Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT)
How can fossil fuel producers and mineral-rich developing countries design realistic, just and cost-effective low-carbon transition pathways? Taking into account the heterogeneity of low-carbon trajectories, the Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) pr...
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Format: | eBook |
Language: | English |
Published: |
Paris
OECD Publishing
2022
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Series: | OECD Development Policy Tools
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Online Access: | |
Collection: | OECD Books and Papers - Collection details see MPG.ReNa |
Summary: | How can fossil fuel producers and mineral-rich developing countries design realistic, just and cost-effective low-carbon transition pathways? Taking into account the heterogeneity of low-carbon trajectories, the Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) provides options for policy makers, industry and finance institutions in search of the answers. The report aims to help them seize the transformational opportunities linked to sustainable, low-carbon growth. It identifies ways of mitigating the transition's impacts on fossil fuel industries, workers and poor households, and of preventing the risks of high-carbon lock-in and stranded assets. Recognising the shared responsibility of consuming and producing countries in reducing fossil fuel production and use, EFFECT advocates for transformative partnerships for technology transfer, green finance and capacity building. Ultimately, it supports an equitable sharing of the transition's benefits and costs, both across and within countries |
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Physical Description: | 258 p. 21 x 28cm |
ISBN: | 9789264360761 9789264949096 9789264788350 |