POLITICAL ECONOMY OF JUST TRANSITION TO A LOW CARBON ECONOMY

The concept of climate justice is getting now increasing attention . In practice, pursuing climate justice will require addressing energy justice for almost two billion people worldwide who lack an access to electricity as well as energy injustice that is inherent to current global energy system. Going after just transition to a low-carbon economy is suggested to be a foundation for building energy justice. This paper explores the procedural and distributional dimensions of such transition and the relationships between them. In this context, the key political economy questions are ‘who wins, who loses, how and why' as they relate to the existing energy system, who lives with the side effects of the sites of extraction, production and generation, and who will bear the social costs of decarbonising energy sources and economies.