OECD COP28 Virtual Pavilion

Renewables and natural gas: Friends or foes of a just transition in developing countries?

Dec 12, 2023 | 2:00 PM - 3:30 PM

Industrial decarbonisationJust transition Africa

Description

African countries are under increasing international pressure to scale-down and eventually stop using fossil gas as part of their energy mix. During this session, a high-level panel will discuss which role natural gas can play in developing country contexts to ensure that “no one country should ever have to choose between reducing poverty, achieving a green transition and preserving the planet.” (Chair’s summary, Summit for a New Global Financing Pact, June 2023) Building on the OECD Development Centre’s Gas Use Decision Tree Tool (GUDTT) and Scorecard, this session will explore policy tools, mechanisms, and criteria to align gas use with the Paris Agreement, develop credible exit strategies to mitigate lock-in effects and risks of stranded assets, and potentially unlock finance for transitional projects, beyond Official Development Assistance.

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Opening remarks 

Moderated by

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Speakers

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