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Phasing out consumption of fossil fuels in favour of zero-emission sources of energy will cause major social and economic disruption, creating a large number of losers as well as winners. Policymakers have begun to focus on the need for a just or equitable transition to address some of these impacts and broaden political support for ...
8 Min Read LONDON (Reuters) - Phasing out consumption of fossil fuels in favour of zero-emission sources of energy will cause major social and economic disruption, creating a large number of losers as well as winners. FILE PHOTO: Dust blows around a crude oil pump jack and flare burning excess gas at a drill pad in the Permian Basin in Loving County, Texas, U.S. November 25, 2019. Picture taken November 25, 2019. REUTERS/Angus Mordant/File Photo/File Photo Policymakers have begun to focus on the need for a just or equitable transition to address some of these impacts and broaden political su...
COLUMN-Ensuring the energy transition is equitable: Kemp Reuters 4 hrs ago * Chartbook: https://tmsnrt.rs/3s2be8j By John Kemp LONDON, April 8 (Reuters) - Phasing out consumption of fossil fuels in favour of zero-emission sources of energy will cause major social and economic disruption, creating a large number of losers as well as winners. Policymakers have begun to focus on the need for a just or equitable transition to address some of these impacts and broaden political support for ambitious decarbonisation. Like any welfare-improving public policy, it should in theory be possible for th...