The report explores a number of reasons for a framework, including alignment of the objectives of FFSR and just transition and, very importantly, FFSR’s ability to unlock revenues for implementing just transition.
It goes into detail about the various ways in which FFSR can be consistent with just transition. The scale of current fossil fuel subsidies in the world coupled with the massive financial needs for transition are early indicators of the benefits of approaching FFSR with just transition in mind. Leveraging this misspent finance to support just transition is just one of many ways in which these issues can coalesce.
Download pdf