Inspection Panel Chairperson Mark Goldsmith Discusses Just Transition and Climate Action at ODI

Towards the end of February, Inspection Panel Chair Mark Goldsmith was invited to speak to researchers at the London headquarters of ODI, a global affairs think tank founded in 1960 “to inspire people to act on injustice and inequality through collaborative research and ideas that matter for people and the planet.”
During his presentation, Goldsmith described the Inspection Panel’s history and structure, and provided examples of cases in seven countries on three continents. Much of Goldsmith’s presentation was dedicated to issues around climate change. In particular, he cited the Bank’s ambitious goal to target 45% of its annual financing to climate by next year and noted that future climate-related requests for inspection could be linked to greenhouse gas emissions or climate adaptation. He described findings and lessons learned from the investigation, including the need for environmental assessment to consider the project’s impact over the appropriate geographic area over the long term.
The Panel Chair concluded his presentation by observing that two-way consultation can help impacted communities towards a Just Transition, that is, the process of addressing climate change and greening the economy in a way that is as fair and inclusive as possible to everyone concerned.