Private Roundtable on Just Transition

The participants stressed the urgency for recognising climate change as the primary challenge of the 21^st century. It was emphasised that the shift to a low-carbon economy must go hand in hand with providing jobs and supporting local communities in order to be genuinely sustainable. To deliver a socially just transition, policy makers must take into account all sectors of the economy, with costs and benefits shared equally across society. The participants agreed that instead of pursuing a centralised approach, stakeholders from local communities, business and government must work closely together, fostering a new form of social dialogue and establishing trust. At the event with the New Economics Foundation, it was concluded that sustainability must become the guiding principle of any economic strategy.