ID: 1579
Presenting Author: Joana Pedro
Session: 558 - Justice in the Chain: Human Rights and Engagement in Energy Transition
Status: pending
This presentation discusses the role financial institutions in LAC have in in promoting a just transition.
Climate action to limit the increase in global average temperature to 1.5 °C is urgentand requires a deep transformation across all sectors, regions, and societies. However,
the climate crisis is also a social crisis, and its solution must necessarily place people
at the center. In this context, promoting a just transition is essential to ensure broad
support for ambitious climate policies and to generate both environmental and social
benefits. In Latin America and the Caribbean (LAC), this need is particularly salient: it is
the second most vulnerable region to the effects of climate change, the most unequal
in socioeconomic terms, and the richest in biodiversity.
The financial sector plays a crucial role as a catalyst for this transition. By mobilizing
capital for sustainable solutions, transforming businesses, and supporting affected
communities, banks and insurers can drive a fairer, more inclusive, and more sustainable
economy. Integrating climate and social objectives is not an additional option, but a
necessary condition for a truly transformative transition.
Joana Pedro leads the social&human rights team at UNEP FI. She mainly works on the interlinkages between human rights, social, environment, and finance, with a focus on financing a Just Transition.
Coauthor 1: Joana Pedro