A shift away from using fossil fuels is a key enabler for the low-carbon transition necessary to achieve climate goals, but delivering this transformation has widespread repercussions across local communities. A just transition – one that captures a social, environmental and economic approach- is crucial. There is broad agreement on the concepts a just transition should focus on – namely jobs, social welfare, individual wellbeing, and financial sustainability. However, specific policies will vary depending on the sector, geography and local economy.
This report highlights key considerations and sets out how to plan a just transition process in the energy sector. It is aimed at stakeholders in the just transition, including governments, businesses, investors and civil society.