A just transition in the industrial, metals and mining sectors will be crucial to the wider just transition. Industries like steel, cement, chemicals and refining will face significant challenges in decarbonising and action to ensure the process is just will create further complexity. Further, there will need to be a just transition out of legacy mining operations and a just transition into mining for minerals needed for a low-carbon economy. Ensuring positive outcomes for jobs and communities will be pivotal to a successful transition in these sectors.

The Just Transition Finance Lab will publish a first output on the mining sector in 2024 that will look at the unique challenge of delivering a just transition in mineral extraction and mining, and the levers available to finance to interact with the sector. The Lab will also be developing a programme on a just steel transition in 2024.