GCF Readiness funds could be used to support the establishment of financial and institutional mechanisms to facilitate the debt swap. 6. Strategy for a Just Transition of the Workforce. Pursuing a transition to a low-carbon economy and more climate-resilient development will require a significant policy shift that will have a major impact on, inter alia, the labour market. In this regard, the GoAB seeks to facilitate a ‘Just Transition’ of affected sector workforces, through institutional and regulatory reforms, retraining and employment schemes, and economic diversification.
GCF Readiness funds could be used to support the establishment of financial and institutional mechanisms to facilitate the debt swap. 6. Strategy for a Just Transition of the Workforce. Pursuing a transition to a low-carbon economy and more climate-resilient development will require a significant policy shift that will have a major impact on, inter alia, the labour market. In this regard, the GoAB seeks to facilitate a ‘Just Transition’ of affected sector workforces, through institutional and regulatory reforms, retraining and employment schemes, and economic diversification.
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