Just Who Gets Paid-Off in a “Just” Transition? Some difficult lessons from BlackRock and French populists
June 9, 2022
Mark Blyth recently co-authored this paper linking two things that are often dealt with separately when discussing what is meant by the word “just” in the notion of a “just transition”.
On the one hand, activists and reformers see this as an opportunity to empower marginalised populations and redistribute wealth-generating assets using the state in the form of green industrial policy. On the other hand lies private finance, especially in the form of asset managers, who own huge swathes of global companies. These competing notions of “just” are used as a way to discuss how to have a transition that leverages the investments of the private sector without once again simply giving capital everything it wants at the expense of everyone else.