.

date: 15/12/2021

High-Level Principles

The principles provide high-level direction on the aims, approach, scope, scale, outcomes and processes associated with a just transition. They also maintain flexibility for MDBs to tailor their operational definitions and strategies to reflect their mandates, geographies and skillsets, and the context-specific nature of just transition challenges and opportunities.

Learn more:

EBRD has been working with the MDB Paris Alignment Working Group to advance international support for a just transition ahead of COP26

EIB joins fellow Multilateral Development Banks to support a just transition

Collective Climate Ambition – A Joint Statement at COP26 by the Multilateral Development Banks

The joint work of the MDB Paris Alignment Working Group on Just Transition was launched at COP26 via a side event “COP26: MDB Support for a Just Transition: from Common Principles to policy support and finance” organised by the EBRD on 4 November. Watch the event recording here.