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A Just Transition for Carbon-Neutral Industry

Author

Listed:
  • Lee, Sangwon

    (Korea Institute for Industrial Economics and Trade)

Abstract

The concept of a just transition, which was based on the labor movement, has evolved and spread to other areas and fields, from climate justice organizations to international organizations and the private sector. As dealing with global climate change has become a priority, the meaning of the phrase has evolved to be used in policy tools that seek to minimize the burden and damage to vulnerable industries, workers, regions and classes from a low-carbon transition. Recently, Korea has also declared its intent to become carbon neutral by 2050, and awareness of the just transition has grown alongside that of a green industrial transition. However, Korea’s strategies are still in its early stages, so efforts are being made for more discussions and concrete policies for a just industrial transition. This paper examines just transition strategies and policies across the world and proposes a set of policies that may help ensure a just transition for all stakeholders.

Suggested Citation

  • Lee, Sangwon, 2022. "A Just Transition for Carbon-Neutral Industry," Industrial Economic Review 22-17, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:2022_017
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    More about this item

    Keywords

    climate change; carbon emissions; industrial structure; just transition; renewable energy; environmental policy; industrial policy; net-zero; net-zero emissions; carbon neutrality; carbon neutrality policy; carbon policy; Korea;
    All these keywords.

    JEL classification:

    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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