In all parts of the world, people are suffering from the impacts of climate change. So, why is the green transition taking so long? The truth is that many millions of workers depend on the fossil fuel industry for their incomes and livelihoods. For many millions more, fossil fuels are the only realistic chance of getting energy: did you know that 733 million people worldwide are still deprived of their right to electricity?
For one group of policy makers – those who are based in fossil-fuel producing developing countries – going green is particularly difficult. In countries like Nigeria, populations are growing fast and moving into cities, with high demand for energy. Businesses need cheap and reliable access to power to remain competitive in a gloomy global economy. And governments lack the knowhow and financial incentives to shift to greener technologies and reduce carbon emissions.
To achieve “net zero”, fossil fuel producing countries need very specific solutions that can both lower emissions and meet the needs of citizens. At the OECD Development Centre’s High Level Meeting in 2019, its members called for “transformational development strategies” that can help countries strike this balance.
The Centre’s new Equitable Framework and Finance for Extractive-based Countries in Transition, to be launched at the COP-27 Summit in 2022. The aim is to provide policy makers with international support and advice that is more holistic and better tailored to their needs. EFFECT will draw lessons from many years of multi-actor discussions within the OECD Policy Dialogue on Natural Resource-based Development.
EFFECT will not just help countries adopt cleaner ways to produce energy. It will also propose ways for them to
Climate change is one of the defining global challenges of our age. It requires urgent action, and decisions today will affect future generations for decades to come. Yet, it also requires a fair and inclusive dialogue that recognises the needs, responsibilities and capacities of many different countries and players. Promoting good decisions on climate and fostering a dialogue that helps those who need it most -
– this is Development We Can Do Together
To hear world experts discuss next steps for addressing these challenges, join the Centre's #DevTalks on energy access and the low-carbon transition – Thursday, 20 October