No region left behind: Can the EU help coal regions navigate the low carbon transition? How do you phase out an industry without wreaking immense damage on the communities that rely on it? It is a question that should trouble anyone who advocates for a low carbon transition and one that has immense political ramifications if an answer is not found. The reality is that the low carbon transition will create significant losers as well as winners, and while it is easy to quote projections that suggest green industries can create more jobs and economic growth than the fossil fuel industries they displace that is cold comfort for the communities that see carbon intensive jobs lost and their replacements struggle to materialise. Net economic gains become meaningless for some communities if the benefits are not shared.
Business Green 11th Dec 2017 read more »