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The Costs and Concerns of Energy Transition: Energy Transition Should Be Just and Inclusive
Abstract
The global transition from fossil fuels to clean energy is driven by the need to reduce carbon emissions and combat climate change. However, this transition has its own set of costs, benefits, and concerns. The top-down approach to the transition often fails to consider the social, economic, and environmental costs associated with it, leading to conflicts among stakeholders and social groups. The transition to net-zero emissions will increase job opportunities, but it also poses a risk of job loss and displacement, particularly in industries reliant on coal. The chapter explores the challenges and opportunities of the energy transition, in the Indian context, and the unequal distribution of resources among different regions and social groups. It adopts a three-pronged approach: an extensive literature review, a detailed case study, and stakeholder consultations. The chapter aims to offer actionable insights for policymakers, industry stakeholders, and communities to navigate the challenges, concerns, and opportunities of the ongoing energy transition towards a cleaner future.
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