ABSTRACT
Over the past decades, India has included inequality and balanced regional development in its policy priorities. Just Transition puts the lens back on addressing the legacy issues as growth becomes less fossil fuel dependent. This requires a comprehensive mapping of the issues that will arise from Just Transition. There will be simultaneous effects across the financial sector, firms, and people. Both public and private financial flows will need to be managed and augmented such that resilience of financial and non-financial entities as well as that of workers, communities, and consumers improves as a result of the transition. Government action on part of the centre and states will need to be proactive, given a large part of their investment and development strategies will steadily need to respond to clean energy and sustainability imperatives at the core of green transition. This chapter identifies the issues and evaluates past experiences as lessons for how to adopt a more pragmatic and workable approach to Just Transition. Simultaneously, the paper also estimates the costs as well as demonstrates the key issues for Just Transition for India's energy transition.
