Session 4: How to make it possible? Financing and navigating a just transition
The session will explore how to finance and govern a just transition. Financing the green transition is associated with the need to mobilise a significant amount of resources, and new opportunities for accessing finance targeted at environmental issues will emerge. Fiscal policy will be essential, and coordinated actions in the revenue and expenditure side, as well as in the international management of debt, will be crucial. Similarly, it is essential to focus on designing green transition policies, holistic and transformative policy packages that take into account the costs they generate and that incorporate mechanisms to compensate those groups who, at least temporarily, are negatively affected. The success and acceptance of the transition will require building consensus and promoting citizen participation in policy-making.
Chair (5 minutes) Elsa Pilichowski, Director, OECD Directorate for Public Governance
Setting the scene (5 minutes) Timothy Bishop, DAF/CFIP, OECD Centre on Climate Finance and Investment Representative CAF Representative European Commission Presentation (5 minutes) Juan Vazquez, Economist, Latin America and Caribbean Unit, OECD Development Centre
Discussants and Round Table (60 minutes) José Antonio Ocampo, Professor of Professional Practice in International and Public Affairs Columbia Marcela Jaramillo, Co-president Directive Committee, LEDS LAC Slim Dali, Research Officer in the Macroeconomic Analysis and Country Risk Division, AFD Rodrigo Olivares-Caminal, Chair in Banking and Finance Law, Queen Mary University of London Andrea Costafreda, Program Director for Latin America and the Caribbean, OXFAM Irene Monasterolo, Professor of Climate Finance, EDHEC Business School