As the World Bank and International Monetary Fund convene this week for their annual meetings, campaigners are urging multilateral development banks to back a new global framework to better coordinate the just transition.
The framework, called the Belém Action Mechanism for the Just Transition, or BAM, would be housed under the United Nations Framework Convention on Climate Change, or UNFCCC, and aims to require countries to follow specific standards, financing rules, and technical guidelines.
“[BAM] provides a coordination entity to better steer just transition efforts, an action and support function offering a single point of entry for countries and communities to access resources, and a knowledge-sharing space,” said Anabella Rosemberg, senior adviser on the just transition at the Climate Action Network, during a press briefing on Monday. “BAM is critical because it moves the conversation from dialogue to collective implementation, ensuring that climate transition benefits all, especially those currently lacking alternative pathways.”
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About the author
Jesse Chase-Lubitz
Jesse Chase-Lubitz covers climate change and multilateral development banks for Devex. She previously worked at Nature Magazine, where she received a Pulitzer grant for an investigation into land reclamation. She has written for outlets such as Al Jazeera, Bloomberg, the Organized Crime and Corruption Reporting Project, and The Japan Times, among others. Jesse holds a master’s degree in Environmental Policy and Regulation from the London School of Economics.
