The energy transition offers long-term benefits but may cause short- to medium-term disruptions for individuals, businesses, and states. India’s growth has depended on solid fossil fuels, and states reliant on these sectors face challenges such as limited finance, workforce constraints, and potential revenue loss as the transition progresses.

A just transition will require substantial public and private finance supported by clear planning. Recent studies on Jharkhand examine the economic implications of the transition and outline a phased diversification strategy and financing approach, highlighting the need for targeted policies, institutional coordination, and capital mobilization.

CPI’s vision for this roundtable event is to bring together policymakers, civil sector organizations, and academia to engage in discussions focused on actionable strategies for enabling a just transition,

informed by robust policy frameworks and targeted investments. Following a context-setting presentation, stakeholders will deliberate upon key policy interventions, economic diversification strategies, and enabling financing strategies and mechanisms to build consensus on ensuring that India’s clean energy transition is just, inclusive, and equitable.

The discussion will aim to:

• Explore emerging strategies for economic diversification of solid fossil fuel-dependent industries.
• Driving public and private sector participation in emerging green sectors like green steel, sustainable transportation, etc.
• Identify policy interventions, collaborative approaches, and financing mechanisms to facilitate a just energy transition.