Wednesday, February 5, 2020

Just transition: the pensions analogy

BLOG: Any ‘just transition’ worth its name must square a circle along three dimensions: effective production, fair redistribution and political feasibility. The productive puzzle is about finding the most relevant technology for the transition to get going. Will green energy be based on solar or wind? Should nuclear power be included? And any transition implies winners and losers, thus raising questions of redistribution. Should the public purse subsidise isolated housing or exempt electric cars from road tax? Allocating costs and gains also has a temporal aspect—the pace of withdrawing old technologies while feeding in the new. Read More