A transition away from fossil fuels cannot be successful without respect for Indigenous Peoples' rights and leadership in the renewable energy sector. Find out how the sector can build shared prosperity in "Exploring Shared Prosperity: Indigenous Leadership and Partnerships for a Just Transition," a new report prepared in collaboration between Indigenous Peoples Rights International and Business & Human Rights Resource Centre: https://lnkd.in/dn5m2bBb To mark the launch of the report, UNEP FI, IPRI and the Business & Human Rights Resource Centre are hosting a webinar titled "Shared Prosperity: How Financial institutions can Partner with Indigenous Peoples for a Just Transition" on October 22, 8:00am EDT. Find out more and register, here: https://lnkd.in/ecuZDvYq
🆕 Exploring shared prosperity: Indigenous leadership and partnerships for a just transition As the transition towards renewable energy accelerates, justice must not be sidelined. Indigenous Peoples are at the frontline of the renewable energy sector's expansion - their lives and livelihoods often intertwined with the land coveted for the expansion. Our latest report, co-authored with The Indigenous Peoples Rights International , highlights the need for a rights-respecting approach to the renewable transition, one that fosters shared prosperity and fair and equitable benefits for all stakeholders involved. Key insights: 🔴 Benefit-sharing and co-ownership models can offer a sustainable and mutually beneficial path forward - but they must be fair and equitable and built on the foundation of three key principles: shared prosperity, corporate human rights due diligence and fair negotiations. 🔴 Free, prior and informed consent (FPIC) is non-negotiable. Benefit-sharing and ownership does not replace essential rights frameworks, including independent impact assessments and the right to FPIC. 🔴 Prioritising Indigenous Peoples’ rights in renewable energy projects isn’t just an ethical obligation, it’s a smart business move, which can lead to more stable relationships and successful projects. With over 130 countries pledging to triple renewable energy capacity by 2030, now is the time for policymakers, companies and investors to act. By embedding respect for Indigenous Peoples' rights into the renewable energy sector we can create a faster, greener, more inclusive transition. Read the report 👉 https://lnkd.in/ey4VaD54 #renewable #renewableenergy #justtransition