Nick Robins: just transitions require multi-party buy ins

Nick Robins, head of the Grantham Institute at London School of Economics and Political Science in an article for the World Economic Forum has argued that stakeholder engagement and “multi-party buy ins” are required for just transition plans to succeed. Robins writes, “the world’s banks, insurers and investors have to make the just transition a core component of their net-zero plans, for example, by ensuring that core labour standards and human rights are applied. Importantly, financial regulators should ensure that reporting requirements for these net-zero plans include expectations for firms to be transparent about their just transition policies and performance”. In the article, Robins also highlights significant investment gaps of a net-zero transition particularly in developing countries, which could be closed if a “system-wide” approach is implemented.