COP30 Just Transition

The statement calls for COP30 in Belem to establish an action plan for a just transition to 100% renewable energy, specifically targeting the reform of multilateral development banks (MDBs). It argues that current MDB models prioritise private profit and increase debt in the Global South, citing examples of harmful green hydrogen and hydropower projects. The authors propose three shifts: an immediate end to fossil fuel and 'false solution' finance, the provision of grants instead of debt-creating instruments, and a move toward small-scale, community-owned renewable energy projects to ensure energy sovereignty.

• The authors contend that current multilateral development bank (MDB) investment models prioritise private profit and exacerbate debt in Global South nations, often resulting in extractive projects that export power and profits away from local communities.
• Analysis of the World Bank-operated Climate Investment Funds indicates that only 0.4% of projects (two out of 466) were found to support a just transition.
• The document highlights specific World Bank projects as examples of 'greenwashed' colonial dependencies, including the funding of green hydrogen for export that displaces people and the promotion of large-scale hydropower in Pakistan that harms the Indus Delta ecosystem.
• To achieve true energy sovereignty, the authors argue MDBs must implement three radical shifts: ending all fossil fuel and 'false solution' finance (such as carbon capture), providing grants instead of debt-creating instruments, and funding decentralised, community-owned renewable energy like solar microgrids.
• The document references Kenya's Off-grid Solar programme, backed by the World Bank, as a positive example of a decentralised system that keeps benefits local.

APA

Acharya, S., & Doig, A. (2025). COP30 Just Transition. Recourse. https://re-course.org/newsupdates/cop30-just-transition/

Chicago

Acharya, Sunil, and Alison Doig. COP30 Just Transition. Recourse, 2025. https://re-course.org/newsupdates/cop30-just-transition/.

Wikipedia

{{cite press release |last1=Acharya |first1=Sunil |last2=Doig |first2=Alison |title=COP30 Just Transition |publisher=Recourse |date=10 November 2025 |url=https://re-course.org/newsupdates/cop30-just-transition/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{acharya2025cop30, author = {Acharya, Sunil and Doig, Alison}, title = {{COP30 Just Transition}}, publisher = {Recourse}, year = {2025}, month = nov, url = {https://re-course.org/newsupdates/cop30-just-transition/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }