The Influence of Economic Law on a Just Energy Transition

A just energy transition is an essential process in achieving environmental, economic, and social sustainability, by shifting energy use from fossil fuels to renewable energy. In Indonesia, economic law plays a significant role in supporting or hindering this transition process. Its influence includes investment regulations in the renewable energy sector, distribution of energy subsidies, taxation, employment policies, and equitable energy access for the community. Economic law that supports a just energy transition must create a conducive environment for renewable energy investment, reduce dependence on fossil fuels through subsidy reform, and ensure social protection for affected workers. In addition, appropriate taxation policies and environmental law enforcement are needed to encourage widespread adoption of clean energy. With an integrated legal approach, Indonesia can accelerate a just and sustainable energy transition, while ensuring social justice and energy access for all levels of society.

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Publication Details

Journal
International Journal of Business and Applied Economics
Published
2024-11-26
DOI
https://doi.org/10.55927/ijbae.v3i6.11950
Citations
1
Primary Topic
Energy, Environment, and Transportation Policies
Type
article
Field-Weighted Citation Impact
0.10
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article

The Influence of Economic Law on a Just Energy Transition

Liliana Tedjosaputro, Vicki Dwi Purnomo, A. Hamid
1 citations
International Journal of Business and Applied Economics
Energy, Environment, and Transportation Policies
0.10
article

The Influence of Economic Law on a Just Energy Transition

Liliana Tedjosaputro, Vicki Dwi Purnomo, A. Hamid
article en
1 citations

Abstract

A just energy transition is an essential process in achieving environmental, economic, and social sustainability, by shifting energy use from fossil fuels to renewable energy. In Indonesia, economic law plays a significant role in supporting or hindering this transition process. Its influence includes investment regulations in the renewable energy sector, distribution of energy subsidies, taxation, employment policies, and equitable energy access for the community. Economic law that supports a just energy transition must create a conducive environment for renewable energy investment, reduce dependence on fossil fuels through subsidy reform, and ensure social protection for affected workers. In addition, appropriate taxation policies and environmental law enforcement are needed to encourage widespread adoption of clean energy. With an integrated legal approach, Indonesia can accelerate a just and sustainable energy transition, while ensuring social justice and energy access for all levels of society.

International Journal of Business and Applied EconomicsVol. 3(6)
Universitas 17 Agustus 1945 Semarang (ID)
Openalex Percentile: Top 63%
Energy, Environment, and Transportation Policies
0.10
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