The world is experiencing an energy transition. This transition is primarily marked by a shift from reliance on fossil fuels toward a more diversified portfolio of energy technologies that include advanced, efficient, and low- to no-carbon energy resources. The transition also includes changes to institutional practices and norms, number and types of entities involved in energy markets, and a reconfiguration of the roles that different actors play in energy markets.
The equity and justice implications of the energy transition are fundamentally important. The benefits and harms are not dispersed equally, with some harmed disproportionately. For example, not everyone has equal access to the job opportunities, technological innovation, and clean air that accompanies this transition.