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Just Transition: Decarbonizing with Equity



  Nov 22, 2023

Achieving a ‘Just’ Decarbonised Economy



What is a ‘Just’ Decarbonised Economy?

A ‘Just’ Decarbonised Economy aims to reduce carbon emissions while ensuring equity and fairness in the socioeconomic impacts of the transition.

Why is a ‘Just’ Transition Urgent?

The urgency for a ‘Just’ transition stems from climate goals , like achieving net-zero emissions by 2070, and the need to address related social and economic challenges.

What Challenges Accompany a ‘Just’ Transition?

Challenges include aligning with global decarbonization goals, optimizing energy resource mixes, and ensuring payment security while managing economic impacts.

How Will Consumers and Businesses Be Affected?

Consumers and businesses may face increased prices due to changes in energy sectors, particularly if incentives or subsidies are not well-planned.

Proposed Measures for a ‘Just’ Transition?

Measures include establishing an Energy Transition Authority, rationalizing subsidies, and creating financial resources and incentives that consider the impact on people and enterprises.

Ensuring Equitability in the Transition?

Equitability can be promoted by redistributing income and ensuring the biomass supply chain benefits lower-income and rural populations in a sensitive manner .


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