A fair system for a gradual green transition has yet to be established
A comprehensive system is needed to facilitate a 30-year transition from fossil fuels to clean energy.
The transition to clean energy will span decades and require substantial resources, including the acquisition of mining permits, the establishment of supply chains, the construction of clean power plants, the redesign of gasoline-powered devices, and the gradual replacement of existing fossil fuel-dependent equipment.
Building a clean energy economy from the ground up will likely require trillions of dollars annually over the coming decades[1] to fund the extensive workforce required to develop an entirely new infrastructure.
Governments may need to design regulatory measures to support the transition. However, these regulations should be structured to place a greater financial burden on the wealthy rather than on the poor. Crafting such an equitable system is a complex challenge that has yet to be effectively addressed.