European Parliament Library

Equitable Framework and Finance for Extractive-Based Countries in Transition (EFFECT)

Summary
How can fossil fuel producers and mineral-rich developing countries design realistic, just and cost-effective low-carbon transition pathways? Taking into account the heterogeneity of low-carbon trajectories, Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) provides options for policy makers, industry and finance institutions in search of the answers
Table Of Contents
Intro -- Foreword -- Acknowledgements -- Table of contents -- Executive summary -- Differentiation of recommendations -- Overview: Context, guiding principles and key policy recommendations -- Key findings -- Guiding principles for a just, low-carbon transition -- Key policy recommendations -- Pillar 1: Decarbonising extractives and managing uncertainties -- Pillar 2: Sustainable fossil fuel exit strategies and just transition plans -- Pillar 3: Systemic change and economy-wide decarbonisation -- Pillar 1 Decarbonisation of extractives and managing uncertainties -- 1.1. Understanding and managing the uncertainties and risks of continuous reliance on fossil fuels -- 1.1.1. Understanding the transition risks facing new and emerging producers -- 1.1.2. Aligning the investment strategies of national oil companies with low-carbon transition pathways -- 1.2. Decarbonising extractives -- 1.2.1. Methane emissions reduction -- 1.2.2. Enabling measures and incentives -- 1.2.3. Utilising associated gas -- 1.2.4. Reducing methane emissions across the LNG value chain -- 1.2.5. Reducing methane emissions from coal mining -- 1.2.6. Integrating renewables into upstream extractive projects -- 1.2.7. Deploying carbon capture (utilisation) and storage technology -- 1.2.8. Utilising CO2 -- 1.3. Addressing the technology gap -- 1.3.1. Creating an enabling environment to incentivise the deployment of low-carbon technology -- 1.3.2. Fostering sustainable technology transfer -- References -- Pillar 2 Sustainable fossil fuel exit strategies and just transition plans -- 2.1. Understanding transition risks -- 2.2. Just transition planning in fossil fuel-intensive sectors and regions -- 2.2.1. Structuring social dialogue and stakeholder engagement mechanisms -- 2.2.2. Assessing impact in affected areas and designing a comprehensive policy response
Language
eng
Literary Form
non fiction
Copyright
Edition
1st ed.
Physical Description
1 online resource (258 pages)
Specific Material Designation
remote
Form Of Item
online
Isbn
9789264949096

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