FINANCE & GOVERNANCE
2025 Policy Dialogue on Just Energy Transitions: Pathways to Prosperity Post Fossil Fuels (PPFF) Key Insights on just energy transitions and managing forecasted global oil and gas demand decline
1
2
Technology is accelerating the peak in global oil and gas demand more than new climate policies. Economies reliant on oil and gas exports must plan for this decline. The transition will bring crossborder and distributional impacts as producer countries adapt in a changing market. Just energy transitions create opportunities to build more prosperous and equitable economies.
3
New governance models for collaboration between importers and exporters are a key pathway to align interests and advance just, orderly, and equitable transitions.
4
Exporters need to diversify their economies and energy systems to reduce dependence on oil and gas. Overcoming barriers to highvalue industries and reliance on resource extraction can unlock new opportunities in the clean energy economy.
5
6
Fiscal and legal reforms can strengthen revenue use, boost domestic investment, and overcome the key bottleneck of mobilizing finance to advance oil and gas transitions. Regionally led economic modelling can provide a strong evidence base to guide effective and practical transition strategies.