To familiarize everyone with key socioeconomic terms and concepts, we have this new social media series.
For this week, our buzzword is "just transition".
It refers to the greening of the economy that is fair and inclusive as possible for everyone, leaving no one behind. The process involves maximizing the socioeconomic opportunities from climate action while minimizing the negative impacts through effective social dialogue among all groups affected and respect for fundamental labor principles and rights.
Source: International Labour Organization
In examining the possible impact of just transition, a PIDS study evaluated the potential changes to the labor market if sectors or firms that produce or enable environmental goods and services (“green sector”) were promoted in the Philippines.
It found that the estimated job demand may surpass the projected baseline need of 56 million workers. The additional range is expected to be between 3.6 and 4.8 million positions.
Know more about just transition in employment by reading “Greening the Philippine Employment Projections Model: New Estimates and Policy Options” at https://www.pids.gov.ph/publication/discussion-papers/greening-the-philippine-employment-projections-model-new-estimates-and-policy-options.
We are celebrating the 21st Development Policy Research Month (DPRM) this September, with the theme "Going Green and Digital for a More Sustainable, Inclusive, and Prosperous Future for All". Know more about the DPRM, the relevance of this year's theme, and the various DPRM activities and how you can participate by visiting https://dprm.pids.gov.ph/.