Although the goal of Net Zero is to avert climate change by reducing greenhouse gas emissions, its implications on inequality, poverty, and human well-being are complex. This chapter makes the case that Net Zero initiatives exacerbate inequality and poverty. Communities with abundant resources are better equipped to transition to a more resilient and sustainable environment, even in the face of job restructuring, unemployment, rising energy costs, and rising commodity prices. Sea level rise and human displacement from storms are taken into consideration while evaluating ecological resources. People who are already struggling are dispersed by this migration, and host communities are burdened with having to welcome newcomers despite their obligation to assist. However, the evidence for socioeconomic variables impacting short-term livelihoods and those who rely on fossil fuels is uncontroversial. Food and water insecurity is the third indicator of climate change. To provide fair policies and socioeconomic safety nets for underprivileged areas during just transition, this chapter recommends Net Zero-related socioeconomic catastrophe prevention strategies and policy requirements. This means that to implement a Net Zero policy without sacrificing equity and social stability for an ecologically sustainable goal, socioeconomic variables may be purposefully employed and balanced in the planning process.

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Socio-economic Impacts of Net Zero Policies

  • Michael Oyedele Oyenuga,
  • Rubee Singh,
  • Stella Bolanle Apata,
  • Shahbaz Khan,
  • Vikas Kumar

摘要

Although the goal of Net Zero is to avert climate change by reducing greenhouse gas emissions, its implications on inequality, poverty, and human well-being are complex. This chapter makes the case that Net Zero initiatives exacerbate inequality and poverty. Communities with abundant resources are better equipped to transition to a more resilient and sustainable environment, even in the face of job restructuring, unemployment, rising energy costs, and rising commodity prices. Sea level rise and human displacement from storms are taken into consideration while evaluating ecological resources. People who are already struggling are dispersed by this migration, and host communities are burdened with having to welcome newcomers despite their obligation to assist. However, the evidence for socioeconomic variables impacting short-term livelihoods and those who rely on fossil fuels is uncontroversial. Food and water insecurity is the third indicator of climate change. To provide fair policies and socioeconomic safety nets for underprivileged areas during just transition, this chapter recommends Net Zero-related socioeconomic catastrophe prevention strategies and policy requirements. This means that to implement a Net Zero policy without sacrificing equity and social stability for an ecologically sustainable goal, socioeconomic variables may be purposefully employed and balanced in the planning process.