Canada and the World Bank Group announced on Tuesday at the One Planet Summit in Paris that they are teaming up in partnership to support effective climate action in developing countries and small island developing states and spurring the acceleration away from coal-fired electricity toward clean energy.
One of many announcements coming out of the One Planet Summit held in Paris on Tuesday, the commitment by Canada and the World Bank Group seeks to support developing countries and Small Island Developing States (SIDS), those countries that are least able to effectively commit to a clean energy transition but which are simultaneously most likely to be first impacted by the effects of climate change.
Together, Canada and the World Bank Group will support the acceleration of the transition away from coal-fired electricity and toward clean energy in developing countries, aiming to keep up with their fast-growing economies. As for the Small Island Developing States, the two will help expand renewable energy infrastructure which they hope will help “put them on a more sustainable pathway that’s less polluting and ensures greater energy access.”
The partnership will also aim to share best practices with the developing regions on how to ensure a just transition for displaced workers and their communities.
“Phasing out coal power is the right choice for Canada, and I’m very pleased that we can also support developing countries in their transition to cleaner power,” said Catherine McKenna, Canada’s Minister of Environment and Climate Change. “We can’t forget workers and coal communities as we make this transition, and our new collaboration with the World Bank and the International Trade Union Confederation will provide analysis of best practices to Canada and others.”
“The Paris goals will be out of reach unless we can move quickly to help fast-growing economies shift towards cleaner energy sources,” added President Jim Yong Kim, President of World Bank Group. “We are committed to working closely with Canada and other partners to accelerate this transition and help workers and communities affected in the process.”