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development of just and equitable laws, policies, and process interventions
that eliminate entrenched vulnerabilities to climate change.
Thus, States must recognize and address the existing inequalities and varying
challenges in the transition to a net-zero carbon economy. Climate neutrality
cannot take place at the expense of people.511 Green policy must put the
citizen’s well-being at the heart of change because “if domestic and global
policies are to achieve common goals, they must create not only a resilient
economy but also a resilient society that leaves no one behind.”512
States must ensure a just transition towards an environmentally-sustainable
economy that will guarantee “decent work for all, social inclusion and the
eradication of poverty.”513 This is particularly true for oil-based economies
and those with workforces relying on carbon-intensive industries and their
supply chains. The Commission endorses the recommendation that States, in
the transition to net-zero, engage with stakeholders in developing economic
strategies that are fair, inclusive, and sustainable; and provide support to
workers through the creation of local, inclusive and decent jobs.514
viii. Fulfill Climate Finance Commitments and Device New
Mechanisms For Loss and Damage from Climate ChangeRelated Events
Climate-resilient development “is enabled by increased international
cooperation including mobilizing and enhancing access to finance, particularly
for vulnerable regions, sectors and groups.”515 Accelerated financial support
for developing countries, including “increased levels of public finance and
publicly mobilized private finance flows from developed to developing
countries in the context of the USD100 billion-a-year goal; increas[ing]
the use of public guarantees to reduce risks and leverage private flows at
511
Mr. Mateusz Morawiecki, Prime Minister, Poland, Speech at the COP 26.
512
Id.
513
International Labour Organization, Guidelines for a Just Transition Towards Environmentally
Sustainable Economies and Societies For All (2015), paras. 4 &15 (a).
514
The 2021 Declaration on Supporting the Conditions for a Just Transition Internationally for COP
26, available at https://ukcop26.org/supporting-the-conditions-for-a-just-transition-internationally.
[hereinafter 2021 Declaration on Just Transition].
515
IPCC, AR6, WGII, SPM, supra note 281 (D.5.2).
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