The economic path to climate justice

As the world pursues decarbonization, the concept of a “just transition” has become ubiquitous, particularly when describing the shift away from fossil fuels in emerging and developing economies. Emissions targets at the global and national levels are viewed as the main drivers of the energy transition, and the climate policies developed to meet those targets must balance environmental and social objectives. But decarbonization is not always the product of a planned emissions-reduction pathway.

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