Stepping into the just transition journey: The energy transition in petrostates
Résumé
With the transition towards a low carbon economy underway, the notion of ensuring that it is a just transition – one that is fair and equitable – has captured significant attention in recent decades. Although petrostates are a central part of the fossil fuel-based global economy, they have been largely ignored in discussions of a just transition. This article explores what should characterize a just transition in petrostates, as they face challenges that are distinct from those faced by major producers of other fossil fuels such as coal. We argue that the just transition should be understood comprehensively to cover climate, energy, and environmental justice. Economic reforms, particularly investment diversification, institutional reforms, and the inclusion of women, youth populations and indigenous people are practical steps for achieving a just transition within petrostates. The importance of this research is to highlight that petrostates need to begin their just transition journey. There is limited time for this to happen, and taking steps into the just transition journey will have many benefits as identified in this research such as, socio-economic, impact on public health and an increase in inward-investments. The research involves utilizing the energy justice framework and assessing the five energy justice principles: procedural, distributive, restorative, recognition and cosmopolitan. In order to assess these we utilize data from the United Nations and World Bank to explore the key issues as asset diversification, employment and recognition issues. Finally, a just transition pathway is presented for petrostates to follow on the basis of the results.
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