Addressing climate change and environmental sustainability will require accelerated progress in the next decade, if the aims of the Paris Agreement and the Sustainable Development Goals (SDGs) are to be met.
However, rapid change of the speed and scale required will entail challenges. Examples of challenges include regions affected by the decline of fossil fuel sectors which cannot adapt to a greener economy, particularly where workers have few other opportunities; commodity price rises for poorer households linked to climate policy; and in their widest sense, dealing with climate impacts.
Countries and regions will face different impacts depending on their starting point and natural endowments. The costs of the transition fall unevenly and are not well correlated with the benefits. Regions with high greenhouse gas intensity of energy (particularly around coal) are amongst the most vulnerable in terms of decline of jobs and stranded assets.
Concerns over those negative regional impacts have led to a focus on a “Just Transition”, to ensure that the shift towards a climate-resilient and low-carbon economy maximises the benefits of climate action while minimising potential negative impacts on workers and communities in affected regions. A Just Transition encompasses a range of interventions needed to improve the social acceptability of climate policies and regulations to secure jobs and livelihoods when economies are shifting toward sustainable economic models.
To initiate the JTI, the EBRD is working with a number of countries to plan how the Bank can provide support, from a policy / capacity building perspective (such as including Just Transition into the Green Cities GCAP process) as well as future investments. The key part of this initial engagement is to conduct a Just Transition Diagnostic Study. The EBRD is working with other agencies on the topic of just transition (such as the EU and World Bank) on developing studies for a number of countries in the Western Balkans Region. This is part of the coordination framework set out for the Coal Regions in Transition Platform for Western Balkans and Ukraine, where EBRD leads the financing component.
After consultations with the Government, The EBRD will undertake a Diagnostic Study for Serbia – and will coordinate its input with its partners in the region for maximum impact.
The Study will provide the Government of Serbia with relevant analysis on how a green economy transition in Serbia can be accelerated while also managing the social and economic effects of the transition, focusing on the regions, industries, communities and workers who will face the greatest challenges. The analysis will provide the Government with four key outcomes
(1) Analysis of the economic, social and environmental situation assessed at local and national level;
(2) Analysis of the financial, economic, social, gender, health and environmental impact of a green transition;
(3) A set of budgeted actions to support a Just Transition in Serbia elaborated; and
(4) A Just Transition Action Plan that will include recommendations for enhanced institutional and governance structures, required policy reforms to support a Just Transition; and a pipeline of potential targeted investments.
Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.
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Access to Information Policy (AIP)
The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.
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Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email firstname.lastname@example.org to get guidance and more information on IPAM and how to submit a request.