G20 Finance Track Tackles Just Transition

The G20 Social at the Finance Track and members of civil society will debate important issues including just transition of the group of the world’s 19 major economies, the European Union and the African Union, temporarily chaired by Brasil. Conceived in conjunction with the G20 Sustainable Finance Working Group, the G20 Social meeting will take place virtually on the Ministry of Finance’s YouTube channel. The event will be conducted in English.

Participants will address actions to promote a just transition and the participation of environmental and climate funds in this process. To submit questions and speeches related to the theme of the event, organizations must register by tomorrow, June 19, using an electronic form.

The event will begin at 8:30 a.m. (Brasil standard time) and is expected to end at 3 p.m. on June 26. The first round table will be on global environmental and climate funds and civil society, addressing the costs of climate change mitigating and adaptation efforts, as well as access to international funds.

The second part will address the perspectives of civil society on the just transition, understanding that, with social inequality, the impacts of climate change are felt differently around the world. According to Lucas Tasquetto, representative of the Finance Track, the goal is to discuss the general themes of the G20 Sustainable Finance WG from the perspective of civil society.

“At the second table, we want to listen to civil society organizations, discussing just transition as an open, evolving concept which can be interpreted from different perspectives.

We will have the International Labour Organization (ILO), a pioneer in the incorporation of just transition and work, the United Nations Development Programme (UNDP), and other organizations connected to the issue, including the labor movement, where the concept of just transition first appeared in the 1970s,” he said.