Navigating the fiscal implications of a just transition
As India transitions to a low-carbon economy, coal-producing states like Odisha, Jharkhand and Chhattisgarh will need to navigate the challenge of declining fossil fuel revenues while ensuring a just transition.
The Beetaloo Basin in the Northern Territory has been touted as a promising, world-class shale gas resource, but may have low economic value, with high costs and risks, and uncertain returns.
An overreliance on fossil fuels, lack of competitiveness of the country’s electricity sector, and slow adoption of renewable energy sources caused surging electricity prices in South Korea in 2022.