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Launch of the Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT)
Nov 15, 2022 | 9:30 AM - 10:30 AM
Nov 15, 2022 | 9:30 AM - 10:30 AM
Description
The public launch of EFFECT will offer the opportunity to present the key highlights of this actionable blueprint for policy makers in fossil-fuel-producer and mineral-rich developing and emerging economies to seize the transformational opportunities and manage the risks associated with the low-carbon transition.
A ministerial panel, involving producer and importer governments, will discuss how EFFECT can be implemented at the country and regional level, based on the shared responsibility between producing and consuming economies to drive systemic change and decarbonisation, while accounting for development priorities of developing economies. The event will build momentum toward the creation of just energy transition partnerships between advanced and developing economies to facilitate deployment of low-carbon technology, progressive fossil-fuel phase-out/down, renewables phase-in and capacity building.
