A New Sector for Public-Private Partnerships: Just Transition PPPs
(prepared by Mark Moseley, Principal of Moseley Infrastructure Advisory Services)
The global commitment to reach ‘Net Zero’ carbon emissions by 2050 will, necessarily, lead to the closure of a massive number of coal mines and coal power plants in many countries – with dramatic impacts upon workers and communities in those regions where such carbon- intensive industries have historically been dominant. Governments have recognised the need for actions to be taken to ensure ‘Just Transitions’ for the affected individuals in such regions. In the words of the declaration signed by seventeen countries at the 2021 COP26 Summit in Glasgow, what is needed is “Green growth, decent work, and economic prosperity in the transition to net zero”. To date, those governments that have attempted to undertake Just Transition programmes have primarily relied upon the public sector to deliver the required services and facilities. This paper argues that, as an alternative, government should also consider implementing Just Transition initiatives as Public-Private Partnership (PPP) projects.