A Just Transition for Carbon-Neutral Industry

Sangwon Lee ()
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Sangwon Lee: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 22-17, Industrial Economic Review from 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.

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 (search for similar items in EconPapers)
JEL-codes: P18 Q43 Q56 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2022-10-01
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