IBRD Trust Funds - World Bank

Purpose

This project contributes to the Climate Investment Funds Accelerating Coal Transition (CIF ACT) program, aimed at accelerating the transition from coal-powered to clean energy while ensuring a holistic, integrated, socially-inclusive and gender-equal just transition in recipient countries. The Women-Led Coal Transition Mechanism (WOLCOT) aims to enhance women’s climate leadership and effective participation in the design and decision-making of coal-to-clean transition strategies and implementation. The initiative fosters an environment where women and other traditionally marginalized groups such as Indigenous peoples, youth and persons living with a disability can become agents of change towards a sustainable transition, improving their well-being and the well-being of their families and communities. Project activities include: (1) providing technical assistance and financial support to women-led organisations (WLOs) and other civil society organizations (CSOs) to build women’s capacities to lead and effectively participate in the coal-to-clean transition planning and decision-making strategies of CIF ACT-funded projects. This ensures their priorities and needs are taken into account; (2) building the capacity of local WLOs and CSOs to take an active part in locally-led climate actions; (3) conducting advocacy activities with public and private stakeholders at global, national, regional and local levels to promote gender lens investing; (4) empowering women, with particular focus on Indigenous women and women with disabilities, to equally benefit from green jobs and skills development through access to high paying, skilled employment during the transition; and (5) supporting the creation of a National Women-led Coal Transition Coalition aiming to promote peer-to-peer exchange and knowledge activities with women’s organizations from other ACT-funded countries. This project aims to benefit diverse women, including those in traditionally marginalized groups such as Indigenous peoples, youth, persons living with a disability, WLOs and CSOs in countries eligible to participate in the ACT program. This project aims to indirectly benefit the communities, including men and boys who will benefit from coal-to-clean energy transition.