 Climate crisis and energy transitionWon-Yong Oh Chapter 11 in Market Capitalism and Social Responsibility, 2026, pp 174-188 from Edward Elgar Publishing Abstract: This chapter examines the climate crisis as both an existential threat and a driver of economic transformation. It outlines the scientific basis of global warming and frames the challenge through the tragedy of the commons, while emphasizing the unequal social and economic impacts of climate change. The energy transition from fossil fuels to renewables is presented not only as an environmental imperative but also as a restructuring of industrial competitiveness, investment strategies, and corporate risk management. Key issues include intermittency, financing, and supply chain vulnerabilities around critical minerals, which carry geopolitical and business implications. The chapter highlights climate justice and the necessity of a just transition to mitigate inequality, noting that poorly designed policies can provoke social backlash and undermine legitimacy. Ultimately, the climate crisis demands that firms and policymakers integrate sustainability into strategy, turning decarbonization into both a challenge and an opportunity for innovation and long-term growth. Keywords: Climate Crisis; Energy Transition; Renewable Energy; Industrial Competitiveness; Climate Justice; Just Transition (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:25938_11 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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